Home > Insider Trading > Filing (0000717538-12-000094)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
717538	Arrow Financial Corp	AROW	National Commercial Banks (6021)	222448962

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1184685	J John Murphy	20264 Country Club Dr. Estero FL 33928		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2012-10-15	1,500	$24.74	41,971	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Direct

Footnotes

The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the Reporting Person on July 25, 2012.
The sale prices for the shares ranged from $24.73 to $24.76. The weighted average sale price is reflected above at $24.74. The Reporting Person will provide upon request by the Commission staff, the issuer, or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
Following the reported transaction, total direct holdings of 41,971 shares includes 881 additional shares acquired under the Company's DRIP on September 27, 2012 as a result of the payment of a 2 percent stock dividend. This transaction was not required to be reported on a Form 4 and this information is being furnished to disclose the total holdings of the insider as of the date fo this Form 4.