SEC Form 4 · accession 0000717538-16-000360
ARROW FINANCIAL CORP · AROW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gary C Dake
Director
Period of report
Nov 18, 2016
Accepted (ET)
Nov 28, 2016 · 4:53 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 18, 2016 | G | 54 | $0.00 | D | 34,465 | D | |
| Common Stock | Nov 25, 2016 | M | 535 | $23.33 | A | 35,000 | D | |
| Common Stock | Nov 25, 2016 | F | 316 | $39.45 | D | 34,684 | D | |
| Common Stock | Nov 25, 2016 | M | 262 | $24.61 | A | 34,946 | D | |
| Common Stock | Nov 25, 2016 | F | 163 | $39.45 | D | 34,783 | D |
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)F2 | $23.33 | Nov 25, 2016 | M | 535 | D | — | Jan 29, 2024 | Common Stock | 535 | 536 | D |
| Director Stock Option (Right to Buy)F3 | $24.61 | Nov 25, 2016 | M | 262 | D | — | Jan 28, 2025 | Common Stock | 262 | 789 | D |
Explanation of responses
- F1The information provided reflects 1,002 shares acquired under the Company's DRIP and 398 shares acquired via a 3% 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 option vests in four equal installments beginning January 29, 2015.
- F3The option vests in four equal installments beginning January 28, 2016.