U.S. SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C.
FORM 4
ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
( ) Check box if no longer subject to Section 16.
Form 4 or Form 5 obligations may continue. See Instructions 1(b).
1. Name and Address of Reporting Person
Traver, Jr., Raymond C.
2637 East Lake Road
Skaneateles, NY 13152
US
2. Issuer Name and Ticker or Trading Symbol
Skaneateles Bancorp, Inc.
SKAN
3. IRS or Social Security Number of Reporting Person (Voluntary)
4. Statement for Month/Year
April 1997
5. If Amendment, Date of Original (Month/Year)
6. Relationship of Reporting Person to Issuer (Check all applicable)
(X) Director ( ) 10% Owner ( ) Officer (give title below) ( ) Other
(specify below)
<TABLE>
<CAPTION>
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Table I -- Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned |
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1. Title of Security |2. |3. |4.Securities Acquired (A) |5.Amount of |6.Dir |7.Nature of Indirect |
| Transaction | or Disposed of (D) | Securities |ect | Beneficial Ownership |
| | | | Beneficially |(D)or | |
| | | | | A/| | Owned at |Indir | |
| Date |Code|V| Amount | D | Price | End of Year |ect(I)| |
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<S> <C> <C> <C><C> <C> <C> <C> <C> <C>
Common Stock |4/4/97|J* | |107 |A |$19.125 |2,812 |D | |
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Common Stock | | | | | | |4,050 |i |** |
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Common Stock | | | | | | |262 |i |*** |
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Common Stock | | | | | | |262 |i |**** |
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<CAPTION>
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Table II -- Derivative Securitites Acquired, Disposed of, or Beneficially Owned |
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1.Title of Derivative |2.Con- |3. |4. |5.Number of De |6.Date Exer|7.Title and Amount |8.Price|9.Number |10.|11.Nature of|
Security |version |Transaction | rivative Secu |cisable and| of Underlying |of Deri|of Deriva |Dir|Indirect |
|or Exer | | | rities Acqui |Expiration | Securities |vative |tive |ect|Beneficial |
|cise | | | red(A) or Dis |Date(Month/| |Secu |Securities |(D)|Ownership |
|Price of| | | posed of(D) |Day/Year) | |rity |Benefi |or | |
|Deriva- | | | |Date |Expir| | |ficially |Ind| |
|tive | | | | A/|Exer-|ation| Title and Number | |Owned at |ire| |
|Secu- | | | | | D |cisa-|Date | of Shares | |End of |ct | |
|rity |Date |Code|V| Amount | |ble | | | |Year |(I)| |
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<S> <C> <C> <C> <C><C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
Warrant to Purchase Co|$19.25 |4/1/9|J***| |1,000 |A |*****|4/1/0|Common Stock|1,000 |***** |1,000 |D | |
mmon Stock | |7 |** | | | |* |7 | | | | | | |
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| | | | | | | | | | | | | | |
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</TABLE>
Explanation of Responses:
* Shares issued pursuant to 1995 Non-Employees Director's Stock
Plan.
** Owned through self pension
plan.
*** Owned by self for minor son
NYUGMA.
**** Owned by self for minor daughter
NYUGMA
***** Granted under the 1995 Non-Employee Directors Warrant
Plan.
****** Warrants become vested over a three-year period in increments of
one-third each on each anniversary of the
grant
date.
SIGNATURE OF REPORTING PERSON
/s/ Raymond C. Traver, Jr.
DATE
May 9, 1997
