NORTHEAST PENNSYLVANIA FINANCIAL CORP 4

Accession 0000909654-05-001245

CIK 0001050996operating

Filed

May 19, 8:00 PM ET

Accepted

May 20, 10:21 AM ET

Size

25.3 KB

Accession

0000909654-05-001245

Form 4

Period: 2005-05-19

DirectorChair. of Board & Gen. Counsel

Transactions

Disposition to Issuer
Common Stock
2005-05-19−834→ 0 total(indirect: By 401(k))
Disposition to Issuer
Common Stock
2005-05-19−8,750→ 0 total(indirect: By Spouse)
Disposition to Issuer
Non-Qualified Stock Option (right-to-buy)
2005-05-19−3,000→ 0 total
Exercise: $15.44From: 2003-01-28Exp: 2013-01-28→ Common Stock (3,000 underlying)
Disposition to Issuer
Stock Option (right-to-buy)
2005-05-19−5,000→ 0 total
Exercise: $17.86From: 2005-03-02Exp: 2014-03-02→ Common Stock (5,000 underlying)
Disposition to Issuer
Common Stock
2005-05-19−2,455→ 0 total(indirect: By 401(k))
Disposition to Issuer
Non-Qualified Stock Option (right-to-buy)
2005-05-19−2,650→ 0 total
Exercise: $16.95From: 2001-12-18Exp: 2011-12-18→ Common Stock (2,650 underlying)
Disposition to Issuer
Common Stock
2005-05-19−7,637.048→ 0 total(indirect: By 401(k))
Disposition to Issuer
Common Stock
2005-05-19−10,475.21→ 0 total(indirect: By ESOP)
Disposition to Issuer
Common Stock
2005-05-19−88,933→ 0 total
Disposition to Issuer
Non-Qualified Stock Option (right-to-buy)
2005-05-19−144,616→ 0 total
Exercise: $11.75From: 1999-10-27Exp: 2008-10-27→ Common Stock (144,616 underlying)
Disposition to Issuer
Non-Qualified Stock Option (right-to-buy)
2005-05-19−7,500→ 0 total
Exercise: $10.37From: 2000-11-16Exp: 2009-11-16→ Common Stock (7,500 underlying)

Footnotes (4)

[F1]Since the reporting person's last report 2,000 shares previously held through Stock Award have vested and are now owned directly.
[F2]Pursuant to the Agreement and Plan of Merger between KNBT Bancorp, Inc. and Northeast Pennsylvania Financial Corp., dated December 8, 2004, each share of Northeast Pennyslvania Financial Corp. common stock was exchanged for $23.00 in cash or shares of KNBT Bancorp, Inc. common stock, in accordance with the reporting person's election and the allocation and proration procedures contained in the Agreement and Plan of Merger.
[F3]This form reflects increases in beneficial ownership resulting from exempt acquisitions pursuant to Rule 16b-3(c).
[F4]Pursuant to the Agreement and Plan of Merger between KNBT Bancorp, Inc. and Northeast Pennsylvania Financial Corp., dated December 8, 2004, each option to purchase a share of Northeast Pennyslvania Financial Corp. common stock was converted into the right to receive a lump sum cash paymnent, subject to applicable withholding taxes, equal to $23.00 less the applicable exercise price of each option. All such options became fully vested and exercisable in connection with the change in control.

Documents

1 file

NORTHEAST PENNSYLVANIA FINANCIAL CORP

CIK 0001050996

Entity typeoperating

IncorporatedDE