SEC Form 5

FORM 5		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 ANNUAL 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	OMB APPROVAL OMB Number: 3235-0362 Estimated average burden hours per response: 1.0
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
	Form 3 Holdings Reported.
	Form 4 Transactions Reported.

1. Name and Address of Reporting Person* MURPHY MICHAEL M (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. Statement for Issuer's Fiscal Year Ended (Month/Day/Year) 12/31/2006
	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 at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
				Amount	(A) or (D)	Price
NBT Bancorp Inc. Common Stock	12/31/2006		J	6.303	A	$0(1)	47,861.216	D
NBT Bancorp Inc. Common Stock							1,635	I	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)
					(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Non-Qualified Stock Option (right to buy)	$14.3492						01/28/2003(2)	01/28/2012	NBT Bancorp Inc. Common Stock	100		100	D
Non-Qualified Stock Option (right to buy)	$17.6008						01/01/2004(2)	01/01/2013	NBT Bancorp Inc. Common Stock	600		600	D
Non-Qualified Stock Option (right to buy)	$20.7492						05/01/2006(2)	05/01/2015	NBT Bancorp Inc. Common Stock	1,500		1,500	D
Non-Qualified Stock Option (right to buy)	$21.74						05/01/2007(2)	05/01/2016	NBT Bancorp Inc. Common Stock	1,500		1,500	D
Non-Qualified Stock Option (right to buy)	$22.1388						01/01/2005(2)	01/01/2014	NBT Bancorp Inc. Common Stock	1,500		1,500	D
Non-Qualified Stock Option (right to buy)	$22.1542						02/02/2006(3)	02/02/2014	NBT Bancorp Inc. Common Stock	1,300		1,300	D
Non-Qualified Stock Option (right to buy)	$23.05						01/28/2007(3)	01/28/2015	NBT Bancorp Inc. Common Stock	100		100	D
Non-Qualified Stock Option (right to buy)	$23.1133						01/26/2007(3)	01/26/2015	NBT Bancorp Inc. Common Stock	400		400	D
Non-Qualified Stock Option (right to buy)	$23.2708						01/20/2006(2)	01/20/2015	NBT Bancorp Inc. Common Stock	630		630	D

Explanation of Responses:

1. Shares acquired under NBT Bancorp Dividend Reinvestment Plan during period of January 1, 2006 to December 31, 2006 at prices ranging from $23.0158 to $25.1851 per share.

2. 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.

3. Pursuant to NBT Non-Employee Director, Divisional Director and Subsidiary Director Stock Option Plan reload grant vests 100% two years after date of its grant.

	By: Michael J. Chewens, Power of Attorney For: Michael M. Murphy	02/13/2007
	** 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.