HUDSON VALLEY HOLDING CORP 4
4 · HUDSON VALLEY HOLDING CORP · Filed Dec 11, 2014
Insider Transaction Report
Form 4
BROWN STEPHEN R
DirectorSenior EVP, CFO & Treasurer
Transactions
- Exercise/Conversion
Employee Stock Options (Right-to-Buy)
2014-12-10−3,777→ 0 totalExercise: $18.75Exp: 2015-01-01→ Common Stock (3,777 underlying) - Exercise/Conversion
Common Stock
2014-12-10$18.75/sh+3,777$70,819→ 150,815 total
Holdings
- 6,868
Employee Stock Options (Right-to-Buy)
Exercise: $23.73Exp: 2016-02-07→ Common Stock (6,868 underlying) - 2,433(indirect: By IRA)
Common Stock
Footnotes (4)
- [F1]Includes 11,000 shares of Restricted Stock that is contingent upon the achievement of a specified performance criteria; and 22,000 shares of Restricted Stock that vest over 4 years commencing on 05/10/2013 at a rate of 15% for each of the first and second years and at a rate of 35% for each of the third and fourth years. Accordingly, 3,300 shares vested on each of 05/10/2013 and 05/10/2014, and 7,700 shares will vest on each of 05/10/2015 and 05/10/2016.
- [F2]Includes 4,994 shares of Restricted Stock Award which vest over 3 years on the anniversary of the grant commencing 03/14/2015, at a rate of 33.3% for each year (1,665 shares will vest on each of 03/14/2015 and 03/14/2016 and 1,664 shares will vest on 03/14/2017).
- [F3]Options became exercisable at 20% per year over 5 years, beginning on the date of the original grant of 01/01/2005. Accordingly, all options are presently exercisable.
- [F4]Options became exercisable at 20% per year over 5 years, beginning on the date of the original grant of 02/07/2006. Accordingly, all options are presently exercisable.