X0306 4 2015-02-09 0 0000722256 HUDSON VALLEY HOLDING CORP HVB 0001582789 Swadba John M C/O 21 SCARSDALE RD YONKERS NY 10707 0 0 0 1 EVP of Primary Operating Sub Common Stock 2015-02-09 4 S 0 2000 25.94 D 6883 D Includes 969 shares of Restricted Stock which vest over 3 years on the anniversary of the grant commencing 02/20/2015, at a rate of 33.3% for each year (323 shares will vest on each of 02/20/2015, 02/20/2016 and 02/20/2017). Includes 3,750 shares of Restricted Stock which vest over 4 years on the anniversary of the grant commencing 07/26/2014, at a rate of 20% for each of the first and second years and at a rate of 30% for each of the third and fourth years. Accordingly, 750 shares vested on 07/26/2014, 750 shares will vest on 07/26/2015, and 1,125 shares will vest on each of 07/26/2016 and 07/26/2017. Includes Restricted Stock Award of 1,758 shares which vested immediately upon grant. Accordingly, 1,758 shares vested on 12/30/2014. Includes Restricted Stock Units, representing 1,758 shares, which vested on 12/30/2014. /s/ Michael J. Indiveri (Michael J. Indiveri as Attorney-in-Fact for John M. Swadba) 2015-02-11