XNYS:HVB Hudson Valley Holding Corp Insider Activity 4 Filing - 2/3/2012

Effective Date 2/3/2012

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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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
LANDY JAMES J
  2. Issuer Name and Ticker or Trading Symbol
HUDSON VALLEY HOLDING CORP [HVB]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
President & CEO
(Last)
(First)
(Middle)
C/O 21 SCARSDALE ROAD
3. Date of Earliest Transaction (Month/Day/Year)
02/03/2012
(Street)

YONKERS, NY 10707
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 12/05/2011   J(1) V 11,821(1) A $ 0 130,031(2) D  
Common Stock 12/05/2011   J(1) V 721(1) A $ 0 7,938(2)(3) D  
Common Stock 12/05/2011   J(1) V 7,794(1) A $ 0 85,751(2)(4) I by Spouse
Common Stock 12/07/2011   G(5) V 1,854(5) D $ 0 128,177 D  
Common Stock 12/07/2011   G V 618(6) A $ 0 86,369(7) I by Spouse
Common Stock 02/03/2012   P   1,000 A $17.75 129,177 D  

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)
7. Title and Amount of Underlying Securities
(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 Options (Right-to-Buy) $18.74(8) 12/05/2011   J(9) V 354     (10) 01/01/2015 Common Stock 354 $ 0 3,896(2) D  
Employee Stock Options (Right-to-Buy) $23.71(8) 12/05/2011   J(9) V 1,610     (11) 02/07/2016 Common Stock 1,610 $ 0 17,710(2) D  
Employee Stock Options (Right-to-Buy) $35.25(8) 12/05/2011   J(9) V 1,024     (12) 12/06/2012 Common Stock 1,024 $ 0 11,269(2) D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
LANDY JAMES J
C/O 21 SCARSDALE ROAD
YONKERS, NY 10707
  X     President & CEO  

Signatures

 /s/James J. Landy   02/03/2012
** Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1) Stock dividend of .10 share of common stock for each share held at close of business on 11/23/2011, that was paid on 12/05/2011.
(2) Amount reflects stock dividend of .10 share of common stock for each share or option held at close of business on 11/23/2011, that was paid on 12/05/2011.
(3) Held jointly with spouse.
(4) Includes 79,869 shares held by spouse of Reporting Person; 5,882 shares held by spouse of Reporting Person as custodian for minor child.
(5) Gift of stock to family 618 shares to each of 2 adult children and 618 shares to spouse of Reporting Person as custodian of minor children.
(6) Gift of stock from Reporting Person to spouse of Reporting Person as custodian of minor child.
(7) Includes 79,869 shares held by spouse of Reporting Person; 6,500 shares held by spouse of Reporting Person as custodian for minor child.
(8) Option grant price has been adjusted to reflect the allocation of 10% stock dividends.
(9) Allocation of stock dividend of .10 share of common stock for each option.
(10) Options became exercisable at 20% per year over 5 years on the anniversary of the grant, beginning on the date of the original grant of 01/01/2005. Accordingly, all options are presently exercisable.
(11) Options became exercisable at 20% per year over 5 years on the anniversary of the grant, beginning on the date of the original grant of 02/07/2006. Accordingly, all options are presently exercisable.
(12) Options became exercisable at 20% per year over 5 years on the anniversary of the grant, beginning on the date of the original grant of 12/06/2007. Accordingly, all options are presently exercisable.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

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XNYS:HVB Hudson Valley Holding Corp Insider Activity 4 Filling

Hudson Valley Holding Corp XNYS:HVB Stock - Get Insider Activity SEC Filing of Hudson Valley Holding Corp XNYS:HVB stocks, including company profile, shares outstanding, strategy, business segments, operations, officers, consolidated financial statements, financial notes and ownership information.

XNYS:HVB Hudson Valley Holding Corp Insider Activity 4 Filing - 2/3/2012
Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol |  Title Star Rating |  Category |  Total Assets |  Top Holdings |  Top Sectors |  Symbol |  Name Title |  Date |  Author |  Collection |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Name |  Ticker |  Star Rating |  Market Cap |  Stock Type |  Sector |  Industry Star Rating |  Investment Style |  Total Assets |  Category |  Top Holdings |  Top Sectors |  Symbol / Ticker |  Title Star Rating |  Category |  Total Assets |  Symbol / Ticker |  Name Title |  Date |  Author |  Collection |  Popularity |  Interest Title |  Date |  Company |  Symbol |  Interest |  Popularity Topic |  Sector |  Key Indicators |  User Interest |  Market Cap |  Industry Title |  Date |  Company |  Symbol |  Interest |  Popularity

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