X0303 4 2011-03-28 0 0000078838 PITTSBURGH & WEST VIRGINIA RAILROAD PW 0001479527 Lesser David H 206 EAST 63RD STREET - FIFTH FLOOR NEW YORK NY 10021 1 1 0 0 Chief Executive Officer Common 2011-03-28 4 P 0 75 9 A 120995 D Common 2011-03-28 4 P 0 3523 9 A 120995 I See Footnote Common 2011-03-29 4 P 0 69419 9 A 120995 I See FootNote 85,210 common shares are owned by Hudson Bay Partners, LP, a limited partnership owned 100% by David H. Lesser. 34,710 shares are owned by HBP PW, LLC, a limited liability company managed by David H. Lesser. The shares were acquired pursuant to PW's rights offering and a standby purchase agreement with the company. David H. Lesser 2011-03-30