X0202 4 2006-02-10 1 0000839928 CNB BANCORP INC /NY/ CNBI 0001202687 RUBY RICHARD 50 ELMWOOD AVE GLOVERSVILLE NY 12078 1 0 0 0 Common stock 2006-02-10 4 D 0 3441 D 0 D Employee stock option 15.22 2006-02-10 4 D 0 2850 22.78 D 1999-10-09 2009-10-09 Common stock 2850 0 D Disposed of pursuant to the merger of CNB with and into NBT Bancorp, Inc. ("NBT") (NASDAQ: NBTB) on February 10, 2006. Under the terms of the merger agreement, CNB shareholders have the opportunity to elect to receive one of the following: $38.00 in cash for each share of CNB common stock; 1.64 shares of NBT common stock for each share of CNB common stock; or some combination of cash and NBT stock. The exact composition of consideration to be received depends upon a combination of the election made by the particular shareholder and a formula contained in the merger agreement. The merger agreement provides that NBT will issue stock for 55% of all CNB shares acquired and cash for all remaining CNB shares. On the effective date of the merger, shares of NBT common stock were trading for approximately $22.42 per share. This option, which provided for vesting in five equal annual installments beginning on October 9, 1999, was cancelled in the merger in exchange for a cash payment of $64,923.00, representing the difference between the option price and the cash consideration of $38.00 per share offered pursuant to the merger agreement. Richard D Ruby 2006-02-14