X0304 5 2011-12-31 0 0 0 0000722256 HUDSON VALLEY HOLDING CORP HVB 0001191186 HOLCOMBE GREGORY F C/O 35 EAST GRASSY SPRAIN ROAD YONKERS NY 10710 1 0 1 0 0001119675 HOLCOMBE MARIE A C/O 35 EAST GRASSY SPRAIN ROAD YONKERS NY 10710 0 0 1 0 Common Stock 2011-04-21 5 G 0 246052 0.00 A 374284 I by Trust f/b/o M. Holcombe Common Stock 2011-08-11 5 G 0 42150 0.00 A 42685 D Common Stock 2011-12-05 5 J 0 27 0.00 A 300 D Common Stock 2011-12-05 5 J 0 136 0.00 A 1503 I By Irr Insurance Trust Common Stock 2011-12-05 5 J 0 4268 0.00 A 46953 D Common Stock 2011-12-05 5 J 0 12879 0.00 A 141673 D Common Stock 2011-12-05 5 J 0 37428 0.00 A 411712 I by Trust f/b/o M. Holcombe Common Stock 2011-12-05 5 J 0 52000 0.00 A 572000 I by Eldred Preserve LLC (for which Reporting Person serves as co-manager) Common Stock 2011-12-05 5 J 0 224 0.00 A 2470 I By Trust for Daughter I Common Stock 2011-12-05 5 J 0 224 0.00 A 2470 I By Trust for Daughter II Common Stock 2011-12-05 5 J 0 5991 0.00 A 65905 I By Trust for Daughter I Common Stock 2011-12-05 5 J 0 5991 0.00 A 65902 I By Trust for Daughter II Common Stock 2011-12-05 5 J 0 312 0.00 A 3444 I G.F. Holcombe a/c/f Daughters Common Stock 2011-12-05 5 J 0 144 0.00 A 1586 I By Family Trust Common Stock 2011-12-05 5 J 0 684 0.00 A 7533 I By Family Foundation Common Stock 2011-12-05 5 J 0 63587 0.00 A 699463 I By BMW Machinery (of which Reporting Person is the principal shareholder) Employee Stock Options (Right-to-Buy) 23.71 2011-12-05 5 J 0 1384 0.00 A 2006-01-01 2016-01-01 Common Stock 1384 15233 D Distribution from Irrevocable Retained Annuity Trust These shares are owned by Marie A. Holcombe 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. 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. These shares are owned by Gregory F. Holcombe Shares held jointly by Reporting Persons. Marie A. Holcombe serves as a co-trustee of this Trust effective May 24, 2010. By Gregory F. Holcombe as custodian equally for each of his 2 daughters Option grant price has been adjusted to reflect the allocation of 10% stock dividends. Allocation of stock dividend of .10 share of common stock for each option /s/Stephen R. Brown (Stephen R. Brown as Attorney-in-Fact for Gregory F. & Marie A. Holcombe) 2012-02-13