- Statement of Changes in Beneficial Ownership (4)

FORM 4 [ ] 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	OMB APPROVAL OMB Number: 3235-0287 Expires: November 30, 2011 Estimated average burden hours per response... 0.5
	Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person * PFISCHNER ROBERT D	2. Issuer Name and Ticker or Trading Symbol PARKVALE FINANCIAL CORP [ PVSA ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) __ X __ Director                      _____ 10% Owner _____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle) 4220 WILLIAM PENN HIGHWAY	3. Date of Earliest Transaction (MM/DD/YYYY) 10/26/2011
(Street) MONROEVILLE, PA 15146 (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
Common Stock								1525	I	See Footnote   (1)
Common Stock								80869	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
Stock Options (Right to Buy)	$22.825	10/26/2011		E			2000	10/25/2001	10/25/2011	Common Stock	2000	$ 0	0	D
Stock Options (Right to Buy)	$24.475							10/24/2002	10/24/2012	Common Stock	2000		2000	D
Stock Options (Right to Buy)	$22.995							1/3/2003	12/19/2012	Common Stock	6500		6500	D
Stock Option (Right to Buy)	$25.625							10/23/2003	10/23/2013	Common Stock	2000		2000	D
Stock Option (Right to Buy)	$26.77							10/28/2004	10/28/2014	Common Stock	2000		2000	D
Stock Option (Right to Buy)	$27.684							10/27/2005	10/27/2015	Common Stock	2000		2000	D
Stock Option (Right to Buy)	$31.8							10/27/2006	10/26/2016	Common Stock	2000		2000	D
Stock Option (Right to Buy)	$29.48							10/26/2007	10/25/2017	Common Stock	2000		2000	D
Stock Option (Right to Buy)	$15							10/24/2008	10/23/2018	Common Stock	2000		2000	D
Stock Option (Right to Buy)	$8.49							11/20/2009	11/19/2019	Common Stock	2000		2000	D
Stock Option (Right to Buy)	$7.5							10/29/2010	10/28/2020	Common Stock	2000		2000   (2)	D

Explanation of Responses:
( 1)	Held by my wife.
( 2)	Unexercised Stock Options total 24,500

Reporting Owners
Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
PFISCHNER ROBERT D 4220 WILLIAM PENN HIGHWAY MONROEVILLE, PA 15146	X

Signatures
Deborah M. Cardillo, Power of Attorney for Robert D. Pfischner		11/16/2011
** 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).
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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