SEC Form 4 · accession 0000717538-16-000208
ARROW FINANCIAL CORP · AROW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Thomas J. Murphy
Officer — President & CEO · Director
Period of report
Feb 29, 2016
Accepted (ET)
Mar 2, 2016 · 4:24 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000717538
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Feb 29, 2016 | M | 2,550 | $25.35 | A | 34,190 | D | |
| Common Stock | Feb 29, 2016 | F | 2,498 | $26.19 | D | 31,692 | D | |
| Common Stock | Feb 29, 2016 | M | 5,203 | $24.03 | A | 36,895 | D | |
| Common Stock | Feb 29, 2016 | F | 4,933 | $26.19 | D | 31,962 | D | |
| Common Stock | Feb 29, 2016 | M | 10,824 | $23.48 | A | 42,786 | D | |
| Common Stock | Feb 29, 2016 | F | 10,113 | $26.19 | D | 32,673 | D | |
| Common Stock | Feb 29, 2016 | M | 2,789 | $22.85 | A | 35,462 | D | |
| Common Stock | Feb 29, 2016 | F | 2,561 | $26.19 | D | 32,901 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Option (Right to Buy)F2 | $25.35 | Feb 29, 2016 | M | 2,550 | A | — | Jan 28, 2025 | Common Stock | 2,550 | 7,650 | D |
| Employee Stock Option (Right to Buy)F3 | $24.03 | Feb 29, 2016 | M | 5,203 | A | — | Jan 29, 2024 | Common Stock | 5,203 | 5,202 | D |
| Employee Stock Option (Right to Buy)F4 | $23.48 | Feb 29, 2016 | M | 10,824 | A | — | Jan 25, 2022 | Common Stock | 10,824 | 0 | D |
| Employee Stock Option (Right to Buy)F5 | $22.85 | Feb 29, 2016 | M | 2,789 | A | — | Jan 26, 2021 | Common Stock | 2,789 | 0 | D |
Explanation of responses
- F1The information provided reflects 77 shares acquired via dividend reinvestment since January 27, 2016 which did not require a timely Form 4 filing. This information is being furnished to disclose the total holdings of the insider as of the date of this Form 4.
- F2The options vest in four equal installments beginning January 28, 2016.
- F3The options vest in four equal installments beginning January 29, 2015.
- F4The options vest in four equal installments beginning January 25, 2013.
- F5The options vest in four equal installments beginning January 26, 2012.