Kovalcheck Frank 4

4 · ABINGTON BANCORP, INC./PA · Filed Jul 7, 2009

Form 4

Period: 2009-07-05

Senior Vice President

Transactions

Holdings

Employee Stock Option (Right to Buy)
Exercise: $9.11Exp: 2018-01-30→ Common Stock (105,000 underlying)
105,000
Common Stock
(indirect: By Deferred Compensation Plan)
8,835
Common Stock
(indirect: By Spouse)
15,691
Common Stock
(indirect: By ESOP)
7,852
Employee Stock Option (Right to Buy)
Exercise: $7.51Exp: 2015-07-05→ Common Stock (93,600 underlying)
93,600
Common Stock
(indirect: By 401(k))
13,526

Footnotes (7)

[F1]Disposition solely to meet tax obligation for distribution from recognition and retention plan.
[F2]Includes 5,600 shares held in the 2005 Recognition and Retention Plan Trust which reflect the unvested portion of a grant amount originally covering 28,000 shares of Abington Community Bancorp, Inc. common stock, as adjusted for the reorganization completed on June 27, 2007, that commenced vesting at a rate of 20% per year on July 5, 2006 and 25,200 shares held in the 2007 Recognition and Retention Plan Trust which reflect the unvested portion of a grant amount originally covering 31,500 shares that commenced vesting at a rate of 20% per year on January 30, 2009.
[F3]Includes 12,288 shares held jointly with the reporting person's spouse.
[F4]The reporting person disclaims beneficial ownership of these securities and this report shall not be deemed an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
[F5]Includes 2,206 shares allocated to the reporting person's account in the ESOP since the last filed report.
[F6]The options are vesting at a rate of 20% per year commencing on January 30, 2009.
[F7]The options are vesting at a rate of 20% per year commencing on July 5, 2006.

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