X0306 4 2013-03-06 0 0000722256 HUDSON VALLEY HOLDING CORP HVB 0001196013 MALONEY MICHAEL PATRICK C/O 21 SCARSDALE ROAD YONKERS NY 10707 1 1 0 0 EVP of Primary Operating Sub. Common Stock 2013-03-06 4 A 0 3250 0.00 A 34135 D Employee Stock Option (Right to Buy) 18.79 2015-01-01 Common Stock 777 777 D Employee Stock Option (Right to Buy) 18.77 2015-01-01 Common Stock 1867 1867 D Employee Stock Option (Right to Buy) 23.77 2016-02-07 Common Stock 2332 2332 D 1,085 shares of the Restricted Stock will vest over 3 years commencing on 03/06/2014, at a rate of 1/3 for each of the three years. Accordingly, 363 shares will vest on 03/06/2014, and 361 shares will vest on each of 03/06/2015 and 03/06/2016. Vesting of the remaining 2,165 shares is contingent upon the achievement of specified performance criteria. Includes 25,000 shares of Restricted Stock which vests over 4 years on the anniversary of the grant commencing 12/07/2013 at a rate of 15% for each of the first and second year and a rate of 35% for each of the third and fourth year (3,750 shares will vest on each of 12/07/2013 and 12/07/2014 and 8,750 shares will vest on each of 12/07/2015 and 12/7/2016). 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. 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. /s/ Stephen R. Brown (Stephen R. Brown as Attorney-in-Fact for Michael P. Maloney) 2013-03-08