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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
722256	Hudson Valley Holding Corp	HVB	State Commercial Banks (6022)	133148745

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1191173	Frank Skuthan	C/O 21 Scarsdale Road Yonkers NY 10707		No	No	No	Yes

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Acquisiton	2013-11-19	4,801	$16.99	57,010	No	4	M	Direct
Common Stock	Disposition	2013-11-19	401	$19.41	56,609	No	4	S	Direct
Common Stock	Disposition	2013-11-19	4,000	$19.45	52,609	No	4	S	Direct
Common Stock	Disposition	2013-11-19	400	$19.55	52,209	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	M	Direct
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Employee Stock Options (Right to Buy)	Disposition	2013-11-19	4,801	$0.00	4,801	$16.99

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
0		2014-01-01	No	4	M	Direct

Reported Derivative Holdings

Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Employee Stock Options (Right to Buy)	$18.85		2015-01-01	3,679	3,679	Direct
Common Stock	Employee Stock Options (Right to Buy)	$23.77		2016-01-01	5,830	5,830	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2015-01-01	3,679	3,679	Direct
2016-01-01	5,830	5,830	Direct

Footnotes

Includes 1,102 shares of Restricted Stock which vest over 3 years commencing on 03/06/2014 at a rate of 1/3 for each of the three years. Accordingly, 368 shares will vest on 03/06/2014 and 367 shares will vest on each of 03/06/2015 and 03/06/2016. Also includes 2,198 shares of Restricted Stock that vested on 10/31/2013 upon the achievement of specified performance criteria.
Includes 21,409 shares held jointly by Reporting Person and spouse.
Includes 27,500 shares of Restricted Stock which vest over 4 years on the anniversary of the grant commencing 12/7/2013, at a rate of 15% for each of the first and second years and a rate of 35% for each of the third and fourth years. Accordingly, 4,125 shares will vest on each of 12/7/2013 and 12/7/2014 and 9,625 shares will vest on each of 12/7/2015 and 12/7/2016.
Options became exercisable at 20% per year over 5 years on the anniversary of the grant, beginning on the date of the first anniversary of the original grant of 01/01/2004. Accordingly, all options are presently exercisable.
Options became exercisable at 20% per year over 5 years on the anniversary of the grant, beginning on the first anniversary of the date of the original grant of 01/01/2005. Accordingly, all options are presently exercisable.
Options became exercisable at 20% per year over 5 years on the anniversary of the grant, beginning on the first anniversary of the date of the original grant of 02/07/2006. Accordingly, all options are presently exercisable.