ARROW FINANCIAL CORP — Director's Dealing 2019

Dec 2, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: ARROW FINANCIAL CORP (AROW)
CIK: 0000717538
Period of Report: 2019-06-10

Reporting Person: Clarke Michael B (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-11-29	Common Stock	J	265	$35.86	Acquired	2631	Direct
2019-06-10	Common Stock	G	150	—	Disposed	11850	Indirect
2019-07-08	Common Stock	G	250	—	Disposed	11600	Indirect
2019-07-25	Common Stock	G	300	—	Disposed	11300	Indirect
2019-10-15	Common Stock	G	150	—	Disposed	11489	Indirect
2019-11-13	Common Stock	G	889	—	Disposed	10600	Indirect

Footnotes

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

F2: The information provided reflects 35 shares acquired under the Company's DRIP and 69 shares acquired via a stock dividend since May 30, 2019 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.

F3: The information provided reflects 339 shares acquired via a stock dividend since May 30, 2019 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.