SEC Form 4 · accession 0001209191-15-024135
HUDSON VALLEY HOLDING CORP · HVB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew J Reinhart
Officer — 1stSVP/Controller/AsstTreasr
Period of report
Mar 6, 2015
Accepted (ET)
Mar 9, 2015 · 4:58 pm EDT
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 | Mar 6, 2015 | F | 230 | $25.82 | D | 23,475 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Employee Stock Options (Right-to-Buy)F5 | $23.76 | holding | — | — | — | — | Feb 7, 2016 | Common Stock | 5,126 | 5,126 | D |
Explanation of responses
- F1Includes 2,172 shares of Restricted Stock which vest at 25% per year over 4 years, beginning on the date of the grant (03/06/2013). Accordingly, 1,629 shares have vested (including 543 shares that vested on 03/06/2015) and 543 shares will vest on 03/06/2016.
- F2Includes 1,980 shares of Restricted Stock which vest at 25% per year over 4 years beginning on the date of the grant (03/14/2012). Accordingly, 1,485 shares have vested and 495 shares will vest on 03/14/2015.
- F3Includes 10,500 shares of Restricted Stock from an original grant of 15,000 shares of Restricted Stock which vest over 4 years on the anniversary of the grant commencing 12/7/2013, at a rate of 15% for each of the first and second years and a rate of 35% for each of the third and fourth years. Accordingly, 2,250 shares vested on each of 12/7/2013 and 12/7/2014, and 5,250 shares will vest on each of 12/7/2015 and 12/7/2016.
- F4Includes 1,976 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 (659 shares vested on 02/20/2015, 659 shares will vest on 02/20/2016 and 658 shares will vest on 02/20/2017).
- F5Options became exercisable at 20% per year over 5 years on the anniversary of the grant, beginning on the first anniversary of the date of the original grant of 02/07/2006. Accordingly, all options are presently exercisable.