SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
FORSYTHE DARYL R
(Last) (First) (Middle)
52 SOUTH BROAD STREET
(Street)
NORWICH NY 13815
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
NBT BANCORP INC [ NBTB ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
05/02/2006
4. If Amendment, Date of Original Filed (Month/Day/Year)
 6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
NBT Bancorp Inc. Common Stock 05/02/2006 A 600 A $0(1) 120,632.962 D
NBT Bancorp Inc. Common Stock 05/02/2006 A 2,299 A $0(2) 122,931.962 D
NBT Bancorp Inc. Common Stock 13,735.744 I 401k
NBT Bancorp Inc. Common Stock 2,924.431 I NBT Bancorp ESOP
NBT Bancorp Inc. Common Stock 1,842 I by Spouse
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 6. Date Exercisable and Expiration Date (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Non-Qualified Stock Option (right to buy) $21.74 05/02/2006 A 5,000 05/01/2007(3) 05/01/2016 NBT Bancorp Inc. Common Stock 5,000 $0 5,000 D
Non-Qualified Stock Option (right to buy) $14.3492 01/28/2003(4) 01/28/2012 NBT Bancorp Inc. Common Stock 10,460 10,460 D
Non-Qualified Stock Option (right to buy) $17.538 01/01/2004(4) 01/01/2013 NBT Bancorp Inc. Common Stock 14,550 14,550 D
Non-Qualified Stock Option (right to buy) $19.7917 08/11/2005(5) 08/11/2013 NBT Bancorp Inc. Common Stock 5,200 5,200 D
Non-Qualified Stock Option (right to buy) $19.7925 08/14/2005(5) 08/14/2013 NBT Bancorp Inc. Common Stock 6,050 6,050 D
Non-Qualified Stock Option (right to buy) $19.8125 08/12/2005(5) 08/12/2013 NBT Bancorp Inc. Common Stock 11,700 11,700 D
Non-Qualified Stock Option (right to buy) $20.0558 08/05/2005(5) 08/05/2013 NBT Bancorp Inc. Common Stock 4,000 4,000 D
Non-Qualified Stock Option (right to buy) $22.1715 01/01/2005(4) 01/01/2014 NBT Bancorp Inc. Common Stock 18,266 18,266 D
Non-Qualified Stock Option (right to buy) $22.3517 09/01/2006(5) 09/01/2014 NBT Bancorp Inc. Common Stock 9,700 9,700 D
Non-Qualified Stock Option (right to buy) $22.4075 09/08/2006(5) 09/08/2014 NBT Bancorp Inc. Common Stock 15,365 15,365 D
Non-Qualified Stock Option (right to buy) $23.2708 01/20/2006(4) 01/20/2015 NBT Bancorp Inc. Common Stock 31,907 31,907 D
Non-Qualified Stock Option (right to buy) $23.7553 07/01/2007(5) 07/01/2015 NBT Bancorp Inc. Common Stock 12,841 12,841 D
Non-Qualified Stock Option (right to buy) $23.8712 07/05/2007(5) 07/05/2015 NBT Bancorp Inc. Common Stock 2,693 2,693 D
Explanation of Responses:
1. Acquired pursuant to the NBT Bancorp Inc. Non-employee Directors' Restricted and Deferred Stock Plan pursuant to which each outside director is entitled to receive an annual retainer for Board service in the form of deferred shares of the Company's common stock rather than cash that vests immediately upon date of grant.
2. Acquired pursuant to the formula provisions of the NBT Bancorp Inc. Non-employee Directors' Restricted and Deferred Stock Plan pursuant to which each outside director is entitled to receive an annual retainer for Board service in the form of restricted shares of the Company's common stock rather than cash that vests in three annual installments.
3. Pursuant to NBT Non-Employee Director, Divisional Director and Subsidiary Director Stock Option Plan grant vests 40% for first year, 20% annually for following years.
4. Pursuant to NBT Bancorp Inc. 1993 Stock Option Plan grant vests 40% for first year, 20% annually for following years.
5. Pursuant to NBT Bancorp Inc. 1993 Stock Option Plan reload grant vests 100% two years after date of its grant.
By: Michael J. Chewens, Power of Attorney For: Daryl R. Forsythe 05/03/2006
** Signature of Reporting Person Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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