X0202 4 2007-11-29 0 0000799166 MASSBANK CORP MASB 0001235384 MARSHALL STEPHEN E C/O MASSBANK 123 HAVEN STREET READING MA 01867 1 0 0 0 common stock 2007-11-29 4 J 0 1500 29.50 A 2844.99 D common stock 2007-11-29 4 S 0 1500 36.00 D 1344.99 D Option (right to buy) 29.50 2007-11-29 4 J 0 1500 29.50 D 1998-01-20 2008-01-20 common stock 1500 0 D Exercise of stock option granted under the MASSBANK Corp. Stock Option & Incentive Plan Also includes includes 219.99 shares owned directly by Mr. Marshall, which includes: 1.79 shares acquired 02/16/07 at $33.2933 per share; 1.822 shares acquired 05/18/07 at $32.98 per share; 1.775 shares acquired 08/16/07 at $34.1377 per share; and 1.739 shares acquired 11/15/07 at $36.39 per share; additionally, 6.84 shares acquired in calender year 2006, and 6.143 shares acquired in calendar year 2005, all pursuant to the reinvestment of dividends under the MASSBANK Corp Dividend Reinvestment Plan. Stephen E. Marshall 2007-11-29