FORM 4 |
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940 |
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b). |
1. Name and Address of Reporting Person*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
HUDSON VALLEY HOLDING CORP [ HUVL ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 11/29/2010 | ||||||||||||||||||||||||||
4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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1. Title of Security (Instr. 3) | 2. Transaction Date (Month/Day/Year) | 2A. Deemed Execution Date, if any (Month/Day/Year) | 3. Transaction Code (Instr. 8) | 4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5) | 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) | 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 7. Nature of Indirect Beneficial Ownership (Instr. 4) | |||
Code | V | Amount | (A) or (D) | Price | ||||||
Common Stock | 11/29/2010 | S | 3,000 | D | $20.96(1) | 55,527 | I | by Trust for Daughter I(2) | ||
Common Stock | 11/29/2010 | S | 3,000 | D | $20.96(1) | 55,524 | I | by Trust for Daughter II(2) | ||
Common Stock | 11/29/2010 | S | 8,500 | D | $20.95(1) | 624,115 | I | by BMW Machinery (of which Reporting Person is the principal shareholder) | ||
Common Stock | 11/30/2010 | S | 6,100 | D | $21.33(3) | 618,015 | I | by BMW Machinery (of which Reporting Person is the principal shareholder) | ||
Common Stock | 12/01/2010 | S | 1,000 | D | $20.39(4) | 54,527 | I | by Trust for Daughter I(2) | ||
Common Stock | 12/01/2010 | S | 1,000 | D | $20.39(4) | 54,524 | I | by Trust for Daughter II(2) | ||
Common Stock | 12/01/2010 | S | 10,000 | D | $20.4(5) | 608,015 | I | by BMW Machinery (of which Reporting Person is the principal shareholder) | ||
Common Stock | 117,086(6) | D | ||||||||
Common Stock | 116,575 | I | by Trust f/b/o M. Holcombe | |||||||
Common Stock | 500,000 | I | by Eldred Preserve LLC (for which Reporting Person serves as co-manager) | |||||||
Common Stock | 249(7) | D | ||||||||
Common Stock | 6,227 | I | by Family Foundation | |||||||
Common Stock | 1,243 | I | By Irr Insurance Trust | |||||||
Common Stock | 2,042 | I | By Trust for Daughter I | |||||||
Common Stock | 2,042 | I | By Trust for Daughter II | |||||||
Common Stock | 2,848 | I | G.F. Holcombe a/c/f Daughters(8) | |||||||
Common Stock | 1,311 | I | by Family Trust |
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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1. Title of Derivative Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date (Month/Day/Year) | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) | ||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Employee Stock Option (Right-to-Buy) | $42 | 01/01/2006 | 01/01/2016 | Common Stock | 12,590 | 12,590 | D |
1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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Explanation of Responses: |
1. This price represents the weighted average sale price of stock sales that were executed at prices ranging from $20.55 through $21.46 per share. The Reporting Persons hereby undertake, upon request by the SEC staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price. |
2. Marie A. Holcombe serves as a co-trustee of this Trust effective May 24, 2010. |
3. This price represents the weighted average sale price of stock sales that were executed at prices ranging from $21.25 through $21.42 per share. The Reporting Persons hereby undertake, upon request by the SEC staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price. |
4. This price represents the weighted average sale price of stock sales that were executed at prices ranging from $20.25 through $20.50 per share. The Reporting Persons hereby undertake, upon request by the SEC staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price. |
5. This price represents the weighted average sale price of stock sales that were executed at prices ranging from $20.25 through $20.52 per share. The Reporting Persons hereby undertake, upon request by the SEC staff, the issuer or a security holder of the issuer, to provide full information regarding the number of shares sold at each separate price. |
6. Shares held jointly by Reporting Persons. |
7. These shares are owned by Gregory F. Holcombe. |
8. By Gregory F. Holcombe as custodian equally for each of his 2 daughters. |
/s/ Stephen R. Brown (Stephen R. Brown as Attorney-in-Fact for Gregory F. & Marie A. Holcombe) | 12/01/2010 | |
** Signature of Reporting Person | Date | |
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | ||
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v). | ||
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). | ||
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure. | ||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. |