SEC FORM 4/A

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

SAWYER MARSHA C

(Last)

(First)

(Middle)

120 OAK POINT RD

(Street)

TRENTON

04605

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
BAR HARBOR BANKSHARES [ bhb ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	SR VP, Human Resources

3. Date of Earliest Transaction (Month/Day/Year)
09/24/2003

4. If Amendment, Date of Original Filed (Month/Day/Year)
09/24/2003

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Bar Harbor Bankshares Common Stock	09/24/2003	09/24/2003	P		567.981	A	⁽¹⁾	981.981	D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Incentive Stock Option⁽²⁾	$15.4	09/17/2003		M			1,480	06/20/2002	06/20/2012	Bar Harbor Bankshares Common Stock	1,480	$22.1	2,020	D
Incentive Stock Option	$15.4	09/17/2003		M			1,420	06/20/2003	06/20/2012	Bar Harbor Bankshares Common Stock	1,420	$22.1	600	D
Incentive Stock Option	$18.5	09/17/2003		M			100	08/20/2003	08/20/2013	Bar Harbor Bankshares Common Stock	100	$22.1	500	D
Incentive Stock Option	$18.5	09/17/2003		M			200	08/20/2003	08/20/2013	Bar Harbor Bankshares Common Stock	200	$22.4	300	D
Incentive Stock Option	$18.5	09/17/2003		M			300	08/20/2003	08/20/2013	Bar Harbor Bankshares Common Stock	300	$22.5	0	D

Explanation of Responses:

1. 567.981 shares were purchased in the 401k plan at BHB. These are regular salary deferrals that purchase the stock.

2. Grant of Incentive Stock Options to acquire Bar Harbor Bankshares common stock under Bar Harbor Bankshares (and Subsidiaries) Incentive Stock Option Plan of 2000.

	Marsha C. Sawyer	10/01/2003
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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