XOTC:QNBC Insider Activity 4 Filing - 1/13/2012

Effective Date 1/13/2012

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XOTC:QNBC (): Consider Selling
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XOTC:QNBC (): Fair Value Uncertainty
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XOTC:QNBC (): Economic Moat
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XOTC:QNBC (): Stewardship
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
OREZEHOSKI SCOTT G
  2. Issuer Name and Ticker or Trading Symbol
QNB CORP [QNBC]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Executive VP, Subsidiary
(Last)
(First)
(Middle)
P.O. BOX 9005
3. Date of Earliest Transaction (Month/Day/Year)
01/13/2012
(Street)

QUAKERTOWN, PA 18951
4. If Amendment, Date 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
(City)
(State)
(Zip)
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
Common Stock 03/31/2011   P(2) V 41.9562 A $22.62 3,838.1567 D  
Common Stock 05/31/2011   P(1) V 90 A $18.234 3,928.1567 D  
Common Stock 06/27/2011   P(2) V 45.2553 A $21.7 3,973.412 D  
Common Stock 10/03/2011   P(2) V 49.2733 A $20.16 4,022.6853 D  
Common Stock 11/30/2011   P(1) V 88 A $19.44 4,110.6853 D  
Common Stock 12/23/2011   P(2) V 49.9596 A $20.57 4,160.6449 D  
Common Stock 01/13/2012   M   2,800 A $16.125 6,960.6449 D  
Common Stock 01/13/2012   F   2,100 D $21.5 4,860.6449 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

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 Underlying Securities
(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 of Derivative Security: 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
Common Stock (Right to Buy) $16.125 01/13/2012   M     2,800 01/15/2005 01/15/2012 Common Stock 2,800 $21.5 0 D  
Common Stock (Right to Buy) $25.15             01/16/2010 01/16/2012 Common Stock 2,600   2,600 D  
Common Stock (Right to Buy) $21             01/15/2011 01/15/2013 Common Stock 2,600   2,600 D  
Common Stock (Right to Buy) $20             01/21/2006 01/21/2013 Common Stock 2,800   2,800 D  
Common Stock (Right to Buy) $17.15             01/20/2012 01/20/2014 Common Stock 2,850   2,850 D  
Common Stock (Right to Buy) $33.25             04/27/2007 04/27/2014 Common Stock 2,500   2,500 D  
Common Stock (Right to Buy) $32.35             01/18/2008 01/18/2015 Common Stock 2,600   2,600 D  
Common Stock (Right to Buy) $17.25             02/16/2013 02/16/2015 Common Stock 2,600   2,600 D  
Common Stock (Right to Buy) $20             01/25/2014 01/25/2016 Common Stock 2,975   2,975 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
OREZEHOSKI SCOTT G
P.O. BOX 9005
QUAKERTOWN, PA 18951
      Executive VP, Subsidiary  

Signatures

 Scott G. Orzehoski   01/17/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Employee Stock Purchase Plan Acquisition
(2) Dividend Reinvestment Plan Acquisition

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

XOTC:QNBC Insider Activity 4 Filling

XOTC:QNBC Stock - Get Insider Activity SEC Filing of XOTC:QNBC stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

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XOTC:QNBC Insider Activity 4 Filing - 1/13/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Popularity |  Our Choices Title |  Date |  Company |  Symbol |  Interest |  Popularity

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