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4//SEC Filing

PALAIA VINCENT T 4

Accession 0001209191-13-015255

CIK 0000722256other

Filed

Mar 7, 7:00 PM ET

Accepted

Mar 8, 2:26 PM ET

Size

10.4 KB

Accession

0001209191-13-015255

Insider Transaction Report

Form 4
Period: 2013-03-06
PALAIA VINCENT T
EVP of HUVL Operating Sub
Transactions
  • Award

    Common Stock

    2013-03-06+2,977133,378 total
Holdings
  • Employee Stock Options (Right-to-Buy)

    Exercise: $16.96Exp: 2014-01-01Common Stock (7,051 underlying)
    7,051
  • Employee Stock Options (Right-to-Buy)

    Exercise: $18.78Exp: 2015-01-01Common Stock (6,413 underlying)
    6,413
  • Employee Stock Options (Right-to-Buy)

    Exercise: $23.77Exp: 2016-02-07Common Stock (5,830 underlying)
    5,830
  • Common Stock

    (indirect: By Spouse)
    12,604
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.

Issuer

HUDSON VALLEY HOLDING CORP

CIK 0000722256

Entity typeother

Related Parties

1
  • filerCIK 0001191178

Filing Metadata

Form type
4
Filed
Mar 7, 7:00 PM ET
Accepted
Mar 8, 2:26 PM ET
Size
10.4 KB