4//SEC Filing
HUDSON VALLEY HOLDING CORP 4
Accession 0001209191-14-013624
CIK 0000722256operating
Filed
Feb 23, 7:00 PM ET
Accepted
Feb 24, 6:24 PM ET
Size
9.7 KB
Accession
0001209191-14-013624
Insider Transaction Report
Form 4
SKUTHAN FRANK
EVP&COO of HUVL Operating Sub
Transactions
- Award
Common Stock
2014-02-20+1,645→ 26,122 total
Holdings
- 27,732
Common Stock
- 3,679
Employee Stock Options (Right to Buy)
Exercise: $18.85Exp: 2015-01-01→ Common Stock (3,679 underlying) - 5,830
Employee Stock Options (Right to Buy)
Exercise: $23.77Exp: 2016-01-01→ Common Stock (5,830 underlying)
Footnotes (7)
- [F1]Restricted Stock vests over 3 years on the anniversary of the grant commencing February 20, 2015, at a rate of 33.3% per year. Accordingly, 549 shares will vest on February 20, 2015 and 548 shares will vest on each of February 20, 2016 and February 20, 2017.
- [F2]Includes 23,375 shares of Restricted Stock from an original grant of 27,500 shares of Restricted Stock which vest 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. Accordingly, 4,125 shares vested on 12/07/2013 and is now included in the 27,732 shares held jointly with the Reporting Person's spouse, 4,125 shares will vest on 12/7/2014 and 9,625 shares will vest on each of 12/7/2015 and 12/7/2016.
- [F3]Includes 1,102 shares of Restricted Stock which vest over 3 years on the anniversary of the grant commencing on 03/06/2014, at a rate of 33.3% for each year. Accordingly, 368 shares will vest on 03/06/2014 and 367 shares will vest on each of 03/06/2015 and 03/06/2016.
- [F4]Includes 1,645 shares of Restricted Stock Award which vest over 3 years on the anniversary of the grant commencing 02/20/2015, at a rate of 33.3% for each year (549 shares will vest on 02/20/2015 and 548 shares will vest on each of 02/20/2016 and 02/20/2017).
- [F5]Held jointly with spouse.
- [F6]Options became exercisable at 20% per year over 5 years on the anniversary of the grant, beginning on the first anniversary of the date of the original grant of 01/01/2005. Accordingly, all options are presently exercisable.
- [F7]Options became exercisable at 20% per year over 5 years on the anniversary of the grant, beginning on the first anniversary of the date of the original grant of 02/07/2006. Accordingly, all options are presently exercisable.
Documents
Issuer
HUDSON VALLEY HOLDING CORP
CIK 0000722256
Entity typeoperating
IncorporatedNY
Related Parties
1- filerCIK 0000722256
Filing Metadata
- Form type
- 4
- Filed
- Feb 23, 7:00 PM ET
- Accepted
- Feb 24, 6:24 PM ET
- Size
- 9.7 KB