Statement of Changes in Beneficial Ownership (4)
April 30 2021 - 2:20PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Wise Andrew J |
2. Issuer Name and Ticker or Trading Symbol
ARROW FINANCIAL CORP
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AROW
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) SVP, Chief Operating Officer |
(Last)
(First)
(Middle)
250 GLEN STREET |
3. Date of Earliest Transaction
(MM/DD/YYYY)
4/29/2021 |
(Street)
GLENS FALLS, NY 12801
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 4/29/2021 | | F | | 583 | D | $35.90 | 1188 (1) | D | |
Common Stock | 4/29/2021 | | M | | 700 | A | $29.89 | 1888 | D | |
Common Stock | 4/29/2021 | | M | | 700 | A | $30.01 | 2588 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Employee Stock Option (Right to Buy) | $29.89 | 4/29/2021 | | M | | | 700 | (2) | 1/30/2029 | Common Stock | 700.0 | $0 | 4605 | D | |
Employee Stock Option (Right to Buy) | $30.01 | 4/29/2021 | | M | | | 700 | (3) | 1/31/2028 | Common Stock | 700.0 | $0 | 2032 | D | |
Explanation of Responses: |
(1) | The information provided reflects 105 shares acquired under the Company's DRIP and 294 shares related to the 2020 ESOP allocation since January 27, 2021 which were not required to 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. |
(2) | The option vests in four equal annual installments beginning January 29, 2020 |
(3) | The option vests in four equal annual installments beginning January 31, 2019 |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Wise Andrew J 250 GLEN STREET GLENS FALLS, NY 12801 |
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| SVP, Chief Operating Officer |
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Signatures
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Thomas J. Murphy, Attorney in Fact | | 4/30/2021 |
**Signature of Reporting Person | Date |
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