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: 2019-10-28

Reporting Person: REISMAN RICHARD J DMD (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-10-28	Common Stock	G	60	—	Disposed	15101	Direct
2019-11-29	Common Stock	J	265	$35.86	Acquired	15366	Direct

Footnotes

F1: The information provided reflects 327 shares acquired under the Company's DRIP and 273 shares acquired via a stock dividend since August 21, 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.

F2: Semi-annual Director's Retainer payment. Shares acquired by the Administrator of the Director's Stock Plan.