PETTINELLI NANCY L 4
4 · MASSBANK CORP · Filed Jan 18, 2006
Insider Transaction Report
Form 4
MASSBANK CORPMASB
PETTINELLI NANCY L
Director
Transactions
- Other
Option (right to buy)
2006-01-17$32.80/sh+1,000$32,800→ 1,000 totalExercise: $32.80From: 2007-01-17Exp: 2016-01-16→ common (1,000 underlying) - Award
Phantom stock
2006-01-17$32.80/sh+30.488$1,000→ 1,121.473 totalExercise: $32.80→ common stock (30.488 underlying)
Footnotes (4)
- [F1]Grant of stock option under the MASSBANK Corp. Stock Option Plan
- [F2]Vesting over 5 years with 200 shares vested each anniversary year beginning 01/17/2007.
- [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 her termination or death or upon a change of control of the Issuer