The securelevels implementation in NetBSD 2.1 and earlier, and Linux 2.6.15 and earlier, allows local users to bypass time setting restrictions and set the clock backwards by setting the clock ahead to the maximum unixtime value (19 Jan 2038), which then wraps around to the minimum value (13 Dec 1901), which can then be set ahead to the desired time, aka "settimeofday() time wrap."
NetBSD 1.6, NetBSD 2.0 through 2.1, and NetBSD-current before 20051031 allows local users to gain privileges by attaching a debugger to a setuid/setgid (P_SUGID) process that performs an exec without a reset of real credentials.
NetBSD 2.0 before 2.0.4, 2.1 before 2.1.1, and 3, when the kernel is compiled with "options DIAGNOSTIC," allows local users to cause a denial of service (kernel assertion panic) via a negative linger time in the SO_LINGER socket option.
kernfs_xread in kernfs_vnops.c in NetBSD before 20050831 does not check for a negative offset when reading the message buffer, which allows local users to read arbitrary kernel memory.