4//SEC Filing
HUDSON VALLEY HOLDING CORP 4
Accession 0001209191-15-059005
CIK 0000722256operating
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 5:15 PM ET
Size
8.7 KB
Accession
0001209191-15-059005
Insider Transaction Report
Form 4
Skorobohaty Scott J.
Other
Transactions
- Tax Payment
Common Stock
2015-06-30−1,335→ 2,315 total - Disposition to Issuer
Common Stock
2015-06-30−2,315→ 0 total
Footnotes (3)
- [F1]Accelerated vesting of the 3,650 shares of Restricted Stock scheduled to vest 100% on 12/31/2017. The vesting of these shares was accelerated on June 30, 2015 in connection with the consummation of the merger of the Issuer with and into Sterling Bancorp. Of the 3,650 shares that vested, 1,335 shares were withheld for the payment of taxes.
- [F2]Price calculated as the product of (i) the market value of $14.714 per share of Sterling Bancorp common stock on the effective date of the merger (with such market value calculated as the average of the closing sales price of Sterling Bancorp common stock on the New York Stock Exchange for the five trading days ending on the day preceding the closing date of the merger (the "Market Value of Sterling Common Stock")) multipled by (ii) the exchange ratio of 1.92 shares of Sterling Bancorp common stock for each share of Issuer common stock.
- [F3]Disposed of pursuant to the Merger Agreement in exchange for 4,444 shares of Sterling Bancorp common stock having a market value of $14.714 per share on the effective date of the merger (with such market value calculated as the Market Value of Sterling Common Stock) and cash of $11.77 in lieu of a fractional share of Sterling Bancorp common stock.
Issuer
HUDSON VALLEY HOLDING CORP
CIK 0000722256
Entity typeoperating
IncorporatedNY
Related Parties
1- filerCIK 0000722256
Filing Metadata
- Form type
- 4
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 5:15 PM ET
- Size
- 8.7 KB