4//SEC Filing
HUDSON VALLEY HOLDING CORP 4
Accession 0001209191-14-016820
CIK 0000722256operating
Filed
Mar 3, 7:00 PM ET
Accepted
Mar 4, 5:43 PM ET
Size
13.7 KB
Accession
0001209191-14-016820
Insider Transaction Report
Form 4
PALAIA VINCENT T
EVP of HUVL Operating Sub
Transactions
- Exercise/Conversion
Common Stock
2014-02-28$18.78/sh+4,774$89,656→ 139,332 total - Sale
Common Stock
2014-02-28$19.01/sh−4,774$90,754→ 134,558 total - Exercise/Conversion
Employee Stock Options (Right-to-Buy)
2014-02-28−4,774→ 0 totalExercise: $18.78Exp: 2015-01-01→ Common Stock (4,774 underlying) - Tax Payment
Common Stock
2014-02-28$18.79/sh−1,056$19,842→ 133,502 total
Holdings
- 12,604(indirect: By Spouse)
Common Stock
- 0
Employee Stock Options (Right-to-Buy)
Exercise: $23.77Exp: 2016-02-07→ Common Stock (5,830 underlying)
Footnotes (6)
- [F1]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.
- [F2]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).
- [F3]Represents shares that were withheld to satisfy the Reporting Person's tax withholding obligation upon the accelerated vesting of 2,908 shares of Restricted Stock granted under the Issuer's 2010 Omnibus Incentive Plan in accordance with the terms and conditions of such plan. The accelerated vesting of the 2,908 shares of Restricted Stock was due to the Reporting Person's retirement from the Issuer on 02/28/2014.
- [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.
- [F6]Options canceled pursuant to the terms and conditions of the plan under which such options were granted as a result of the voluntary departure (i.e., retirement) of the Reporting Person from the Issuer on 02/28/2014.
Documents
Issuer
HUDSON VALLEY HOLDING CORP
CIK 0000722256
Entity typeoperating
IncorporatedNY
Related Parties
1- filerCIK 0000722256
Filing Metadata
- Form type
- 4
- Filed
- Mar 3, 7:00 PM ET
- Accepted
- Mar 4, 5:43 PM ET
- Size
- 13.7 KB