SEC Form 4 · accession 0001209191-15-000370
HUDSON VALLEY HOLDING CORP · HVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John M Swadba
Other
Period of report
Dec 30, 2014
Accepted (ET)
Jan 2, 2015 · 7:01 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000722256
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3,F4 | Dec 30, 2014 | A | 1,758 | $0.00 | A | 8,435 | D | |
| Common StockF2,F3,F4 | Dec 30, 2014 | F | 655 | $27.37 | D | 7,780 | D | |
| Common StockF5,F6,F2,F3,F4,F7 | Dec 30, 2014 | M | 1,758 | $0.00 | A | 9,538 | D | |
| Common StockF2,F3,F4,F7 | Dec 30, 2014 | F | 655 | $27.37 | D | 8,883 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF6,F8 | $0.00 | Dec 30, 2014 | A | 1,758 | A | — | — | Common Stock | 1,758 | 1,758 | D |
| Restricted Stock UnitsF6,F8 | $0.00 | Dec 30, 2014 | M | 1,758 | D | — | — | Common Stock | 1,758 | 0 | D |
Explanation of responses
- F1Restricted Stock Award of 1,758 shares which vested 100% on the date of grant of 12/30/2014.
- F2Includes 2,232 shares of Restricted Stock that vested on 10/31/2013 upon the achievement of specified performance criteria and 3,750 shares that vest over 4 years on the anniversary of the grant commencing 07/26/2014, at a rate of 20% for each of the first and second years and at a rate of 30% for each of the third and fourth years. Accordingly, 750 shares vested on 07/26/2014, 750 shares will vest on 07/26/2015, and 1,125 shares will vest on each of 07/26/2016 and 07/26/2017.
- F3Includes 969 shares of Restricted Stock Award which vest over 3 years on the anniversary of the grant commencing 02/20/2015, at a rate of 33.3% for each year (323 shares will vest on each of 02/20/2015, 02/20/2016 and 02/20/2017).
- F4Includes Restricted Stock Award of 1,758 shares which vested immediately upon grant. Accordingly, 1,758 shares vested on 12/30/2014.
- F5Vesting of Restricted Stock Units, representing 1,758 shares, which were granted on 12/30/2014.
- F6Restricted Stock Units are convertible into common stock on a one-for-one basis.
- F7Includes Restricted Stock Units, representing 1,758 shares, which vested on 12/30/2014.
- F8On 12/30/2014, the Reporting Person was granted 1,758 Restricted Stock Units which vested immediately upon grant.