X0304 4 2012-01-25 1 0000788885 PENNICHUCK CORP pnnw 0001247374 WARE DONALD L C/O PENNICHUCK CORPORATION 25 MANCHESTER STREET MERRIMACK NH 03054 0 1 0 0 President Regulated Utilities Common Stock 2012-01-25 4 D 0 610 29 D 0 D Stock Option (right to buy) 20.14 2012-01-25 4 D 0 5333 0 D 2003-10-03 2013-10-03 Common Stock 5333 0 D Stock Option (right to buy) 21.24 2012-01-25 4 D 0 5333 0 D 2004-01-23 2014-01-23 Common Stock 5333 0 D Stock Option (right to buy) 17.64 2012-01-25 4 D 0 1667 0 D 2019-01-28 Common Stock 1667 0 D Stock Option (right to buy) 20.11 2012-01-25 4 D 0 4524 0 D 2020-01-27 Common Stock 4524 0 D Each share has been converted into the right to receive $29.00 per share (the "Merger Consideration"), pursuant to the Agreement andd 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 receive a cash per share payment equal to the product of (x) the excess, if any, of the Merger Consideration over the applicable exercuse price of such option and (y) the number of shares ofthe Issuer's common stock issuable upon exercise of the option 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/ Donald L. Ware 2012-01-26