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ARROW FINANCIAL CORP — Director's Dealing 2011
Jan 27, 2011
32888_dirs_2011-01-27_af021e28-e2be-4848-99da-d8ceb13a13ff.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: ARROW FINANCIAL CORP (AROW)
CIK: 0000717538
Period of Report: 2011-01-26
Reporting Person: REISMAN RICHARD J DMD (Director)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2011-01-26 | Common Stock | J | 0 | — | Acquired | 19998 | Direct |
| 2011-01-26 | Common Stock | J | 0 | — | Acquired | 439 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2011-01-26 | Director Stock Option (Right to Buy) | $25.47 | A | 944 | Acquired | 2021-01-26 | Common Stock (944) | Direct |
Footnotes
F1: Amount of securities beneficially owned.
F2: Following the reported transaction, total direct holdings include 2,060 shares held with broker through Jan. 26, 2011; 9,378 shares acquired under the Company's DRIP includes 83 shares acquired through Jan. 26, 2011; and 8,560 shares acquired under the Company's ESPP includes 114 shares acquired through Jan. 26, 2011. Total direct holdings include 569 shares resulting from the Company's 3% stock dividend distributed on Sept. 29, 2011.
F3: The option vests in four equal annual installments beginning on January 26, 2012.