X0202 4 2006-12-15 0 0000722256 HUDSON VALLEY HOLDING CORP HUVL 0001191181 LANDY JAMES J C/O 21 SCARSDALE ROAD YONKERS NY 10707 1 1 0 0 President & CEO Common Stock 2006-12-15 5 J 0 E 6678 0.00 A 73465 D Common Stock 2006-12-15 5 J 0 E 448 0.00 A 4930 D Common Stock 2006-12-15 5 J 0 E 3152 0.00 A 34676 I By Family Common Stock 2007-01-25 5 G 0 E 1075 0.00 D 72390 D Common Stock 2007-01-25 5 G 0 E 975 0.00 A 35651 I By Family Common Stock 2007-02-07 4 M 0 8052 35.50 A 80442 D Employee Stock Options (Right-to-Buy) 35.50 2006-12-15 5 J 0 E 1464 0.00 A 2006-12-15 2012-01-01 Common Stock 1464 16105 D Employee Stock Options (Right-to-Buy) 36.50 2006-12-15 5 J 0 E 1331 0.00 A 2006-12-15 2013-01-01 Common Stock 1331 14641 D Employee Stock Options (Right-to-Buy) 36.25 2006-12-15 5 J 0 E 242 0.00 A 2006-12-15 2014-01-01 Common Stock 242 2662 D Employee Stock Options (Right-to-Buy) 36.25 2006-12-15 5 J 0 E 242 0.00 A 2006-12-15 2014-01-01 Common Stock 242 2662 D Employee Stock Options (Right-to-Buy) 36.25 2006-12-15 5 J 0 E 242 0.00 A 2006-12-15 2014-01-01 Common Stock 242 2662 D Employee Stock Options (Right-to-Buy) 36.25 2006-12-15 5 J 0 E 242 0.00 A 2007-01-01 2014-01-01 Common Stock 242 2662 D Employee Stock Options (Right-to-Buy) 36.25 2006-12-15 5 J 0 E 242 0.00 A 2008-01-01 2014-01-01 Common Stock 242 2662 D Employee Stock Options (Right-to-Buy) 36.50 2006-12-15 5 J 0 E 220 0.00 A 2006-12-15 2015-01-01 Common Stock 220 2420 D Employee Stock Options (Right-to-Buy) 36.50 2006-12-15 5 J 0 E 220 0.00 A 2006-12-15 2015-01-01 Common Stock 220 2420 D Employee Stock Options (Right-to-Buy) 36.50 2006-12-15 5 J 0 E 220 0.00 A 2007-01-01 2015-01-01 Common Stock 220 2420 D Employee Stock Options (Right-to-Buy) 36.50 2006-12-15 5 J 0 E 220 0.00 A 2008-01-01 2015-01-01 Common Stock 220 2420 D Employee Stock Options (Right-to-Buy) 36.50 2006-12-15 5 J 0 E 220 0.00 A 2009-01-01 2015-01-01 Common Stock 220 2420 D Employee Stock Options (Right-to-Buy) 42.00 2006-12-15 5 J 0 E 1000 0.00 A 2006-12-15 2016-01-01 Common Stock 1000 11000 D Employee Stock Options (Right-to-Buy) 35.50 2007-02-07 4 M 0 8052 0.00 D 2002-01-01 2012-01-01 Common Stock 8052 8053 D Stock dividend of .10 share of common stock for each share held that was paid on 12/15/2006 Amount reflects Stock Dividend of .10 share of common stock for each share held that was paid on 12/15/2006 held in Joint Tenant with spouse stock dividend of .10 share of common stock for each common share held that was paid on 12/15/2006, includes 2,510 shares paid to spouse of Reporting Person; 214 shares paid to spouse of Reporting Person as custodian for minor child; 428 shares paid to 2 adult sons of Reporting Person residing at the same address as Reporting Person to which Reporting Person disclaims beneficial ownership Includes 27,611 shares held by spouse of Reporting Person; 2,355 shares held by spouse of Reporting Person as custodian for minor child; 4,710 shares held by 2 adult sons of Reporting Person residing at the same address as Reporting Person to which Reporting Person dislcaims beneficial ownership Gift of 325 shares of stock to each of 3 children and 100 shares of stock to brother-in-law as custodian for minor child Gift of stock to family (325 shares to spouse of Reporting Person as custodian for minor, and 325 shares to each of 2 adult children) includes 27,611 shares held by spouse of Reporting Person; 2,680 shares held by spouse of Reporting Person as custodian for minor child; 5,360 shares held by 2 adult sons of Reporting Person residing at the same address as Reporting Person to which Reporting Person dislcaims beneficial ownership Allocation of Stock Dividend of .10 of common stock for each option Amount reflects Stock Dividend of .10 share of common stock for each option Options become exerciseable at 20% per year over 5 years (2,200 options per year), the first 2,200 options of which were exerciseable 01/01/2006 and the remainder will become exerciseable over the remaining 4 years on the anniversary of the grant commencing 01/01/2007 //s/Stephen R. Brown (Stephen R. Brown as Attorney in Fact for James J. Landy) 2007-02-09