HUDSON VALLEY HOLDING CORP 4/A
4/A · HUDSON VALLEY HOLDING CORP · Filed Jul 2, 2015
Insider Transaction Report
Form 4/AAmended
Cahill John P.
Director
Transactions
- Disposition to Issuer
Common Stock
2015-06-30−6,400→ 0 total - Disposition to Issuer
Common Stock
2015-06-30−1,320→ 0 total(indirect: By IRA)
Footnotes (3)
- [F1]Includes 1,000 shares of Restricted Stock that vest 100% on February 6, 2016. 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.
- [F2]Disposed of pursuant to the Agreement and Plan of Merger between the Issuer and Sterling Bancorp (the "Merger Agreement") in exchange for 12,288 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 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")).
- [F3]Disposed of pursuant to the Merger Agreement in exchange for 2,534 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 $5.89 in lieu of a fractional share of Sterling Bancorp common stock.