HUDSON VALLEY HOLDING CORP 4
4 · HUDSON VALLEY HOLDING CORP · Filed Feb 24, 2014
Insider Transaction Report
Form 4
PALAIA VINCENT T
EVP of HUVL Operating Sub
Transactions
- Exercise/Conversion
Employee Stock Options (Right-to-Buy)
2015-02-24−1,639→ 4,774 totalExercise: $18.78Exp: 2015-01-01→ Common Stock (1,639 underlying) - Exercise/Conversion
Common Stock
2014-02-24$18.78/sh+1,639$30,780→ 136,197 total - Sale
Common Stock
2014-02-24$19.01/sh−1,639$31,157→ 134,558 total - Award
Common Stock
2014-02-20+1,914→ 134,558 total
Holdings
- 5,830
Employee Stock Options (Right-to-Buy)
Exercise: $23.77Exp: 2016-02-07→ Common Stock (5,830 underlying) - 12,604(indirect: By Spouse)
Common Stock
Footnotes (5)
- [F1]Restricted Stock vests over 3 years on the anniversary of the grant commencing 02/20/2015, at a rate of 33.3% per year. Accordingly, 638 shares will vest on each of 02/20/2015, 02/20/2016 and 02/20/2017.
- [F2]Includes 1,983 shares of Restricted Stock that vested on 10/31/2013 upon the achievement of specified performance criteria and 994 shares of Restricted Stock that will vest at a rate of 33.3% 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.
- [F3]Includes 1,914 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 (638 shares will vest on each of 02/20/2015, 02/20/2016 and 02/20/2017).
- [F4]Options became exercisable at 20% per year over 5 years on the anniversary of the grant, beginning on the date of the original grant of 01/01/2005. Accordingly, all options are presently exercisable.
- [F5]Options became exercisable at 20% per year over 5 years on the anniversary of the grant, beginning on the date of the original grant of 02/07/2006. Accordingly, all options are presently exercisable.