SEC Form 4 · accession 0001209191-15-016764
HUDSON VALLEY HOLDING CORP · HVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
James P Blose
Officer — EVP, General Counsel
Period of report
Feb 20, 2015
Accepted (ET)
Feb 20, 2015 · 4:44 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 | Feb 20, 2015 | F | 409 | $25.77 | D | 11,432 | D | |
| Common StockF1,F2 | Feb 20, 2015 | S | 3,500 | $25.74 | D | 7,932 | D | |
| Common Stock | holding | — | — | — | 1,000 | I | by IRA |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options (Right-to--Buy)F3 | $26.46 | holding | — | — | — | Oct 2, 2006 | Oct 2, 2016 | Common Stock | 1,325 | 1,325 | D |
| Stock Options (Right-to-Buy)F3 | $35.27 | holding | — | — | — | Oct 17, 2007 | Oct 17, 2017 | Common Stock | 2,172 | 2,172 | D |
Explanation of responses
- F1Includes 2,900 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 (967 shares vested on 02/20/2015, 967 shares will vest on 02/20/2016 and 966 shares will vest on 02/20/2017).
- F2Includes 500 shares held jointly with spouse.
- F3Represents Non-Qualified Stock Options granted under the Issuer's 2002 Stock Option Plan to the Reporting Person in his capacity as an outside legal advisor to the Issuer.