MALONEY MICHAEL PATRICK 4
4 · HUDSON VALLEY HOLDING CORP · Filed Mar 8, 2013
Insider Transaction Report
Form 4
MALONEY MICHAEL PATRICK
DirectorEVP of HUVL Operating Sub.
Transactions
- Award
Common Stock
2013-03-06+3,250→ 34,135 total
Holdings
- 2,332
Employee Stock Option (Right to Buy)
Exercise: $23.77Exp: 2016-02-07→ Common Stock (2,332 underlying) - 777
Employee Stock Option (Right to Buy)
Exercise: $18.79Exp: 2015-01-01→ Common Stock (777 underlying) - 1,867
Employee Stock Option (Right to Buy)
Exercise: $18.77Exp: 2015-01-01→ Common Stock (1,867 underlying)
Footnotes (4)
- [F1]1,085 shares of the Restricted Stock will vest over 3 years commencing on 03/06/2014, at a rate of 1/3 for each of the three years. Accordingly, 363 shares will vest on 03/06/2014, and 361 shares will vest on each of 03/06/2015 and 03/06/2016. Vesting of the remaining 2,165 shares is contingent upon the achievement of specified performance criteria.
- [F2]Includes 25,000 shares of Restricted Stock which vests over 4 years on the anniversary of the grant commencing 12/07/2013 at a rate of 15% for each of the first and second year and a rate of 35% for each of the third and fourth year (3,750 shares will vest on each of 12/07/2013 and 12/07/2014 and 8,750 shares will vest on each of 12/07/2015 and 12/7/2016).
- [F3]Options became exercisable at 20% per year over 5 years on the anniversary of the grant, beginning on the date of the original grant of 01/01/2005. Accordingly, all options are presently exercisable.
- [F4]Options became exercisable at 20% per year over 5 years on the anniversary of the grant, beginning on the date of the original grant of 02/07/2006. Accordingly, all options are presently exercisable.