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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 4
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
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
[ ] Check this box if no longer subject to Section 16.
OMB Number: 3235-0287
Expires: September 30, 1998
1. Name and Address of Reporting Person:
MARLIN D. MOORE, JR.
21 UNIVERSITY CIRCLE
TUSCALOOSA, ALABAMA 35401
2. Issuer Name and Ticker or Trading Symbol:
SECURITY FEDERAL BANCORP, INC.
3. IRS or Social Security Number of Reporting Person:
###-##-####
4. Statement for Month/Year:
01/97
5. If Amendment, Date of Original:
NOT APPLICABLE
6. Relationship(s) of Reporting Person(s) to Issuer:
[ X ] Director
[ ] 10% Owner
[ ] Officer (give title below)
[ X ] Other (specify below)
CHAIRMAN
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7. Individual or Joint/Group Filing:
[ X ] Form Filed by One Reporting Person
[ ] Form Filed by More than One Reporting Person
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TABLE I
NON-DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF OR BENEFICIALLY
OWNED
<TABLE>
<CAPTION>
1. 2. 3. 4.
Securities
Transaction Acquired (A) or
Code Disposed of (D)
Title of Transaction ----------- -------------------
Security Date Code V Amount A/D Price
- -------- ----------- ---- ---- ------ --- -----
<S> <C> <C> <C> <C> <C>
COMMON STOCK 01/08/97 P 5,000 A 16.25
</TABLE>
<TABLE>
<CAPTION>
5. 6. 7.
Amount of Ownership
Securities Form: Nature of
Owned at Direct or Indirect
Month-End Indirect Ownership
- --------- --------- ----------
<S> <C> <C>
40,573 D
230 I under MRP*
<FN>
*Reflects vested amount of plan share award under the Issuer's
Management Recognition Plan, pursuant to which the reporting
person may acquire up to 1,152 shares, subject to vesting in
equal amounts on November 20, 1996 - 2000.
</FN>
</TABLE>
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TABLE II
DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF OR BENEFICIALLY OWNED
(E.G., PUTS, CALLS, WARRANTS, OPTIONS, CONVERTIBLE SECURITIES)
<TABLE>
<CAPTION>
1. 2. 3. 4. 5. 6. 7. 8.
Number of
Derivative Date Exercisable Title and
Trans- Securities & Expiration Date Amount of
action Acquired or ----------------- Underlying
Title of Trans- Code Disposed of Date Expir- Securities Price of
Derivative Exercise action ------ ----- ----- Exer- ation ------------- Derivative
Security Price Date Code V A D cisable Date Title Amount Security
- ---------- -------- -------- ---- - ----- ----- -------- -------- ------ ------ ----------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
OPTION COMMON
TO BUY STOCK
</TABLE>
<TABLE>
<CAPTION>
5. 6. 7.
Ownership
Number of Form of
Derivative Derivative
Securities Security: Nature of
Owned at Direct or Indirect
Month-End Indirect Ownership
- ---------- ---------- ---------
<S> <C> <C>
576* D
<FN>
*Reflects vested amount of option granted under the Issuer's
Stock Option and Incentive Plan, pursuant to which the reporting
person may become entitled to buy up to 2,881 shares, subject to
vesting in equal amounts on November 20, 1996 - 2000.
</FN>
</TABLE>
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SIGNATURE
/s/ Marlin D. Moore, Jr. February 10, 1997
- -------------------------------- -----------------
Signature of Reporting Person ** Date
** Intentional misstatements or omissions of facts
constitute federal criminal violations. See 18
U.S.C. 1001 and 15 U.S.C. 78ff(a).
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