SEC Form 4 · accession 0000717538-17-000053
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 14, 2017
Accepted (ET)
Feb 15, 2017 · 3:22 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 14, 2017 | M | 2,679 | $23.33 | A | 37,845 | D | |
| Common Stock | Feb 14, 2017 | F | 2,097 | $35.60 | D | 35,748 | D | |
| Common Stock | Feb 14, 2017 | M | 2,626 | $24.61 | A | 38,374 | D | |
| Common Stock | Feb 14, 2017 | F | 2,115 | $35.60 | D | 36,259 | D | |
| Common Stock | Feb 14, 2017 | M | 2,575 | $25.10 | A | 38,834 | D | |
| Common Stock | Feb 14, 2017 | F | 2,097 | $35.60 | D | 36,737 | 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 | $23.33 | Feb 14, 2017 | M | 2,679 | D | — | Jan 29, 2024 | Common Stock | 2,679 | 2,679 | D |
| Employee Stock Option (Right to Buy)F3 | $24.61 | Feb 14, 2017 | M | 2,626 | D | — | Jan 28, 2025 | Common Stock | 2,626 | 5,253 | D |
| Employee Stock Option (Right to Buy)F4 | $25.10 | Feb 14, 2017 | M | 2,575 | D | — | Jan 27, 2026 | Common Stock | 2,575 | 7,725 | D |
Explanation of responses
- F1The information provided reflects 59 shares acquired under the Company's DRIP since January 25, 2017 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 options vest in four equal installments beginning January 29, 2015
- F3The option vests in four equal installments beginning January 28, 2016.
- F4The option vests in four equal installments beginning January 27, 2017.