KNBT BANCORP INC 4

4 · KNBT BANCORP INC · Filed Jan 30, 2007

Form 4

Period: 2007-01-26

See Footnote (6)

Transactions

Award
Employee Stock Option (right to buy)
2007-01-26+5,000→ 5,000 total
Exercise: $16.40Exp: 2017-01-26→ Common Stock (5,000 underlying)
Award
Common Stock
2007-01-26$16.40/sh+5,000$82,000→ 143,719 total

Holdings

Employee Stock Option (right to buy)
Exercise: $16.56Exp: 2016-01-23→ Common Stock (10,000 underlying)
10,000
Common Stock
(indirect: ESOP)
1,345.498
Employee Stock Option (right to buy)
Exercise: $16.50Exp: 2014-05-06→ Common Stock (100,000 underlying)
100,000
Performance Share Award
Exp: 2011-01-23→ Common Stock (17,000 underlying)
17,000
Employee Stock Option (right to buy)
Exercise: $15.84Exp: 2015-01-24→ Common Stock (17,500 underlying)
17,500

Footnotes (5)

[F1]Reflects an award covering 5,000 shares pursuant to the 2004 Recognition and Retention Plan and Trust Agreement that will vest at a rate of 20% per year commencing on January 26, 2008.
[F2]Includes 60,000 shares held in the 2004 Recognition and Retention Plan Trust which reflect the unvested portion of an award covering 100,000 shares that commenced vesting at a rate of 20% per year on May 6, 2005.
[F3]Reflects allocation since the last filed report.
[F4]The options vest in five equal annual installments beginning on the first anniversary of the date of grant.
[F5]Each performance share award represents a contingent right to receive one share of KNBT Common Stock. The award vests on an installment basis over five years from the date of grant conditional upon the Issuer achieving certain performance goals other than stock price.

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