Reflects the amount expensed in accordance with Statement of Financial Accounting Standards No. 123(R) during fiscal 2007 with respect to awards of restricted stock and stock
options granted to each of the Named Executive Officers. For a discussion of the assumptions used to establish the valuation of the restricted stock awards and stock options, reference is made to Note 10Stock-Based Compensation
included in the Audited Financial Statements filed as part of our Annual Report on Form 10-KSB for the Year Ended June 30, 2007.
The compensation represented by the amounts for 2007 set forth in the All Other Compensation column for the Named Executive Officers is detailed in the following table.
401(k) plan contributions
Life insurance premiums
Cash dividends on unvested restricted stock
Profit sharing contributions
Total all other compensation
Thomas A. Borner
Robert J. Halloran, Jr.
Amounts included in the Non-equity incentive plan compensation column are based on the Companys incentive plan, which is discussed below under
Consists of profit sharing plan contributions of $4,920, $0 and $7,102, 401(k) plan contributions of $0, $1,816 and $515, and life insurance premiums of $369, $1,044 and $1,332,
paid by Putnam Savings Bank to or on behalf of Messrs. Borner, Cocks and Halloran, respectively, in fiscal year 2006.
Mr. Borner was appointed Chief Executive Officer of the Company and Putnam Savings Bank on January 18, 2006, succeeding Mr. Cocks in that position. Mr. Cocks
resigned as President and as a director of the Company, effective June 7, 2006. In connection with these resignations, Mr. Cocks forfeited awards granted to him under the Companys 2005 Stock-Based Incentive Plan.
Mr. Halloran was first appointed as an officer during the 2004 fiscal year.