Today I decided to offer [my first bounty on an old question][1] which may have an answer now since the software in question has changed several times since.

What surprised me was that the bounty was taken away from mi rep immediately and therefore before anyone made any effort to give an up to date answer. My guess would be that I would award the bounty by accepting an answer at some point within the next 7 days.

Did I understand bounties wrong?

  [1]: http://photo.stackexchange.com/questions/11370/lightroom-upgrade-vs-lens-metadata