X0202 4 2005-12-19 0 0000722256 HUDSON VALLEY HOLDING CORP HUVL 0001191186 HOLCOMBE GREGORY F C/O 51 PONDFIELD ROAD BRONXVILLE NY 10708 1 0 1 0 0001119675 HOLCOMBE MARIE A 700 NEPPERHAN AVE YONKERS NY 10702 0 0 1 0 Common Stock 2005-12-19 5 J 0 E 2512 0.00 A 27635 D Common Stock 2005-12-19 5 J 0 E 98 0.00 A 1094 I G.F. Holcombe a/c/f daughters Common Stock 2005-12-19 5 J 0 E 85 0.00 A 939 I by Irr. Insurance Trust Common Stock 2005-12-19 5 J 0 E 4763 0.00 A 52396 D Common Stock 2005-12-19 5 J 0 E 76263 0.00 A 838895 I as co-executor of Estate of Robert H. Abplanalp Common Stock 2005-12-19 5 J 0 E 140 0.00 A 1540 I by Trust for Daughter I Common Stock 2005-12-19 5 J 0 E 140 0.00 A 1540 I by Trust for Daughter II Common Stock 2005-12-19 5 J 0 E 2977 0.00 A 32754 I by Trust for Daughter I Common Stock 2005-12-19 5 J 0 E 2977 0.00 A 32752 I by Trust for Daughter II Common Stock 2005-12-19 5 J 0 E 89 0.00 A 980 I by Family Trust Common Stock 2005-12-19 5 J 0 E 2977 0.00 A 32754 I by Trust for Niece Common Stock 2005-12-19 5 J 0 E 2977 0.00 A 32754 I by Trust for Nephew Common Stock 2005-12-19 5 J 0 E 43144 0.00 A 474591 I by BMW Machinery (of which Reporting Person is the principal shareholder) Common Stock 2006-02-02 4 P 0 47390 33.81 A 99786 D Common Stock 2006-02-02 5 G 0 E 838895 0.00 D 0 I as co-executors of Estate of Robert H. Abplanalp Common Stock 2006-02-02 5 G 0 E 838895 0.00 A 838895 I by Marital Trust Common Stock 2006-02-02 5 G 0 E 838895 0.00 D 0 I by Marital Trust Common Stock 2006-02-02 5 G 0 E 838895 0.00 A 838895 I by Trust f/b/o Marie Holcombe Common Stock 2006-07-11 4 A 0 833 42.00 A 28468 D Employee Stock Option (Right-to-Buy) 42.00 2006-06-12 4 A 0 8600 42.00 A 2006-06-12 2016-01-01 Common Stock 8600 8600 D Stock dividend of .10 share of common stock for each share held paid on 12/19/2005 (Amount reflects Stock Dividend of .10 share of common stock for each share held paid on 12/19/2005) These shares are owned by Gregory F. Holcombe by Gregory F. Holcombe as custodian equally for each of his 2 daughters These shares are owned by Marie Holcombe Transfer from Estate to Marital Trust (Reporting Person is a beneficiary of Trust) Transfer from Marital Trust to spouse of Robert H. Abplanalp Transfer from spouse of Robert H. Abplanalp to Trust f/b/o Reporting Person (Marie Holcombe) Acquisition from Issuer in lieu of a portion of directors' fees The option grant became effective 06/12/2006, the date the award was approved by the Issuer's Board of Directors /s/Stephen R. Brown (Stephen R. Brown as Attorney-in-Fact for Gregory F. & Marie A. Holcombe) 2006-07-13