4//SEC Filing
KNBT BANCORP INC 4
Accession 0001236964-08-000043
CIK 0001236964operating
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 4:18 PM ET
Size
20.8 KB
Accession
0001236964-08-000043
Insider Transaction Report
Form 4
KNBT BANCORP INCKNBT
KENNEDY DAVID B
See Footnote (1)
Transactions
- Disposition to Issuer
Common Stock
2008-02-01−1,428.853→ 0 total(indirect: ESOP) - Disposition to Issuer
Common Stock
2008-02-01−5,231→ 0 total(indirect: By IRA) - Disposition to Issuer
Employee Stock Option (right to buy)
2008-02-01−3,000→ 0 totalExercise: $16.40From: 2008-01-26Exp: 2017-01-26→ Common Stock (3,000 underlying) - Disposition to Issuer
Common Stock
2008-02-01−1,952→ 0 total - Disposition to Issuer
Employee Stock Option (right to buy)
2008-02-01−7,500→ 0 totalExercise: $15.84From: 2006-01-24Exp: 2015-01-24→ Common Stock (7,500 underlying) - Disposition to Issuer
Employee Stock Option (right to buy)
2008-02-01−25,000→ 0 totalExercise: $16.50From: 2005-05-06Exp: 2014-05-06→ Common Stock (25,000 underlying) - Disposition to Issuer
Performance Share Award
2008-02-01−9,000→ 0 totalExp: 2011-05-04→ Common Stock (9,000 underlying)
Footnotes (6)
- [F1]Pusurant to the merger between KNBT Bancorp, Inc. (the "Issuer") and National Penn Bancshares ("NPBC") each share of the Issuer's common stock was converted to the right to receive 1.03 shares of NPBC common stock according to the provisions of the merger agreement.
- [F2]The option which originally would vest over 5 years commencing on May 6, 2005 became fully exercisable on February 1, 2008 and was converted into an option to acquire 25,750 shares of NPBC common stock at $16.02 per share.
- [F3]The option which originally would vest over 5 years commencing on January 24, 2006 became fully exercisable on February 1, 2008 and was converted into an option to acquire 7,725 shares of NPBC common stock at $15.38 per share.
- [F4]The option which originally would vest over 5 years commencing on January 23, 2007 became fully exercisable on February 1, 2008 and was converted into an option to acquire 7,725 shares of NPBC common stock at $16.08 per share.
- [F5]The option which originally would vest over 5 years commencing on January 26, 2008 became fully exercisable on February 1, 2008 and was converted into an option to acquire 3,090 shares of NPBC common stock at $15.93 per share.
- [F6]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. Such award was cancelled in connection with the merger.
Documents
Issuer
KNBT BANCORP INC
CIK 0001236964
Entity typeoperating
IncorporatedPA
Related Parties
1- filerCIK 0001236964
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 4:18 PM ET
- Size
- 20.8 KB