LNB BANCORP INC 4
4 · LNB BANCORP INC · Filed Feb 2, 2007
Insider Transaction Report
Form 4
LNB BANCORP INCLNBB
KLIMAS DANIEL E
President and CEO
Transactions
- Award
Option (Right to Buy)
2006-02-01+30,000→ 90,000 totalExercise: $16.00Exp: 2017-02-01→ LNB Bancorp, Inc. Common Shares (30,000 underlying)
Footnotes (1)
- [F1]The option vests with respect to 10,000 common shares on each of the first three anniversaries of the date of grant. The option was granted pursuant to Rule 16b-3(d) in accordance with the terms of an employment agreement between the issuer and the reporting person which was previously disclosed in a Form 8-K filed by the issuer with the SEC on February 2, 2005.