HUDSON VALLEY HOLDING CORP 4
4 · HUDSON VALLEY HOLDING CORP · Filed Nov 4, 2013
Insider Transaction Report
Form 4
Cullen Susan K
EVP of Primary Operating Sub
Transactions
- Tax Payment
Common Stock
2013-10-31$19.26/sh−306$5,894→ 18,434 total - Purchase
Common Stock
2013-11-04$18.07/sh+1,000$18,070→ 2,011.485 total(indirect: By IRA)
Footnotes (2)
- [F1]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 years and a rate of 35% for each of the third and fourth years (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).
- [F2]Includes 520 shares of Restricted Stock that vested on 10/31/2013 upon the achievement of specified performance criteria and 414 shares that 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.