SEC Form 4 · accession 0000717538-18-000132

ARROW FINANCIAL CORP · AROW

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — President & CEO · Director

Period of report

Jun 4, 2018

Accepted (ET)

Jun 5, 2018 · 1:45 pm EDT

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
Common Stock^F1	Jun 4, 2018	M	2,759	$22.65	A	43,412	D
Common Stock	Jun 4, 2018	F	2,065	$37.70	D	41,347	D
Common Stock	Jun 4, 2018	M	2,705	$23.89	A	44,052	D
Common Stock	Jun 4, 2018	F	2,080	$37.70	D	41,972	D
Common Stock	Jun 4, 2018	M	2,653	$24.37	A	44,625	D
Common Stock	Jun 4, 2018	F	2,062	$37.70	D	42,563	D

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	$22.65	Jun 4, 2018	M	2,759	D	—	Jan 29, 2024	Common Stock	2,759	0	D
Employee Stock Option (Right to Buy)^F3	$23.89	Jun 4, 2018	M	2,705	D	—	Jan 28, 2025	Common Stock	2,705	2,705	D
Employee Stock Option (Right to Buy)^F4	$24.37	Jun 4, 2018	M	2,653	D	—	Jan 27, 2026	Common Stock	2,653	1,202	D

F1The information provided reflects 387 shares acquired under the Company's DRIP and 486 shares related to the 2017 ESOP allocation acquired since January 31, 2018 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 vested in four equal annual installments beginning January 29, 2015
F3The options vested in four equal annual installments beginning January 28, 2016
F4The options vested in four equal annual installments beginning January 27, 2017