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4//SEC Filing

HUDSON VALLEY HOLDING CORP 4

Accession 0001209191-15-000385

CIK 0000722256operating
View on SEC.govCompany Profile

Filed

Jan 1, 7:00 PM ET

Accepted

Jan 2, 9:36 PM ET

Size

24.5 KB

Accession

0001209191-15-000385

Insider Transaction Report

Form 4
Period: 2014-12-30
HUDSON VALLEY HOLDING CORPHVB
BROWN STEPHEN R
DirectorSenior EVP, CFO & Treasurer
Transactions
  • Tax Payment

    Common Stock

    2014-12-30$27.37/sh−2,167$59,311→ 137,998 total
  • Tax Payment

    Common Stock

    2014-12-30$27.37/sh−5,445$149,030→ 146,588 total
  • Tax Payment

    Common Stock

    2014-12-30$27.37/sh−9,580$262,205→ 135,552 total
  • Award

    Restricted Stock Units

    2014-12-30+4,612→ 4,612 total
    Exercise: $0.00→ Common Stock (4,612 underlying)
  • Exercise/Conversion

    Common Stock

    2014-12-30+4,612→ 142,610 total
  • Exercise/Conversion

    Restricted Stock Units

    2014-12-30−4,612→ 0 total
    Exercise: $0.00→ Common Stock (4,612 underlying)
  • Award

    Common Stock

    2014-12-30+4,613→ 140,165 total
  • Award

    Common Stock

    2014-12-30+11,590→ 152,033 total
Holdings

  • Common Stock

    (indirect: By IRA)
    2,433

  • Employee Stock Options (Right-to-Buy)

    Exercise: $23.73Exp: 2016-02-07→ Common Stock (6,868 underlying)
    6,868
Footnotes (12)
  • [F1](i) Accelerated vesting of the remaining 15,400 shares of 22,000 shares of Restricted Stock scheduled to 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 15,400 shares vested on 12/30/2014; and (ii) accelerated vesting of 4,994 shares of Restricted Stock Award scheduled to 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). Accordingly, 4,994 shares vested on 12/30/2014.
  • [F10]Includes 11,590 shares of Common Stock issuable under previously granted Performance Stock Units that is contingent upon the achievement of specified performance criteria. The vesting of the 11,590 shares was accelerated to 12/30/2014 in connection with the pending merger of the Issuer with and into Sterling Bancorp.
  • [F11]On 12/30/2014, the Reporting Person was granted 4,612 Restricted Stock Units which vested immediately upon grant.
  • [F12]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.
  • [F2]Includes 22,000 shares of Restricted Stock scheduled to 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. The vesting of the remaining 15,400 shares was accelerated to 12/30/2014 in connection with the pending merger of the Issuer with and into Sterling Bancorp.
  • [F3]Includes 4,994 shares of Restricted Stock Award scheduled to 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). The vesting of the 4,994 shares was accelerated to 12/30/2014 in connection with the pending merger of the Issuer with and into Sterling Bancorp
  • [F4]Restricted Stock Award of 4,613 shares which vested 100% on the date of grant of 12/30/2014.
  • [F5]Includes Restricted Stock Award of 4,613 shares which vested immediately upon grant. Accordingly, 4,613 shares vested on 12/30/2014.
  • [F6]Vesting of Restricted Stock Units, representing 4,612 shares, which were granted on 12/30/2014.
  • [F7]Restricted Stock Units are convertible into common stock on a one-for-one basis.
  • [F8]Includes Restricted Stock Units, representing 4,612 shares, which vested on 12/30/2014.
  • [F9]Accelerated vesting of 11,590 shares of Common Stock issuable under previously granted Performance Stock Units that is contingent upon the achievement of specified performance criteria.

Documents

1 file

Issuer

HUDSON VALLEY HOLDING CORP

CIK 0000722256

→
Entity typeoperating
IncorporatedNY

Related Parties

1
  • filerCIK 0000722256

Filing Metadata

Form type
4
Filed
Jan 1, 7:00 PM ET
Accepted
Jan 2, 9:36 PM ET
Size
24.5 KB
View on SEC.gov