X0306 4 2016-01-15 1 0001493552 Naugatuck Valley Financial Corp NVSL 0001026081 SEIDMAN LAWRENCE B 100 MISTY LANE PARSIPPANY NJ 07054 1 Common Stock 2016-01-15 4 D 0 22400.0000 0 D 0.0000 I By 2514 Multi-Strategy Fund LP Common Stock 2016-01-15 4 D 0 18750.0000 0 D 0.0000 I By 401(k) Plan Common Stock 2016-01-15 4 D 0 28700.0000 0 D 0.0000 I By Broad Park Investors LLC Common Stock 2016-01-15 4 D 0 20800.0000 0 D 0.0000 I By CBPS LLC Common Stock 2016-01-15 4 D 0 22900.0000 0 D 0.0000 I By LSBK06-08 LLC Common Stock 2016-01-15 4 D 0 51400.0000 0 D 0.0000 I By Seidman & Associates LLC Common Stock 2016-01-15 4 D 0 38300.0000 0 D 0.0000 I By Seidman Investment Partnership II LP Common Stock 2016-01-15 4 D 0 7600.0000 0 D 0.0000 I By Seidman Investment Partnership III LP Common Stock 2016-01-15 4 D 0 35800.0000 0 D 0.0000 I By Seidman Investment Partnership LP Common Stock 2016-01-15 4 D 0 18750.0000 0 D 0.0000 I By Spouse Disposed of pursuant to the merger agreement between the issuer and Liberty Bank for $246,400 having a market value of $11.00 per share on the effective date of the merger. Disposed of pursuant to the merger agreement between the issuer and Liberty Bank for $206,250 having a market value of $11.00 per share on the effective date of the merger. Disposed of pursuant to the merger agreement between the issuer and Liberty Bank for $315,700 having a market value of $11.00 per share on the effective date of the merger. Disposed of pursuant to the merger agreement between the issuer and Liberty Bank for $228,800 having a market value of $11.00 per share on the effective date of the merger. Disposed of pursuant to the merger agreement between the issuer and Liberty Bank for $251,900 having a market value of $11.00 per share on the effective date of the merger. Disposed of pursuant to the merger agreement between the issuer and Liberty Bank for $565,400 having a market value of $11.00 per share on the effective date of the merger. Disposed of pursuant to the merger agreement between the issuer and Liberty Bank for $421,300 having a market value of $11.00 per share on the effective date of the merger. Disposed of pursuant to the merger agreement between the issuer and Liberty Bank for $83,600 having a market value of $11.00 per share on the effective date of the merger. Disposed of pursuant to the merger agreement between the issuer and Liberty Bank for $393,800 having a market value of $11.00 per share on the effective date of the merger. /s/ Aaron M. Kaslow, Power of Attorney 2016-01-15