HUDSON VALLEY HOLDING CORP 4
4 · HUDSON VALLEY HOLDING CORP · Filed Dec 23, 2014
Insider Transaction Report
Form 4
BROWN STEPHEN R
DirectorSenior EVP, CFO & Treasurer
Transactions
- Tax Payment
Common Stock
2014-12-23$26.36/sh−5,683$149,804→ 145,132 total
Holdings
- 2,433(indirect: By IRA)
Common Stock
- 6,868
Employee Stock Options (Right-to-Buy)
Exercise: $23.73Exp: 2016-02-07→ Common Stock (6,868 underlying)
Footnotes (3)
- [F1]Includes 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 02/07/2006. Accordingly, all options are presently exercisable.