SEC FORM 3

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

IGLESIAS ABEL L

(Last)

(First)

(Middle)

396 ALHAMBRA CIRCLE, STE. 255

(Street)

CORAL GABLES

33146

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
02/06/2020

3. Issuer Name and Ticker or Trading Symbol
Professional Holding Corp. [ PFHD ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
	Chief Operating Officer

5. If Amendment, Date of Original Filed (Month/Day/Year)

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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Class A Common Stock	9,406	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Share Appreciation Rights	03/01/2013⁽¹⁾	⁽¹⁾	Class A Common Stock	12,000	$12.5	D
Share Appreciation Rights	12/31/2014⁽¹⁾	⁽¹⁾	Class A Common Stock	5,000	$11.5	D
Share Appreciation Rights	12/31/2015⁽¹⁾	⁽¹⁾	Class A Common Stock	20,000	$11.5	D
Share Appreciation Rights	11/15/2016⁽¹⁾	⁽¹⁾	Class A Common Stock	15,000	$12.75	D
Share Appreciation Rights	12/31/2017⁽¹⁾	⁽¹⁾	Class A Common Stock	1,000	$15	D
Share Appreciation Rights	12/31/2017⁽¹⁾	⁽¹⁾	Class A Common Stock	25,000	$15	D
Share Appreciation Rights	12/31/2018⁽¹⁾	⁽¹⁾	Class A Common Stock	27,500	$18.25	D

Explanation of Responses:

1. Share Appreciation Rights vest upon the earlier of 1,825 calendar days of continuous service after the grant date or the occurrence of certain specified, nonperformance-related events, subject to an election by the recipient. Stock Appreciation Right appreciation payments are paid at or shortly following certain specified, nonperformance-related events, such as a change in control of the issuer, in accordance with the participant's election. The Share Appreciation Rights do not expire and the Compensation Committee of the Board of Directors of the issuer has discretion pay the unit appreciation payments in cash or stock.

	/s/ Abel L. Iglesias	02/06/2020
	** 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 5 (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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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