HUDSON VALLEY HOLDING CORP 4
4 · HUDSON VALLEY HOLDING CORP · Filed Feb 24, 2014
Insider Transaction Report
Form 4
Cullen Susan K
EVP of Primary Operating Sub
Transactions
- Award
Common Stock
2014-02-20+1,922→ 19,385 total
Holdings
- 3,021.577(indirect: By IRA)
Common Stock
Footnotes (4)
- [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, 641 shares will vest on each of 02/20/2015 and 02/20/2016 and 640 shares will vest on 02/20/2017.
- [F2]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.
- [F3]Includes 414 shares of Restricted Stock which vest at a rate of 33.3% per year over 3 years on the anniversary of the date of the grant commencing 03/06/2014. Accordingly, 138 shares will vest on each of 03/06/2014, 03/06/2015 and 03/06/2016.
- [F4]Includes 1,922 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 (641 shares will vest on each of 02/20/2015, 02/20/2016 and 640 shares will vest on 02/20/2017).