ARROW FINANCIAL CORP — Director's Dealing 2020

Mar 19, 2020

SEC Form 4/A — Form 4/A

Issuer: ARROW FINANCIAL CORP (AROW)
CIK: 0000717538
Period of Report: 2019-09-03

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2019-09-03	Common Stock	M	2786	$23.19	Acquired	48903	Direct
2019-09-03	Common Stock	F	2309	$31.82	Disposed	46594	Direct
2019-09-03	Common Stock	M	2732	$23.66	Acquired	49326	Direct
2019-09-03	Common Stock	F	2290	$31.82	Disposed	47036	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-09-03	Employee Stock Option (Right to Buy)	$23.19	M	2786	Disposed	2025-01-28	Common Stock (2786.0)	Direct
2019-09-03	Employee Stock Option (Right to Buy)	$23.66	M	2732	Disposed	2026-01-27	Common Stock (2732.0)	Direct

Footnotes

F1: The information provided reflects 799 shares acquired under the Company's DRIP since January 30, 2019 which were not required to be reported on a Form 4 and 646 shares related to the 2018 ESOP allocation. This information is being furnished to disclose the total holdings of the insider as of the date of this Form 4.

F2: This amendment is being file to correct an overstatement of 3,000 shares in Mr. Murphy's ESOP account.

F3: The options vested in four equal annual installments beginning January 28, 2016.

F4: The options vested in four equal annual installments beginning January 27, 2017.