4/A//SEC Filing
HUDSON VALLEY HOLDING CORP 4/A
Accession 0001209191-15-059083
CIK 0000722256operating
Filed
Jul 1, 8:00 PM ET
Accepted
Jul 2, 6:05 PM ET
Size
11.7 KB
Accession
0001209191-15-059083
Insider Transaction Report
Form 4/AAmended
BROWN STEPHEN R
DirectorSenior EVP, CFO & Treasurer
Transactions
- Disposition to Issuer
Common Stock
2015-06-30−146,588→ 0 total - Disposition to Issuer
Common Stock
2015-06-30−2,433→ 0 total(indirect: By IRA) - Disposition to Issuer
Employee Stock Options (Right-to-Buy)
2015-06-30−6,868→ 0 totalExercise: $23.73Exp: 2016-02-07→ Common Stock (6,868 underlying)
Footnotes (4)
- [F1]Disposed of pursuant to the Agreement and Plan of Merger between the Issuer and Sterling Bancorp (the "Merger Agreement") in exchange for 281,448 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")) and cash of $14.13 in lieu of a fractional share of Sterling Bancorp common stock.
- [F2]Disposed of pursuant to the Merger Agreement in exchange for 4,671 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 $5.30 in lieu of a fractional share of Sterling Bancorp common stock.
- [F3]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.
- [F4]Cancelled pursuant to the Merger Agreement in exchange for a cash payment equal to the product of (i) the number of shares of Issuer common stock subject to the option multiplied by (ii) the excess, if any, of $28.251 (which is the product of (a) the exchange ratio of 1.92 shares of Sterling Bancorp common stock for each share of Issuer common stock multiplied by (b) the Market Value of Sterling Common Stock) over the exercise price per share of Issuer common stock underlying such option.
Documents
Issuer
HUDSON VALLEY HOLDING CORP
CIK 0000722256
Entity typeoperating
IncorporatedNY
Related Parties
1- filerCIK 0000722256
Filing Metadata
- Form type
- 4/A
- Filed
- Jul 1, 8:00 PM ET
- Accepted
- Jul 2, 6:05 PM ET
- Size
- 11.7 KB