4 1 walter.txt ------------------------------ OMB APPROVAL [x] Check this box if no longer ------------------------------ subject to Section 16. Form 4 or OMB Number 3235-0287 Form 5 obligations may continue. Expires: January 31, 2005 See Instruction 1(b). Estimated average burden hours per response ....... 0.5 ------------------------------ 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(h) of the Investment Company Act of 1940 -------------------------------------------------------------------------------- 1. Name and Address of Reporting Person* Walter Donald F. -------------------------------------------------------------------------------- (Last) (First) (Middle) 423 Sycamor Street, Suite 101 -------------------------------------------------------------------------------- (Street) Niles Michigan 49120 -------------------------------------------------------------------------------- (City) (State) (Zip) -------------------------------------------------------------------------------- 2. Issuer Name and Ticker or Trading Symbol MetroBanCorp (METB) -------------------------------------------------------------------------------- 3. I.R.S. Identification Number of Reporting Person, if an entity (Voluntary) -------------------------------------------------------------------------------- 4. Statement for Month/Day/Year 01/13/2003 -------------------------------------------------------------------------------- 5. If Amendment, Date of Original (Month/Day/Year) ================================================================================ 6. Relationship of Reporting Person(s) to Issuer (Check all applicable) [X] Director [ ] 10% Owner [ ] Officer (give title below) [ ] Other (specify below) -------------------------------------------------------------------------------- 7. 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 ================================================================================

5. 6. 2A. 4. ~~Amount~~5. of Owner- 2. Deemed 3. Securities Acquired (A) or ~~Securities~~Amount of ship 7. Trans- Execution Trans- Disposed of (D) ~~Beneficially~~Securities Form: Nature of action Date, if action (Instr. 3, 4 and 5) ~~Owned~~Beneficially Direct Indirect Date any Code ----------------------------- Following (D) or Beneficial 1. (Month/ (Month/ (Instr. 8) (A) Reported Indirect Owner- Title of Security Day/ Day/ ----------- Amount or Price Transaction(s) (I) ship (Instr. 3) Year) Year) Code V (D) (Instr. 3 and 4) (Instr.4) (Instr. 4) --------------------------------------------------------------------------------------------------------------------------- Common Stock, no par value 0801/0513/0203 -D -32,067 VD ~~210 A $9~~17.2300 ~~13,410~~0(1) D(2) - --------------------------------------------------------------------------------------------------------------------------- Common Stock, no par value 1101/1913/0203 -D ~~M V 1~~4,~~604~~250 AD $517.0500 ~~5,708~~0(1) D(3) - --------------------------------------------------------------------------------------------------------------------------- Common Stock, no par value -01/13/03 -D -2,205 -D -17.00 ~~- -~~ 0(1~~,464~~) ID(4) *--------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------

Explanation of Responses: (1) Disposed of pursuant to a merger agreement between the issuer and First Indiana Corporation (2) By Donald F. Walter, Trust Account (3) By Donald F. Walter and Charles T. Walter as joint tenants (4) By Donald F. Walter, IRA account 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). Table II -- DERIVATIVE SECURITIES ACQUIRED, DISPOSED OF, OR BENEFICIALLY OWNED (e.g., puts, calls, warrants, options, convertible securities)

----------------------------------------------------------------------------------------------------------------------------------- 10. 9. Owner- Number ship of Deriv- Form ative of 5. 7. Secur- Deriv- 11. Number of Title and Amount ities ative Nature Derivative 6. of Underlying 8. Bene- Secur- of 2. 3a. 4. Securities Date Exer- Securities Price ficially ity: In- Conver- 3. Deemed Trans- Acquired (A) cisable and (Instr. 3 and 4) of Owned Direct direct sion or Trans- Execution action or Disposed Expiration Date ---------------- Deriv- Following (D) or Bene- 1. Exercise action Date, if Code of(D) (Month/Day/Year) Amount ative reported In- ficial Title of Price of Date any (Instr. (Instr. 3, ---------------- or Secur- Trans- direct Owner- Derivative Deri- (Month/ (Month/ 8) 4 and 5) Date Expira- Number ity action(s) (I) ship Security vative Day/ Day/ ------- ------------ Exer- tion of (Instr. (Instr. (Instr. (Instr. (Instr. 3) Security Year) Year) Code V (A) (D) cisable Date Title Shares 5) 4) 4) 4) ----------------------------------------------------------------------------------------------------------------------------------- Option to Common ~~Purchase~~purchase ~~$5.05 11~~01/1913/0203 -D ~~C - - 1~~30,~~604~~875 ~~12/10/92 12/09/02~~ Stock 130,~~604~~875 $(5~~.05~~) ~~31,514~~0 D - ----------------------------------------------------------------------------------------------------------------------------------- -----------------------------------------------------------------------------------------------------------------------------------

Explanation of Responses: (5) These options were canceled in the merger in exchange for a cash payment of $338,311.23 ,representing the difference between the conversion price of $17.00 per share of the Issuer's common stock (as specified in the merger agreement) and the exercise price of the options multiplied by the number of outstanding unexercised options. /s/ Donald F. Walter by Charles V. Turean, his Attorney-in-Fact January 17, 2003 --------------------------------------------- ---------------- **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). Note: File three copies of this Form, one of which must be manually signed. If space provided is insufficient, see Instruction 6 for procedure.

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