X0202 4 2007-01-09 0 0000799166 MASSBANK CORP MASB 0001134600 BRANDI GERARD H C/O MASSBANK CORP 123 HAVEN STREET READING MA 01867 1 1 0 0 President, Chairman & CEO common stock 2007-01-09 4 J 0 5000 20.0625 A 241219.3702 D Option (right to buy) 20.0625 2007-01-09 4 J 0 5000 20.0625 D 1997-01-21 2007-01-20 common stock 5000 0 D Exercise of stock option granted under the MASSBANK Corp. Stock Option & Incentive Plan Includes 28,908.0142 shares owned indirectly by Gerard H. Brandi under the MASSBANK Employee Stock Ownership Plan (ESOP). Also includes 18,564.883 shares of common stock of MASSBANK Corp. stock owned by Mr. Brandi's spouse, to which Mr. Brandi disclaims beneficial ownership. This report shall not be deemed an admission that Mr. Brandi is the beneficial owner of these shares. Also includes 1,478.742 shares of common stock of MASSBANK Corp. stock owned indirectly by Mr. Brandi as custodian for minors. Gerard H. Brandi 2007-01-11