SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
RAUSCH RICHARD L

(Last) (First) (Middle)
100 LIBERTY STREET

(Street)
WARREN PA 16365

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NORTHWEST BANCORP INC [ NWSB ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr. V.P., Human Resources
3. Date of Earliest Transaction (Month/Day/Year)
05/26/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Northwest Bancorp, Inc. Common Stock 05/26/2006 05/26/2006 X 2,244 A $9.78 6,564 D
Northwest Bancorp, Inc. Common Stock 05/26/2006 05/26/2006 F 864(1) D $25.26 5,700 D
Northwest Bancorp, Inc. Common Stock 566.0227 I ESOP Plan
Northwest Bancorp, Inc. Common Stock 1,037.142 I 401-K Plan
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option Plan (Right to Buy) $9.78 05/26/2006 05/26/2006 X 2,244 10/18/2001 10/17/2011 Northwest Bancorp, Inc. 2,244 $9.78 1,056 D
Option Plan (Right to Buy) $13.302 08/21/2002 08/21/2012 Northwest Bancorp, Inc. 2,550 2,550 D
Option Plan (Right to Buy) $16.59 08/20/2003 08/20/2013 Northwest Bancorp, Inc. 5,100 5,100 D
Option Plan (Right to Buy) $25.49 12/15/2004 12/15/2014 Northwest Bancorp, Inc. 5,100 5,100 D
Option Plan (Right to Buy) $22.93 01/19/2006 01/19/2015 Northwest Bancorp, Inc. 3,000 3,000 D
Option Plan (Right to Buy) $22.18 01/18/2007 01/18/2016 Northwest Bancorp, Inc. 4,500 4,500 D
Explanation of Responses:
1. Mr. Rausch constructively exchanged 864 shares in order to exercise 2,244 stock options. The number of shares issued was 1,380.
Remarks:
Richard L. Rausch 05/30/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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