4//SEC Filing
KOVACS CARL F 4
Accession 0001236964-08-000045
CIK 0001236964other
Filed
Feb 4, 7:00 PM ET
Accepted
Feb 5, 4:23 PM ET
Size
25.6 KB
Accession
0001236964-08-000045
Insider Transaction Report
Form 4
KNBT BANCORP INCKNBT
KOVACS CARL F
See Footnote (6)
Transactions
- 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
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
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)
2008-02-01−4,858→ 0 totalExercise: $5.78From: 2003-10-31Exp: 2012-01-22→ Common Stock (4,858 underlying) - Disposition to Issuer
Common Stock
2008-02-01−1,124.021→ 0 total(indirect: ESOP) - Disposition to Issuer
Employee Stock Option (right to buy)
2008-02-01−9,250→ 0 totalExercise: $6.44From: 2003-10-31Exp: 2013-01-16→ Common Stock (9,250 underlying) - Disposition to Issuer
Common Stock
2008-02-01−1,030→ 0 total(indirect: By IRA) - Disposition to Issuer
Common Stock
2008-02-01−1,952→ 0 total - Disposition to Issuer
Performance Share Award
2008-02-01−6,000→ 0 totalExp: 2011-05-04→ Common Stock (6,000 underlying)
Footnotes (8)
- [F1]Pursuant 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]Received in the merger of First Colonial Group, Inc. into the Issuer in exchange for a stock option to acquire shares of First Colonial common stock. February 1, 2008 converted into an option to acquire 9,527 shares of NPBC common stock at $6.253 per share.
- [F3]Received in the merger of First Colonial Group, Inc. into the Issuer in exchange for a stock option to acquire shares of First Colonial common stock. February 1, 2008 converted into an option to acquire 5,003 shares of NPBC common stock at $5.61 per share.
- [F4]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.
- [F5]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.
- [F6]The option which originally would vest over 5 years commencing on January 23, 2007 became fully exercisable on Feburary 1, 2008 and was converted into an option to acquire 7,725 shares of NPBC common stock at $16.08 per share.
- [F7]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.
- [F8]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 typeother
Related Parties
1- filerCIK 0001247018
Filing Metadata
- Form type
- 4
- Filed
- Feb 4, 7:00 PM ET
- Accepted
- Feb 5, 4:23 PM ET
- Size
- 25.6 KB