NBT BANCORP INC — Director's Dealing 2013

Nov 25, 2013

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NBT BANCORP INC (NBTB)
CIK: 0000790359
Period of Report: 2013-11-21

Reporting Person: CHEWENS MICHAEL J (Sr EVP & CFO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2013-11-21	NBT Bancorp Inc. Common Stock	M	18000	$20.3617	Acquired	62920	Direct
2013-11-21	NBT Bancorp Inc. Common Stock	S	18000	$24.95	Disposed	44920	Direct
2013-11-21	NBT Bancorp Inc. Common Stock	M	14400	$20.19	Acquired	59320	Direct
2013-11-21	NBT Bancorp Inc. Common Stock	S	14400	$24.95	Disposed	44920	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2013-11-21	Non-Qualified Stock Option (right to buy)	$20.19	M	14400	Disposed	2020-01-15	NBT Bancorp Inc. Common Stock (14400)	Direct
2013-11-21	Non-Qualified Stock Option (right to buy)	$20.3617	M	18000	Disposed	2018-01-15	NBT Bancorp Inc. Common Stock (18000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NBT Bancorp Inc. Common Stock	14355.939	Indirect
NBT Bancorp Inc. Common Stock	3922.861	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$22.352	2016-01-01	NBT Bancorp Inc. Common Stock (22000)	22000	Direct
Non-Qualified Stock Option (right to buy)	$23.2708	2015-01-20	NBT Bancorp Inc. Common Stock (17507)	17507	Direct
Non-Qualified Stock Option (right to buy)	$25.38	2019-01-15	NBT Bancorp Inc. Common Stock (18000)	18000	Direct
Non-Qualified Stock Option (right to buy)	$25.762	2017-01-01	NBT Bancorp Inc. Common Stock (20000)	20000	Direct

Footnotes

F1: Pursuant to NBT Bancorp Inc. Omnibus Stock Option Agreement the grant vests 40% for first year, 20% annually for following years.

F2: Pursuant to NBT Bancorp Inc. 1993 Stock Option Plan grant vests 40% for first year, 20% annually for following years.