KENNEDY THOMAS L 4
4 · KNBT BANCORP INC · Filed Feb 5, 2008
Insider Transaction Report
Form 4
KNBT BANCORP INCKNBT
KENNEDY THOMAS L
Director
Transactions
- Disposition to Issuer
Stock Option (right to buy)
2008-02-01−2,500→ 0 totalExercise: $16.56From: 2007-01-23Exp: 2016-01-23→ Common Stock (2,500 underlying) - Disposition to Issuer
Common Stock
2008-02-01−26,179→ 0 total(indirect: By IRA) - Disposition to Issuer
Common Stock
2008-02-01−15,634→ 0 total(indirect: by profit sharing plan) - Disposition to Issuer
Common Stock
2008-02-01−108,336→ 0 total - Disposition to Issuer
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
2008-02-01−14,715→ 0 total(indirect: By Spouse)
Footnotes (3)
- [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]The option which originally would vest over five years commencing 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.
- [F3]The option which originally would vest over five years commencing January 23, 2007 became fully exercisable on February 1, 2008 and was converted into an option to acquire 2,575 shares of NPBC common stock at $16.08 per share.