SEC FORM 5

SEC Form 5

FORM 5

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

ANNUAL STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

Form 3 Holdings Reported.

Form 4 Transactions Reported.

1. Name and Address of Reporting Person^*

SINGER CECILE D

(Last)

(First)

(Middle)

C/O 21 SCARSDALE ROAD

(Street)

YONKERS

10707

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
HUDSON VALLEY HOLDING CORP [ HUVL ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Statement for Issuer's Fiscal Year Ended (Month/Day/Year)
12/31/2009

4. If Amendment, Date of 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

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 at end of Issuer's Fiscal Year (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	08/05/2009		W⁽¹⁾	12,082	D	$0.00	0⁽¹⁾	I	by spouse
Common Stock	08/05/2009		W⁽¹⁾	12,082	A	$0.00	12,082	I	by estate of spouse⁽¹⁾
Common Stock	08/05/2009		W⁽¹⁾	12,082	D	$0.00	0	I	by estate of spouse⁽¹⁾
Common Stock	08/05/2009		W⁽²⁾	12,082⁽²⁾	A	$0.00	71,552	D
Common Stock	08/26/2009		W⁽³⁾	20,578	D	$0.00	0	I	by spouse IRA
Common Stock	08/26/2009		W⁽³⁾	20,578⁽³⁾	A	$0.00	28,536	I	by IRA
Common Stock	12/17/2009		J⁽⁴⁾	7,155⁽⁴⁾	A	$0.00	78,707⁽⁵⁾	D
Common Stock	12/17/2009		J⁽⁴⁾	2,853⁽⁴⁾	A	$0.00	31,389⁽⁵⁾	I	by IRA
Common Stock	12/17/2009		J⁽⁴⁾	522⁽⁴⁾	A	$0.00	5,748⁽⁵⁾⁽⁶⁾	I	as custodian⁽⁶⁾
Common Stock	12/17/2009		J⁽⁴⁾	155⁽⁴⁾	A	$0.00	1,705⁽⁵⁾⁽⁷⁾	D⁽⁷⁾
Common Stock	12/31/2009		G⁽⁸⁾	2,000⁽⁸⁾	D	$0.00	76,706	D
Common Stock	12/31/2009		G⁽⁹⁾	1,000⁽⁹⁾	A	$0.00	6,748⁽¹⁰⁾	I	as custodian⁽¹⁰⁾
Common Stock	12/31/2009		G⁽¹¹⁾	1,000⁽¹¹⁾	A	$0.00	2,705⁽¹²⁾	D⁽¹²⁾

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 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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. Reporting Person became Executrix of the Estate of her spouse (David Singer) upon his death April 12, 2009.

2. Reporting Person became Executrix of Estate of her spouse (David Singer) upon his death April 12, 2009. The Reporting Person inherited all the shares of common stock held by the Estate.

3. The Reporting Person through her IRA, is the sole beneficiary reflected on the IRA documents of the Reporting Person's spouse.

4. Stock dividend of .10 share of common stock for each share held that was paid on 12/17/2009.

5. Amount reflects stock dividend of .10 share of common stock for each share held that was paid on 12/17/2009.

6. Held by Reporting Person as custodian for 4 grandchildren under the Uniform Transfers to Minors Act (1,510 shares of stock for each of 2 grandchildren and 1,364 shares of stock for each of 2 grandchildren)

7. Held by Reporting Person jointly with each of 2 daughters (550 shares of stock jointly with one daughter and 1,155 shares of stock jointly with the 2nd daughter)

8. Gift of stock to family of Reporting Person (250 shares to each of 4 grandchildren with the Reporting Person as custodian and 500 shares to joint tenancy with each of 2 daughters)

9. Gift of stock to family of Reporting Person (250 shares to each of 4 grandchildren with Reporting Person as custodian)

10. Held by Reporting Person as custodian for 4 grandchildren under the Uniform Transfers to Minors Act (1,760 shares of stock for each of 2 grandchildren and 1,614 shares of stock for each of 2 grandchildren)

11. Gift of stock to family of Reporting Person (500 shares to each of 2 daughters joint tenant with Reporting Person)

12. Held by Reporting Person jointly with each of 2 daughters (1,050 shares of stock jointly with 1 daughter; 1,655 shares of stock with 2nd daughter)

Remarks:

	/s/ Stephen R. Brown (Stephen R. Brown as Attorney-in-Fact for Cecile D. Singer)	02/11/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.