HUDSON VALLEY HOLDING CORP 4
4 · HUDSON VALLEY HOLDING CORP · Filed Nov 4, 2013
Insider Transaction Report
Form 4
PALAIA VINCENT T
EVP of HUVL Operating Sub
Transactions
- Tax Payment
Common Stock
2013-10-31$19.26/sh−734$14,137→ 132,644 total
Holdings
- 6,413
Employee Stock Options (Right-to-Buy)
Exercise: $18.78Exp: 2015-01-01→ Common Stock (6,413 underlying) - 12,604(indirect: By Spouse)
Common Stock
- 5,830
Employee Stock Options (Right-to-Buy)
Exercise: $23.77Exp: 2016-02-07→ Common Stock (5,830 underlying)
Footnotes (3)
- [F1]Includes 1,983 shares of Restricted Stock that vested on 10/31/2013 upon the achievement of specified performance criteria and 994 shares of Restricted Stock that will vest at a rate of 1/3 per year over 3 years beginning on the anniversary of the date of the grant (which was 03/06/2013). Accordingly, 332 shares will vest on 03/06/2014 and 331 shares will vest on each of 03/06/2015 and 03/06/2016.
- [F2]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.
- [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 02/07/2006. Accordingly, all options are presently exercisable.