SEC Form 4 · accession 0000717538-16-000355
ARROW FINANCIAL CORP · AROW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael B Clarke
Director
Period of report
Aug 19, 2016
Accepted (ET)
Nov 16, 2016 · 4:35 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 | Nov 15, 2016 | M | 1,218 | $18.54 | A | 1,918 | D | |
| Common Stock | Nov 15, 2016 | M | 1,183 | $20.78 | A | 3,101 | D | |
| Common Stock | Nov 15, 2016 | M | 1,148 | $22.18 | A | 4,249 | D | |
| Common Stock | Nov 15, 2016 | M | 1,114 | $22.80 | A | 5,363 | D | |
| Common Stock | Nov 15, 2016 | M | 819 | $22.21 | A | 6,182 | D | |
| Common Stock | Nov 15, 2016 | M | 535 | $23.33 | A | 6,717 | D | |
| Common Stock | Nov 15, 2016 | M | 262 | $24.61 | A | 6,979 | D | |
| Common StockF2 | Aug 19, 2016 | G | 300 | $0.00 | D | 15,141 | I | Wife's Trust |
| Common Stock | Oct 14, 2016 | G | 150 | $0.00 | D | 14,991 | I | Wife's Trust |
| Common Stock | Nov 10, 2016 | G | 491 | $0.00 | D | 14,500 | I | Wife's Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Director Stock Option (Right to Buy)F3 | $18.54 | Nov 15, 2016 | M | 1,218 | D | — | Jan 21, 2019 | Common Stock | 1,218 | 0 | D |
| Director Stock Option (Right to Buy)F4 | $20.78 | Nov 15, 2016 | M | 1,183 | D | — | Jan 27, 2020 | Common Stock | 1,183 | 0 | D |
| Director Stock Option (Right to Buy)F5 | $22.18 | Nov 15, 2016 | M | 1,148 | D | — | Jan 26, 2021 | Common Stock | 1,148 | 0 | D |
| Director Stock Option (Right to Buy)F6 | $22.80 | Nov 15, 2016 | M | 1,114 | D | — | Jan 25, 2022 | Common Stock | 1,114 | 0 | D |
| Director Stock Option (Right to Buy)F7 | $22.21 | Nov 15, 2016 | M | 819 | D | — | Jan 31, 2023 | Common Stock | 819 | 274 | D |
| Director Stock Option (Right to Buy)F8 | $23.33 | Nov 15, 2016 | M | 535 | D | — | Jan 29, 2024 | Common Stock | 535 | 536 | D |
| Director Stock Option (Right to Buy)F9 | $24.61 | Nov 15, 2016 | M | 262 | D | — | Jan 28, 2025 | Common Stock | 262 | 789 | D |
Explanation of responses
- F1The information provided reflects 5 shares acquired under the Company's DRIP and 21shares acquired via a stock dividend since July 25, 2016 which were not required to be reported on a Form 4. This information is being furnished to disclose the total holdings of the insider as of the date of this Form 4.
- F2The information provided reflects 441 shares acquired via a stock dividend since July 25, 2016 which were not required to be reported on a Form 4. This information is being furnished to disclose the total holdings of the insider as of the date of this Form 4.
- F3The option vests in four equal installments beginning January 21, 2010.
- F4The option vests in four equal installments beginning January 27, 2011.
- F5The option vests in four equal installments beginning January 26, 2012.
- F6The option vests in four equal installments beginning January 25, 2013.
- F7The option vests in four equal installments beginning January 31, 2014.
- F8The option vests in four equal installments beginning January 29, 2015.
- F9The option vests in four equal installments beginning January 28, 2016.