HUDSON VALLEY HOLDING CORP 4
4 · HUDSON VALLEY HOLDING CORP · Filed Nov 4, 2013
Insider Transaction Report
Form 4
MALONEY MICHAEL PATRICK
DirectorEVP of HUVL Operating Sub.
Transactions
- Tax Payment
Common Stock
2013-10-31$19.26/sh−801$15,427→ 33,334 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]Includes 1,364 shares of Restricted Stock that vested on 10/31/2013 upon the achievement of specified performance criteria and 1,085 shares of Restricted Stock that will vest at a rate of 1/3 per year for each of the three years beginning on the anniversary of the date of the grant (which was 03/06/2013). Accordingly, 364 shares will vest on 03/06/2014 and 361 shares will vest on each of 03/06/2015 and 03/06/2016.
- [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 years and a rate of 35% for each of the third and fourth years (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, 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, beginning on the date of the original grant of 02/07/2006. Accordingly, all options are presently exercisable.