X0201 4 2003-12-16 0 0001063942 GOUVERNEUR BANCORP INC GOV 0001211055 MONROE TIMOTHY J 42 CHURCH STREET PO BOX 297 GOVENEUR NY 13642-0297 1 0 0 0 COMMON STOCK 2003-12-16 4 X 0 1125 4.75 A 6050 D OPTION TO PURCHASE 4.75 2003-12-16 4 M 0 1125 0 A 2002-10-27 2009-10-27 COMMON STOCK 4500 2250 D DIRECTOR EXERCISED 1,125 OF OF VESTED OPTIONS TO PURCHASE COMMON STOCK. D 5,690 I 360 BY MANAGEMENT RECOGNITION PLAN D 1,350 I 900 BY PLAN 20% OF THE OPTIONS AWARDED, VESTED AND WERE EXERCISABLE ON EACH OF OCTOBER 27, 2000, 2001, 2002 AND 2003, AND AN EQUAL AMOUNT WILL VEST ON OCTOBER 27, 2004. TIMOTHY J. MONROE 2003-12-19