SEC Form 4 · accession 0001209191-15-011913
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
Feb 9, 2015
Accepted (ET)
Feb 11, 2015 · 3:25 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 | Feb 9, 2015 | S | 2,000 | $25.94 | D | 6,883 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Includes 969 shares of Restricted Stock 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).
- F2Includes 3,750 shares of Restricted Stock which 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 Restricted Stock Award of 1,758 shares which vested immediately upon grant. Accordingly, 1,758 shares vested on 12/30/2014.
- F4Includes Restricted Stock Units, representing 1,758 shares, which vested on 12/30/2014.