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ARROW FINANCIAL CORP Director's Dealing 2016

Dec 6, 2016

32888_dirs_2016-12-06_0d15be4c-ce84-43be-9597-dbafda2bc336.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: 2016-12-05

Reporting Person: Goodemote Terry R (EVP & CFO)

Non-Derivative Transactions

Date Security Code Shares Price A/D Holdings After Ownership
2016-12-05 Common Stock P 2556 $38.833 Disposed 15786 Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 91 Indirect

Footnotes

F1: The information provided reflects 143 shares acquired under the Company's DRIP and 226 shares acquired via stock dividends since May 24, 2016 which were not required to be reported on a Form 4. This information is being furnished to disclose the total holdings of the insider as of the date of this Form 4.

F2: The information provided reflects 1 share acquired under the Company's DRIP and 3 shares acquired via stock dividends since May 24, 2016 which were not required to be reported on a Form 4. This information is being furnished to disclose the total holdings of the insider as of the date of this Form 4.