SEC Form 4 · accession 0000717538-18-000167
ARROW FINANCIAL CORP · AROW
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David G Kruczlnicki
Director
Period of report
Sep 14, 2018
Accepted (ET)
Sep 14, 2018 · 6:55 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Sep 14, 2018 | M | 1,133 | $21.53 | A | 34,389 | D | |
| Common Stock | Sep 14, 2018 | F | 629 | $38.80 | D | 33,760 | D | |
| Common Stock | Sep 14, 2018 | M | 1,147 | $22.14 | A | 34,907 | D | |
| Common Stock | Sep 14, 2018 | F | 654 | $38.80 | D | 34,253 | D | |
| Common Stock | Sep 14, 2018 | M | 1,126 | $21.56 | A | 35,379 | D | |
| Common Stock | Sep 14, 2018 | F | 626 | $38.80 | D | 34,753 | D | |
| Common Stock | Sep 14, 2018 | M | 1,103 | $22.65 | A | 35,856 | D | |
| Common Stock | Sep 14, 2018 | F | 644 | $38.80 | D | 35,212 | D | |
| Common Stock | Sep 14, 2018 | M | 812 | $23.89 | A | 36,024 | D | |
| Common Stock | Sep 14, 2018 | F | 500 | $38.80 | D | 35,524 | D | |
| Common Stock | Sep 14, 2018 | M | 530 | $24.37 | A | 36,054 | D | |
| Common Stock | Sep 14, 2018 | F | 333 | $38.80 | D | 35,721 | D | |
| Common Stock | Sep 14, 2018 | M | 257 | $36.12 | A | 35,978 | D | |
| Common Stock | Sep 14, 2018 | F | 239 | $38.80 | D | 35,739 | 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 | $21.53 | Sep 14, 2018 | M | 1,133 | D | — | Jan 26, 2021 | Common Stock | 1,133 | 0 | D |
| Director Stock Option (Right to Buy)F3 | $22.14 | Sep 14, 2018 | M | 1,147 | D | — | Jan 25, 2022 | Common Stock | 1,147 | 0 | D |
| Director Stock Option (Right to Buy)F4 | $21.56 | Sep 14, 2018 | M | 1,126 | D | — | Jan 31, 2023 | Common Stock | 1,126 | 0 | D |
| Director Stock Option (Right to Buy)F5 | $22.65 | Sep 14, 2018 | M | 1,103 | D | — | Jan 29, 2024 | Common Stock | 1,103 | 0 | D |
| Director Stock Option (Right to Buy)F6 | $23.89 | Sep 14, 2018 | M | 812 | D | — | Jan 28, 2025 | Common Stock | 812 | 271 | D |
| Director Stock Option (Right to Buy)F7 | $24.37 | Sep 14, 2018 | M | 530 | D | — | Jan 27, 2026 | Common Stock | 530 | 531 | D |
| Director Stock Option (Right to Buy)F8 | $36.12 | Sep 14, 2018 | M | 257 | D | — | Jan 25, 2027 | Common Stock | 257 | 773 | D |
Explanation of responses
- F1The information provided reflects 230 shares acquired under the Company's DRIP since May 30, 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 installments beginning January 26, 2012
- F3The options vested in four equal installments beginning January 25, 2013
- F4The options vested in four equal installments beginning January 31, 2014
- F5The options vest in four equal installments beginning January 29, 2015
- F6The options vest in four equal installments beginning January 28, 2016
- F7The options vest in four equal installments beginning January 27, 2017
- F8The options vest in four equal installments beginning January 25, 2018