HUDSON VALLEY HOLDING CORP 4
4 · HUDSON VALLEY HOLDING CORP · Filed Aug 19, 2013
Insider Transaction Report
Form 4
Cullen Susan K
EVP of Primary Operating Sub
Transactions
- Purchase
Common Stock
2013-08-16$19.96/sh+1.533$31→ 1,011.485 total(indirect: By IRA)
Holdings
- 18,740
Common Stock
Footnotes (3)
- [F1]Acquisition through broker-sponsored dividend reinvestment plan.
- [F2]Includes 17,500 shares of Restricted Stock which vest over 4 years on the anniversary of the grant commencing 12/7/2013, 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. (2,625 shares will vest on each of 12/7/2013 and 12/7/2014 and 6,125 shares will vest on each of 12/7/2015 and 12/7/2016).
- [F3]Includes 1,240 shares of Restricted Stock, 414 shares of which will vest over 3 years commencing on 03/06/2014, at a rate of 1/3 for each of the three years (138 shares will vest on each of 03/06/2014, 03/06/2015 and 03/06/2016). Vesting of the remaining 826 shares is contingent upon the achievement of specified performance criteria.