NBT BANCORP INC — Director's Dealing 2015

Oct 29, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: NBT BANCORP INC (NBTB)
CIK: 0000790359
Period of Report: 2015-10-28

Reporting Person: RAVEN DAVID E (President of Retail Banking)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-28	NBT Bancorp Inc. Common Stock	M	19000.0	$25.762	Acquired	54048.032	Direct
2015-10-28	NBT Bancorp Inc. Common Stock	S	19000.0	$28.5	Disposed	35048.032	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-28	Non-Qualified Stock Option (right to buy)	$25.762	M	19000.0	Disposed	2017-01-01	NBT Bancorp Inc. Common Stock (19000)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
NBT Bancorp Inc. Common Stock	25235.8379	Indirect
NBT Bancorp Inc. Common Stock	3207.9817	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Qualified Stock Option (right to buy)	$20.19	2020-01-15	NBT Bancorp Inc. Common Stock (18000)	18000	Direct
Non-Qualified Stock Option (right to buy)	$20.3617	2018-01-15	NBT Bancorp Inc. Common Stock (17000)	17000	Direct
Non-Qualified Stock Option (right to buy)	$25.38	2019-01-15	NBT Bancorp Inc. Common Stock (18000)	18000	Direct

Footnotes

F1: Pursuant to NBT Bancorp Inc. 1993 Stock Option Plan grant vests 40% for first year, 20% annually for following years.

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