HUDSON VALLEY HOLDING CORP 4
4 · HUDSON VALLEY HOLDING CORP · Filed Nov 15, 2013
Insider Transaction Report
Form 4
Cullen Susan K
EVP of Primary Operating Sub
Transactions
- Purchase
Common Stock
2013-11-15$19.42/sh+3.125$61→ 2,014.61 total(indirect: By IRA)
Holdings
- 18,434
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 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).
- [F3]Includes 414 shares of Restricted Stock 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, 138 shares will vest on each of 03/06/2014, 03/06/2015 and 03/06/2016.