PALAIA VINCENT T 4
4 · HUDSON VALLEY HOLDING CORP · Filed Mar 8, 2013
Insider Transaction Report
Form 4
PALAIA VINCENT T
EVP of HUVL Operating Sub
Transactions
- Award
Common Stock
2013-03-06+2,977→ 133,378 total
Holdings
- 7,051
Employee Stock Options (Right-to-Buy)
Exercise: $16.96Exp: 2014-01-01→ Common Stock (7,051 underlying) - 6,413
Employee Stock Options (Right-to-Buy)
Exercise: $18.78Exp: 2015-01-01→ Common Stock (6,413 underlying) - 5,830
Employee Stock Options (Right-to-Buy)
Exercise: $23.77Exp: 2016-02-07→ Common Stock (5,830 underlying) - 12,604(indirect: By Spouse)
Common Stock
Footnotes (5)
- [F1]994 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, 332 shares will vest on 03/06/2014, and 331 shares will vest on each of 03/06/2015 and 03/06/2016. Vesting of the remaining 1,983 is contingent upon the achievement of specified performance criteria.
- [F2]Includes 994 shares of the Restricted Stock which will vest over 3 years commencing on 03/06/2014, at a rate of 1/3 for each of the three years. Accordingly, 332 shares will vest on 03/06/2014, and 331 shares will vest on each of 03/06/2015 and 03/06/2016. Vesting of the remaining 1,983 shares is contingent upon the achievement of specified performance criteria.
- [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 01/01/2004. 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 01/01/2005. Accordingly, all options are presently exercisable.
- [F5]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.