HUDSON VALLEY HOLDING CORP 4
4 · HUDSON VALLEY HOLDING CORP · Filed Nov 4, 2013
Insider Transaction Report
Form 4
BROWN STEPHEN R
DirectorSenior EVP, CFO & Treasurer
Transactions
- Tax Payment
Common Stock
2013-10-31$19.26/sh−13,475$259,529→ 143,749 total
Holdings
- 3,777
Employee Stock Options (Right-to-Buy)
Exercise: $18.75Exp: 2015-01-01→ Common Stock (3,777 underlying) - 2,433(indirect: By IRA)
Common Stock
- 6,868
Employee Stock Options (Right-to-Buy)
Exercise: $23.73Exp: 2016-02-07→ Common Stock (6,868 underlying)
Footnotes (3)
- [F1]Includes 8,525 shares of Restricted Stock that vested on 10/31/2013 upon the achievement of specified performance criteria; 11,000 shares of Restricted Stock that is contingent upon the achievement of additional specified performance criteria; and 22,000 shares of Restricted Stock that vest over 4 years commencing on 05/10/2013 at a rate of 15% for each of the first and second years and at a rate of 35% for each of the third and fourth years. Accordingly, 3,300 shares vested on 05/10/2013, 3,300 shares will vest on 05/10/2014 and 7,700 shares will vest on each of 05/10/2015 and 05/10/2016.
- [F2]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.
- [F3]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.