KNELLER HERBERT C 4
4 · North Penn Bancorp Inc · Filed Jun 2, 2011
Insider Transaction Report
Form 4
KNELLER HERBERT C
Director
Transactions
- Disposition to Issuer
Common Stock
2011-05-31−1,849→ 0 total - Disposition to Issuer
Common Stock
2011-05-31−1,093→ 0 total(indirect: By Stock Award) - Disposition to Issuer
Stock Option (right to buy)
2011-05-31−1,500→ 0 totalExercise: $9.55From: 2011-08-24Exp: 2020-08-24→ Common Stock (1,500 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-05-31−1,137→ 0 totalExercise: $9.00From: 2010-11-04Exp: 2019-11-04→ Common Stock (1,137 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-05-31−40→ 0 totalExercise: $9.96From: 2008-10-23Exp: 2017-10-23→ Common Stock (40 underlying) - Disposition to Issuer
Stock Option (right to buy)
2011-05-31−122→ 0 totalExercise: $8.25From: 2009-05-28Exp: 2018-05-28→ Common Stock (122 underlying)
Footnotes (2)
- [F1]Pursuant to the Agreement and Plan of Merger, dated as of December 14, 2010, by and between Norwood Financial Corp. and North Penn Bancorp, Inc., each share of North Penn Bancorp, Inc. common stock was converted into and exchanged for $19.12 in cash or 0.6829 shares of Norwood Financial Corp. common stock or a combination thereof.
- [F2]Pursuant to the Agreement and Plan of Merger, dated December 14, 2010, by and between Norwood Financial Corp. and North Penn Bancorp, Inc., each option to acquire a share of North Penn Bancorp, Inc. common stock was cancelled immediately prior to the effective date of the Merger of North Penn Bancorp, Inc. with and into Norwood Financial Corp. in exchange for cash in an amount equal to the difference between $19.12 and the exercise price per share of the option.