ARROW FINANCIAL CORP 4
4 · ARROW FINANCIAL CORP · Filed Jun 2, 2005
Insider Transaction Report
Form 4
MASSIANO MICHAEL F
Director
Transactions
- Exercise/Conversion
Common Stock
2005-06-02$7.82/sh+28,095$219,703→ 62,387 total - Other
Common Stock
2005-06-02+0→ 1,768 total(indirect: By Spouse) - Tax Payment
Common Stock
2005-06-02$27.49/sh−15,161$416,776→ 47,226 total - Exercise/Conversion
Employee Stock Option (Right to Buy)
2005-06-02−28,095→ 0 totalExercise: $7.82From: 1999-11-29Exp: 2005-11-29→ Common Stock (28,095 underlying)
Footnotes (3)
- [F1]Amount of shares beneficially owned.
- [F2]Includes 1) 7,993 shares surrendered by reporting person to issuer to pay the exercise price of the derivative security and 2) 7,168 shares withheld by the issuer to satisfy withholding tax liabilities related to the exercise.
- [F3]Exercise of Derivative Security.