ARROW FINANCIAL CORP — Director's Dealing 2016

Dec 1, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW FINANCIAL CORP (AROW)
CIK: 0000717538
Period of Report: 2016-11-30

Reporting Person: Read Colin L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-30	Common Stock	J	204	$37.85	Acquired	6853	Direct

Footnotes

F1: The information provided reflects 209 shares acquired under the Company's DRIP and 191 shares acquired via a stock dividend since May 26, 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.