Albro Duane W 4

4 · WARWICK VALLEY TELEPHONE CO · Filed Feb 28, 2012

Form 4

Period: 2012-02-24

President & CEO

Transactions

Award
Employee Stock Option (Right to Buy)
2012-02-24+33,711→ 33,711 total
Exercise: $14.38Exp: 2022-02-24→ Common Stock (33,711 underlying)
Award
Common Shares
2012-02-24+6,668→ 88,693 total

Holdings

Employee Stock Option (Right to Buy)
Exercise: $10.78From: 2011-09-08Exp: 2018-09-08→ Common Stock (15,166 underlying)
15,166
Employee Stock Option (Right to Buy)
Exercise: $10.02Exp: 2019-03-20→ Common Stock (4,051 underlying)
4,051
Employee Stock Option (Right to Buy)
Exercise: $12.88Exp: 2020-02-23→ Common Stock (15,816 underlying)
15,816
Common Shares
(indirect: By 401(k))
2,996.98
Employee Stock Option (Right to Buy)
Exercise: $14.85Exp: 2021-03-09→ Common Stock (83,010 underlying)
83,010

Footnotes (5)

[F1]This option was previously reported by Mr. Albro.
[F2]This option was previously reported by Mr. Albro and is exercisable as follows: 4,052 shares on 3/20/2010, 4,052 shares on 3/20/2011 and 4,051 shares on 3/20/2012, assuming Mr. Albro's continuous employment with the Company.
[F3]This option was previously reported by Mr. Albro and is exercisable as follows: 7,908 shares on 2/23/2011, 7,908 shares on 2/23/2012, and 7,908 shares on 2/23/2013, assuming Mr. Albro's continuous employment with the Company.
[F4]This option was previously reported by Mr. Albro and is exercisable as follows: 27,670 shares on 3/9/2012, 27,670 shares on 3/9/2013, and 27,670 shares on 3/9/2014, assuming Mr. Albro's continuous employment with the Company.
[F5]This option was granted under the Warwick Valley Telephone Company 2008 Long Term Incentive Plan in a transaction exempt under rule 16b-3 and is exerciseable as follows: previously reported by Mr. Albro and is exercisable as follows: 11,237 shares on 2/24/2013, 11,237 shares on 2/24/2014, and 11,237 shares on 2/24/2015, assuming Mr. Albro's continuous employment with the Company.

Documents

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