SEC Form 4 · accession 0000717538-18-000039
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
Jan 31, 2018
Accepted (ET)
Feb 1, 2018 · 5:30 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 | holding | — | — | — | 39,780 | 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 | $32.80 | Jan 31, 2018 | A | 10,000 | A | — | Jan 31, 2028 | Common Stock | 10,000 | 10,000 | D |
| Restricted Stock UnitsF3 | — | Jan 31, 2018 | A | 3,279 | A | Jan 31, 2021 | — | Common Stock | 3,279 | 3,279 | D |
Explanation of responses
- F1The information provided reflects 1158 shares acquired under the Company's DRIP and 1053 shares acquired via a stock dividend since March 06, 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 annual installments beginning January 31, 2019
- F3Each restricted stock unit represents the contingent right to receive one share of AROW common stock provided that the Grantee remains employed through the applicable vesting date of January 31, 2021.