X0304 4 2012-01-25 1 0000788885 PENNICHUCK CORP pnnw 0001243393 LEONARD THOMAS C C/O PENNICHUCK CORPORATION 25 MANCHESTER STREET MERRIMACK NH 03054 0 1 0 0 CFO & Treasurer Common Stock 2012-01-25 4 D 0 12865 29 D 0 D Stock Option (right to buy) 22.22 2012-01-25 4 D 0 6000 0 D 2011-07-07 2018-07-07 Common Stock 6000 0 D Stock Option (right to buy) 17.64 2012-01-25 4 D 0 1403 0 D 2019-01-28 Common Stock 1403 0 D Stock Option (right to buy) 20.11 2012-01-25 4 D 0 5000 0 D 2020-01-27 Common Stock 5000 0 D Each share has been converted into the right to receive $29.00 per share (the "Merger Consideration"), pursuant to he Agreement and Plan of Merger, dated November 11, 2010, by and among Pennichuck Corporation, The City of Nashua, New Hampshire and Nashua Water Acquisition Corporation. Each option was cancelled and converted into the right to recieve a cash per ahare payment equal to the product of (x) the excess, if any, of the Merger Consideration over the applicable exercise price of such opion and (y) the number of shares ofthe Issuer's common stock issuable upon exercise less any applicable withholding taxes. The grants vested, or otherwise would have vested, in equal amounts on 01/28/2010, 01/28/2011 and 01/28/2012. The grants vested, or otherwise would have vested, in equal amounts on 01/27/2011, 01/27/2012 and 01/27/2013. /s/ Thomas C. Leonard 2012-01-26