BURGER FRED P JR 4

4 · PARKVALE FINANCIAL CORP · Filed Jan 4, 2012

Insider Transaction Report

Form 4

Period: 2012-01-01

PARKVALE FINANCIAL CORPPVSA

BURGER FRED P JR

Director

Transactions

Disposition to Issuer
Common Stock
2012-01-01−109,500→ 0 total
Disposition to Issuer
Common Stock
2012-01-01−50,000→ 0 total(indirect: By Board Deferred Compensation Agreement dated 1/4/1982)
Disposition to Issuer
Stock Option (Right to Buy)
2012-01-01−2,000→ 0 total
Exercise: $24.48From: 2002-10-24Exp: 2012-10-24→ Common Stock (2,000 underlying)
Disposition to Issuer
Stock Option (Right to Buy)
2012-01-01−3,500→ 0 total
Exercise: $23.00From: 2003-01-03Exp: 2012-12-19→ Common Stock (3,500 underlying)

Footnotes (12)

[F1]Disposed of pursuant to the Agreement and Plan of Merger Between F.N.B. Corporation ("FNB") and the Issuer dated as of June 15, 2011 ("Merger Agreement") in exchange for 238,491 shares of FNB common stock having a market value of $11.31 per share on the effective date of the merger.
[F10]This option was assumed by FNB in the merger and replaced with an option to purchase 4,356 shares of FNB common stock for $6.89 per share.
[F11]This option was assumed by FNB in the merger and replaced with an option to purchase 4,356 shares of FNB common stock for $3.90 per share.
[F12]This option was assumed by FNB in the merger and replaced with an option to purchase 4,356 shares of FNB common stock for $3.45 per share.
[F2]Disposed of pursuant to the Merger Agreement in exchange for 108,900 shares of FNB common stock having a market value of $11.31 per share on the effective date of the merger.
[F3]This option was assumed by FNB in the merger and replaced with an option to purchase 4,356 shares of FNB common stock for $11.24 per share.
[F4]This option was assumed by FNB in the merger and replaced with an option to purchase 7,623 shares of FNB common stock for $10.56 per share.
[F5]This option was assumed by FNB in the merger and replaced with an option to purchase 4,356 shares of FNB common stock for $11.77 per share.
[F6]This option was assumed by FNB in the merger and replaced with an option to purchase 4,356 shares of FNB common stock for $12.30 per share.
[F7]This option was assumed by FNB in the merger and replaced with an option to purchase 4,356 shares of FNB common stock for $12.72 per share.
[F8]This option was assumed by FNB in the merger and replaced with an option to purchase 4,356 shares of FNB common stock for $14.61 per share.
[F9]This option was assumed by FNB in the merger and replaced with an option to purchase 4,356 shares of FNB common stock for $13.54 per share.

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