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ARROW FINANCIAL CORP Director's Dealing 2019

Jan 31, 2019

32888_dirs_2019-01-31_a3b27149-7303-4387-b042-8e6e239d0c9a.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: 2019-01-30

Reporting Person: Murphy Thomas J. (Director, President & CEO)

Derivative Transactions

Date Security Exercise Price Code Shares A/D Expiration Underlying Ownership
2019-01-30 Employee Stock Option (Right to Buy) $31.71 A 10000 Acquired 2029-01-30 Common Stock (10000.0) Direct
2019-01-30 Restricted Stock Units $ A 3901 Acquired Common Stock (3901.0) Direct

Holdings (Non-Derivative)

Security Shares Ownership
Common Stock 44672 Direct

Footnotes

F1: The information provided reflects 929 shares acquired under the Company's DRIP and 1180 shares acquired via a stock dividend since June 04, 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.

F2: The option vests in four equal annual installments beginning January 30, 2020

F3: Each restricted stock unit represents the contingent right to receive one share of AROW common stock provided that the Grantee remains employed through the applicable vesting date of January 31, 2022