ARROW FINANCIAL CORP — Director's Dealing 2014

Aug 6, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW FINANCIAL CORP (Arow)
CIK: 0000717538
Period of Report: 2014-08-06

Reporting Person: DeMarco David S. (SVP)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2014-08-06	Common Stock	S	3978	$25.33	Disposed	17472	Direct

Footnotes

F1: Amount of securities beneficially owned following reported transaction.