U.S. SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549

FORM 5
ANNUAL STATEMENT OF CHANGES 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.

1.  Name and Address of Reporting Person:  Gerald Shencavitz, 3
Cobbles End, Mount Desert, ME 04660

2.  Issuer Name and Tickler or Trading Symbol:  Bar Harbor
Bankshares, CUSIP No. 066849100

3.  IRS or Social Security Number of Reporting Person
(Voluntary):  Not provided

4.  Statement for Month/Year:  December 2001

5.  If Amendment, Date of Original:  NA

6.  Relationship of Reporting Person to Issuer:  Officer.  Senior
Vice President, Chief Financial Officer, Chief Operating
Officer




Table 1:  Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned

Title of
Security
Tran
Date
Tran
Code
Securities Acquired
(A)
or Disposed of (d)
Amount     A/D
Price
Amount
of
Securit
ies
Ownersh
ip
Form
Nature
of
Ownersh
ip









Bar Harbor
Bankshares
Common Stock





301
D










Bar Harbor
Bankshares
Common Stock
12/20/
01

3,462.
25
A
16.90
200
D






Table 1:  Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of
Derivative
Security
Conver
-sion
or
Exerci
se
Price
of
Deriv-
ative
Securi
ty
Trans
Date
Tra
ns
Cod
e
Number of
Derivative
Securities
Acquired
(A) or
Disposed
of (D)
Date Exercisable
and Expiration
Date (Month/Day/
Year)
Title and Amount
of Underlying
Securities
Price
of
Der-
Ivati
ve
Secur
-
ity

Number
of
Deriv-
ative
Securit
ies
Bene-
ficiall
y Owned
at End
of Year
Owner-
ship
of
Deriv-
ative
Secur-
ity:
Direct
or
Indire
ct
Na-
ture
of In-
direct
own-
ership



















(A)

(D)
Date
Exer-
cisable
Expira-
tion
Date

Title
Amt
or
Numbe
r of
Share
s




Incentive
Stock
Option
15.40
6/20/01
A
2,148

6/20/02
6/20/12
Bar Harbor
Bankshares
Common
Stock
2,148
*
2,148
D

Incentive
Stock
Option
15.40
6/20/01
A
2,142

6/20/03
6/20/12
Bar Harbor
Bankshares
Common
Stock
2,142
*
2,142
D

Incentive
Stock
Option
15.40
6/20/01
A
2,142

6/20/04
6/20/12
Bar Harbor
Bankshares
Common
Stock
2,142
*
2,142
D

Incentive
Stock
Option
15.40
6/20/01
A
2,142

6/20/05
6/20/12
Bar Harbor
Bankshares
Common
Stock
2,142
*
2,142
D

Incentive
Stock
Option
15.40
6/20/01
A
2,142

6/20/06
6/20/12
Bar Harbor
Bankshares
Common
Stock
2,142
*
2,142
D

Incentive
Stock
Option
15.40
6/20/01
A
2,142

6/20/07
6/20/12
Bar Harbor
Bankshares
Common
Stock
2,142
*
2,142
D

Incentive
Stock
Option
15.40
6/20/01
A
2,142

6/20/08
6/20/12
Bar Harbor
Bankshares
Common
Stock
2,142
*
2,142
D


*Grant of Incentive Stock Options to acquire Bar Harbor Bankshares common stock
 under Bar Harbor Bankshares (and subsidiaries) Incentive Stock Option Plan
of 2000.