Statement of Changes in Beneficial Ownership (4)

FORM 4

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

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

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

1. Name and Address of Reporting Person * BIAS JONATHAN MARK	2. Issuer Name and Ticker or Trading Symbol PREMIER FINANCIAL BANCORP INC [ PFBI ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director                    _____ 10% Owner __X__ Officer (give title below)    _____ Other (specify below) Senior Vice President
(Last)          (First)          (Middle) C/O PREMIER FINANCIAL BANCORP, INC., 2883 5TH AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY) 9/17/2021
(Street) HUNTINGTON, WV 25702 (City)        (State)        (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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)
			Code	V	Amount	(A) or (D)	Price
PFBI Common Stock	9/17/2021		D(1)		4612 (1)	D	(1)	0	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Employee Stock Option (Right to Buy)	$8.50	9/17/2021		D (2)			4200 (2)	(2)	3/18/2030	PFBI Common	4200	$0 (2)	0	D
Employee Stock Option (Right to Buy)	$15.57	9/17/2021		D (3)			6300 (3)	(3)	3/20/2029	PFBI Common	6300	$0.00 (3)	0	D
Employee Stock Option (Right to Buy)	$15.12	9/17/2021		D (4)			6250 (4)	(4)	3/21/2028	PFBI Common	6250	$0.00 (4)	0	D
Employee Stock Option (Right to Buy)	$15.2080	9/17/2021		D (5)			6250 (5)	(5)	3/15/2027	PFBI Common	6250	$0.00 (5)	0	D

Explanation of Responses:
(1)	PFBI Common Stock disposed pursuant to merger agreement between issuer and Peoples Bancorp Inc in exchange for 2,674 shares of Peoples common stock having a market value of $30.59 per share on the effective date of the merger.
(2)	This option, which provided for vesting in three equal annual installments beginning on 03/18/2021, was canceled in the merger in exchange for a cash payment of $38,766, representing the difference between the exercise price of the option and market value of Peoples common stock times the merger agreement exchange ratio of 0.58 shares for each PFBI common share in accordance with the merger agreement.
(3)	This option, which provided for vesting in three equal annual installments beginning on 03/20/2020, was canceled in the merger in exchange for a cash payment of $13,608, representing the difference between the exercise price of the option and market value of Peoples common stock times the merger agreement exchange ratio of 0.58 shares for each PFBI common share in accordance with the merger agreement.
(4)	This option, which vested over three-year period from 03/21/2018 grant date and were fully vested on 03/21/2021, was canceled in the merger in exchange for a cash payment of $16,312, representing the difference between the exercise price of the option and market value of Peoples common stock times the merger agreement exchange ratio of 0.58 shares for each PFBI common share in accordance with the merger agreement.
(5)	This option, which vested over three-year period from 03/15/2017 grant date and were fully vested on 03/15/2020, was canceled in the merger in exchange for a cash payment of $15,762, representing the difference between the exercise price of the option and market value of Peoples common stock times the merger agreement exchange ratio of 0.58 shares for each PFBI common share in accordance with the merger agreement.

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
BIAS JONATHAN MARK C/O PREMIER FINANCIAL BANCORP, INC. 2883 5TH AVENUE HUNTINGTON, WV 25702			Senior Vice President

Signatures
/s/ J Mark Bias		9/17/2021
**Signature of Reporting Person		Date