X0306 4 2013-05-31 0000846901 LAKELAND BANCORP INC LBAI 0001238833 DEUTSCH EDWARD B C/O LAKELAND BANCORP, INC. 250 OAK RIDGE ROAD OAK RIDGE NJ 07438 1 0 0 0 Common Stock 2013-05-31 4 A 0 54899 A 54899 D Common Stock 2013-05-31 4 A 0 88803 A 88803 I By grantor retained annuity trust Stock Option (right to buy) 8.07 2013-05-31 4 A 0 8015 A 2013-05-31 2014-04-01 Common Stock 8015 8015 D Stock Option (right to buy) 7.76 2013-05-31 4 A 0 7634 A 2013-05-31 2015-04-01 Common Stock 7634 7634 D Stock Option (right to buy) 8.22 2013-05-31 4 A 0 2392 A 2013-05-31 2021-02-02 Common Stock 2392 2392 D Stock Option (right to buy) 6.56 2013-05-31 4 A 0 2093 A 2013-05-31 2021-10-25 Common Stock 2093 2093 D Stock Option (right to buy) 7.16 2013-05-31 4 A 0 3588 A 2013-05-31 2022-10-23 Common Stock 3588 3588 D Director Stock Option (right to buy) 9.91 2013-05-31 4 A 0 25000 0 A 2023-05-30 Common Stock 25000 25000 D Represents (a) 32,393 shares of common stock of Lakeland Bancorp, Inc., no par value ("Lakeland Common Stock") which were received by Mr. Deutsch in exchange for 27,080 shares of common stock of Somerset Hills Bancorp, no par value ("Somerset Hills Common Stock"), formerly held by him, and (b) 22,506 shares of Lakeland Common Stock which were received jointly by Mr. Deutsch and his spouse in exchange for 18,815 shares of Somerset Hills Common Stock formerly held jointly by them, in each case in connection with the merger of Somerset Hills Bancorp into Lakeland Bancorp, Inc. (the "Merger"). These shares of Lakeland Common Stock, were received in exchange for 74,238 shares of Somerset Hills Common Stock in connection with the Merger. On the effective date of the Merger, the closing price of Somerset Hills Common Stock was $12.07 per share, and the closing price of Lakeland Common Stock was $9.91 per share. Pursuant to the terms of the Merger, each share of Somerset Hills Common Stock was converted into, at the election of the holder, either 1.1962 shares of Lakeland Common Stock or $12.00 in cash, subject to proration, so that 90% of the aggregate Merger consideration consisted of shares of Lakeland Common Stock and 10% consisted of cash. Received in the Merger in exchange for stock option to acquire 6,701 shares of Somerset Hills Common Stock for $9.65 per share. Received in the Merger in exchange for stock option to acquire 6,382 shares of Somerset Hills Common Stock for $9.28 per share. Received in the Merger in exchange for stock option to acquire 2,000 shares of Somerset Hills Common Stock for $9.83 per share. Received in the Merger in exchange for stock option to acquire 1,750 shares of Somerset Hills Common Stock for $7.85 per share. Received in the Merger in exchange for stock option to acquire 3,000 shares of Somerset Hills Common Stock for $8.57 per share. In connection with Mr. Deutsch's appointment to the Lakeland Bancorp, Inc. Board of Directors, these stock options were granted pursuant to the Lakeland Bancorp, Inc. 2009 Equity Compensation Program, vesting in 20% annual installments beginning on the grant date. /s/ Edward B. Deutsch, Harry Cooper, Attorney-in-Fact 2013-06-03