X0306 4 2015-08-14 1 0000737210 LNB BANCORP INC LNBB 0001588918 Bickerton Michael LORAIN NATIONAL BANK 457 BROADWAY LORAIN OH 44052 0 1 0 0 Sr. V.P. Chief Credit Officer LNB Bancorp, Inc. Common Stock 2015-08-14 4 D 0 10000 D 0 D LNB Bancorp, Inc. Common Stock 2015-08-14 4 D 0 846 D 0 I By 401(k) Plan Stock Option (Right to Buy) 11.03 2015-08-14 4 D 0 12000 0.00 D 2024-05-20 Common Stock 12000 0 D Under the Agreement and Plan of Merger ("Merger Agreement"), dated December 15, 2014, between Northwest Bancshares, Inc. ("Northwest") and LNB Bancorp, Inc. ("LNB"), the holder has the right to elect to receive consideration of either 1.461 shares of Northwest common stock or $18.70 in cash for each LNB common share, subject to proration to ensure that, in the aggregate, 50% of LNB's common shares will be converted into Northwest stock. No fractional shares of Northwest common stock will be issued, and the cash in lieu amount will be determined by multiplying such fractional share amount by $12.66. As of the date of this Form 4, the calculations related to the election and proration procedures set forth in the Merger Agreement have not been completed. Accordingly, it is not possible at this time to determine the form of merger consideration to be received by the Reporting Person. This option, which provided for vesting in three equal annual installments beginning May 20, 2015, was exchanged in the merger for a cash payment of $92,040 representing the difference between $18.70 and the exercise price of such LNB stock option. /s/Michael Bickerton, by James Nicholson as attorney-in-fact, pursuant to Power of Attorney 2015-08-19