HUDSON VALLEY HOLDING CORP 4
4 · HUDSON VALLEY HOLDING CORP · Filed Dec 9, 2013
Insider Transaction Report
Form 4
Cullen Susan K
EVP of Primary Operating Sub
Transactions
- Tax Payment
Common Stock
2013-12-09$20.26/sh−971$19,672→ 17,463 total
Holdings
- 2,014.61(indirect: By IRA)
Common Stock
Footnotes (2)
- [F1]Includes 14,875 shares of Restricted Stock from an original grant of 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. Accordingly, 2,625 shares vested on 12/7/2013, 2,625 shares will vest on 12/7/2014 and 6,125 shares will vest on each of 12/7/2015 and 12/7/2016.
- [F2]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.