------- FORM 4 U.S. SECURITIES AND EXCHANGE COMMISSION ------------------------------- ------- Washington D.C. 20549 OMB APPROVAL ------------------------------- [ ] Check this box if STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OMB Number: 3235-0287 no longer Subject Expires: January 31, 2005 to Section 16. Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, ------------------------------- Form 4 or Form 5 Section 17(a) of the Public Utility Holding Company Act of 1935 or obligations may Section 30(f) of the Investment Company Act 1940 Continue. See Instructions 1(b) ---------------------------------------------------------------------------------------------------------------------------------- |1.Name and Address of Reporting Person |2.Issuer Name and Ticker or Trading Symbol |6.Relationship of Reporting Person to | | | | Issuer (Check all Applicable) | | Marsh William C. | Emclaire Financial Corp. (EMCF) | | |----------------------------------------|---------------------------------------------| ___ Director ___ 10% Owner | | (Last) (First) (MI) |3.IRS Number of |4.Statement for Month/| | | | Reporting Person | Year | _x_ Officer (give ___ Other | | | (Voluntary) | | title below) (Specify below)| | 203 Drake Circle | | 03/06/03 | | |----------------------------------------| 203-62-1697 | | Treasurer/Secretary | | (Street) | |----------------------|---------------------------------------| | | |5.If Amendment,Date of|7.Individual or Joint/Group Filing | | | | Original (Month/Year)| (Check Applicable Line) | | | | | | | Cranberry Twp. PA 16066 | | | _x_ Form filed by One Reporting Person| |----------------------------------------| | | | | (City) (State) (Zip) | | | ___ Form filed by More than one | | | | | Reporting Person | |----------------------------------------|----------------------|----------------------|---------------------------------------| | | | TABLE I - Non-Derivative Securities Acquired, Disposed of or Beneficially Owned | |------------------------------------------------------------------------------------------------------------------------------| |1.Title of Security |2.Transac- |3.Trans. |4.Security Acquired (A) or |5.Amount of |6. |7.Nature of | | (Instr. 3) | tion Date | Code | Disposed of (D) | Securities |Ownership | Indirect | | | (Mon/Day/Yr)|(Instr. 8)| (Instr. 3, 4 & 5) | Beneficially |Form Dir. | Beneficial | | | | | | | | | Owned at End |(D) or | Ownership | | | | | | |(A) | | of Month |Indirect | (Instr. 4) | | | |Code | V | Amount |(D) | Price | (Instr. 3&4) |(I) | | | | | | | | | | |(Instr. 4)| | |----------------------------|-------------|-----|----|---------------|----|--------|---------------|----------|---------------| | | | | | | | | | | | |----------------------------|-------------|-----|----|---------------|----|--------|---------------|----------|---------------| | Common Stock | | | | | | | 8,000 | D | | |----------------------------|-------------|-----|----|---------------|----|--------|---------------|----------|---------------| | Common Stock | 03/06/03 | P | V | 150 | A | $24.00 | 150 | I | Spouse | |----------------------------|-------------|-----|----|---------------|----|--------|---------------|----------|---------------| FORM 4 (continued) TABLE II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, covertible securities) ------------------------------------------------------------------------------------------------------------------------------- |1.Title of|2.Conver-|3. |4.Trans- |5.Number of |6.Date |7.Title and Amount |8.Price of|9.Number |10. |11.Nature | |Derivative|sion or |Trans|action | Derivative |Exercisable| of Underlying |Derivative| of |Own.| of | |Security |Exercise |Date |Code | Securities |and | Securities |Security |Derivative|Form| Indirect | |(Instr. 3)|Price of |(Mon/|(Instr.8)| Acquired (A) or|Expiration | (Instr. 3 & 4) |(Instr. 5)|Securities|of |Beneficial| | |Deriva- |Day/ | | Disposed of (D)|Date | | |Benefi- |Deri|Ownership | | |tive |Year)| | (Instr. 3, 4&5)|(Mon/Day/ | | |cially |Sec.|(Instr. 4)| | |Security | | | | Year) | | |Owned at |Dir.| | | | | | | |-----------|---------------------| |End of |(D) | | | | | | | | | | |Amount or | |Month |or | | | | | |---------|-----------------|Date |Exp. | Title |Number of | |(Instr. 4)|Ind.| | | | | |Code| V | (A) | (D) |Exbl.|Date | |Shares | | |(I) | | |----------|---------|-----|----|----|--------|--------|-----|-----|----------|----------|----------|----------|----|----------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |----------|---------|-----|----|----|--------|--------|-----|-----|----------|----------|----------|----------|----|----------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |----------|---------|-----|----|----|--------|--------|-----|-----|----------|----------|----------|----------|----|----------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |----------|---------|-----|----|----|--------|--------|-----|-----|----------|----------|----------|----------|----|----------| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |----------|---------|-----|----|----|--------|--------|-----|-----|----------|----------|----------|----------|----|----------| Explanation of Responses: /s/ William C. Marsh 03/10/03 ------------------------------- ---------- Signature Date Reminder: Report on a separate line for each class of securities beneficially owned directly or directly. * 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 provided is insufficient, see Instruction 6 for procedure.