ARROW FINANCIAL CORP — Director's Dealing 2018

Nov 30, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW FINANCIAL CORP (AROW)
CIK: 0000717538
Period of Report: 2018-11-29

Reporting Person: Read Colin L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-11-29	Common Stock	J	221	$35.13	Acquired	8302	Direct

Footnotes

F1: Semi-annual Director's Retainer payment. Shares acquired by the Administrator of the Director's Stock Plan.

F2: The information provided reflects 23 shares acquired under the Company's DRIP and 235 shares acquired via a stock dividend since May 30, 2018 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.