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
                                                                                  
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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 *

Myers Timothy D
2. Issuer Name and Ticker or Trading Symbol

Bank of Marin Bancorp [ BMRC ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                    _____ 10% Owner
__X__ Officer (give title below)    _____ Other (specify below)
Executive Vice President
(Last)          (First)          (Middle)

504 REDWOOD BOULEVARD, STE 100
3. Date of Earliest Transaction (MM/DD/YYYY)

3/22/2021
(Street)

NOVATO, CA 94947
(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 3/22/2021 3/22/2021 M  550 A$19.00 19963 D  
Common Stock 3/22/2021 3/22/2021 F  262 D$39.77 19701 D  
Common Stock         11046.7362 I By ESOP 

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Stock Options (Right to buy) $19.00 3/22/2021 3/22/2021 M     550   (1)4/1/2021 Common Stock 550 $19.00 0 D  
Stock Options (Right to buy) $19.09            (1)4/2/2022 Common Stock 1000  1000 D  
Stock Options (Right to buy) $19.675            (1)4/1/2023 Common Stock 600  600 D  
Stock Options (Right to Buy) $22.94            (1)4/1/2024 Common Stock 1300  1300 D  
Stock Options (Right to buy) $25.375            (2)3/2/2025 Common Stock 2980  2980 D  
Stock Options (Right to buy) $24.825            (2)3/1/2026 Common Stock 5380  5380 D  
Stock Options (Right to buy) $34.80            (2)3/1/2027 Common Stock 3720  3720 D  
Stock Options (Right to buy) $33.575            (3)3/1/2028 Common Stock 2000  2000 D  
Stock Options (Right to buy) $33.575            (2)3/1/2028 Common Stock 4140  4140 D  
Stock Options (Right to Buy) $44.45            (2)3/1/2029 Common Stock 3600  3600 D  
Stock Options (Right to buy) $40.10            (2)3/2/2030 Common Stock 2670  2670 D  
Stock Options (Right to Buy) $38.25            (2)3/1/2031 Common Stock 2099  2099 D  

Explanation of Responses:
(1) Exercisable 20% per year beginning on first anniversary date of grant
(2) Exercisable 33% per year beginning on first anniversary date of grant
(3) Exercisable 33% immediately, then 33% per year on first anniversary date of grant.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Myers Timothy D
504 REDWOOD BOULEVARD, STE 100
NOVATO, CA 94947


Executive Vice President

Signatures
Krissy Meyer, Attorney-in-Fact3/22/2021
**Signature of Reporting PersonDate

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