MASSBANK CORP 4
4 · MASSBANK CORP · Filed Feb 11, 2005
Insider Transaction Report
Form 4
MASSBANK CORPMASB
BEDELL MATHIAS B
Director
Transactions
- Exercise/Conversion
common stock
2005-02-07+11,435.524→ 36,700.524 total - Exercise/Conversion
Phantom stock
2005-02-07−11,435.524→ 0 total→ common (11,435.524 underlying) - Disposition to Issuer
common stock
2005-02-07$37.17/sh−11,435.524$425,058→ 25,265 total
Footnotes (4)
- [F1]Shares of stock purchased at various dates and prices per share during the past several years under the Directors Deferred Compensation Plan, as previously reported on applicable Forms 4s filed with the SEC.
- [F2]Includes 5,526.000 shares of common stock of MASSBANK Corp. stock owned by Mr. Bedell's spouse, to which Mr. Bedell disclaims beneficial ownership. This report shall not be deemed an admission that Mr. Bedell is the beneficial owner of these shares.
- [F3]Cash-only security issued pursuant to the Directors' Deferred Compensation Plan
- [F4]The shares of phantom stock become payable in shares of common stock of the Issuer upon the reporting person attaining the age of 72, or his termination or death or upon a change of control of the Issuer. On December 31, 2004, the reporting person attained the age of 72.