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"Insiders might sell their shares for any number of reasons, but they buy them for only one:
they think the price will rise" - Peter Lynch ==>> What is insider trading>> |

| Transaction & Date | Reported Date |
Company | Symbol | Insider Relationship |
Shares Traded | Average Price | Total Amount |
Shares Ownership |
Filing |
| 2007-11-20 Sale |
2007-11-21 2:51 pm | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (Senior VP & Corp. Secretary) | 100 | $21.52 | $2,152 | 17,629 (Direct) | View |
| 2006-10-31 Sale |
2006-11-02 10:43 am | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 250 | $25.29 | $6,322 | 16,019 (Direct) |
View |
| 2005-09-14 Sale |
2005-09-15 12:47 pm |
ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 350 | $28.22 | $9,877 | 11,795 (Direct) |
View |
| Transaction & Date | Reported Date | Company | Symbol | Insider Relationship |
Shares Traded | Average Price |
Total Amount | Shares Ownership | Filing |
| 2008-10-22 Exercise Other Tax Withholding | 2008-10-23 3:07 pm | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 10,077 | $17.83 | $179,671 | 2,892 (Direct Indirect) |
View |
| 2007-11-20 Other(A) |
2008-01-29 4:52 pm | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 0 | $0 | $0 | 24,781 (Indirect) | View |
| 2007-11-20 Exercise Other Tax Withholding | 2007-11-21 2:51 pm |
ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (Senior VP & Corp. Secretary) | 11,728 | $18.06 | $211,775 | 2,749 (Direct Indirect) | View |
| 2006-11-29 Other | 2006-12-01 08:40 am | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 0 | $0 | $0 | 2,534 (Direct Indirect) | View |
| 2006-10-31 Exercise Other Tax Withholding | 2006-11-02 10:43 am | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 14,169 | $16.59 | $235,016 | 2,532 (Direct Indirect) |
View |
| 2005-09-14 Exercise Other Tax Withholding | 2005-09-15 12:47 pm | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 10,993 | $15.04 | $165,286 | 2,260 (Direct Indirect) |
View |
| 2004-12-15 Other | 2004-12-17 3:05 pm | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 0 | $0 | $0 | 2,191 (Direct Indirect) |
View |
| 2004-11-18 Exercise Other Tax Withholding |
2004-11-19 3:08 pm | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 10,389 | $14.41 | $149,750 | 2,190 (Direct Indirect) |
View |
| 2003-12-17 Other |
2003-12-19 1:57 pm |
ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 0 | $0 | $0 | 2,057 (Direct Indirect) |
View |
| Transaction & Date | Reported Date |
Exercisable Expiration | Company | Symbol | Insider Relationship |
Shares Traded | Conversion Price |
Shares Ownership |
Filing |
| 1998-11-18 Exercise |
2008-10-23 3:07 pm | 2002-11-18 2008-11-18 | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 5,818 | $13.54 | 0 (Direct) | View |
| 1997-11-26 Exercise | 2007-11-21 2:51 pm | 2001-11-26 2007-11-26 | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (Senior VP & Corp. Secretary) | 6,399 | $15.39 | 0 (Direct) |
View |
| 2006-11-29 Option Award |
2006-12-01 08:40 am | 2010-11-29 2016-11-29 | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 1,500 | $24.87 | 1,500 (Direct) |
View |
| 1996-11-27 Exercise |
2006-11-02 10:43 am | 2000-11-27 2006-11-27 |
ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 8,697 | $11.01 | 0 (Direct) | View |
| 2005-09-14 Exercise |
2005-09-15 12:47 pm |
1999-11-29 2005-11-29 | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 7,214 | $7.82 | 0 (Direct) |
View |
| 2004-12-15 Option Award | 2004-12-17 3:05 pm | 2008-12-15 2014-12-15 | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 3,500 | $32.02 | 3,500 (Direct) |
View |
| 2004-11-18 Exercise |
2004-11-19 3:08 pm | 1998-11-30 2004-11-30 | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 7,033 | $6.29 | 0 (Direct) |
View |
| 2003-12-17 Option Award |
2003-12-19 1:57 pm | 2007-12-17 2013-12-17 | ARROW FINANCIAL CORP | AROW | BILODEAU GERARD R (SVP & Corporate Secretary) | 3,500 | $27.84 | 3,500 (Direct) |
View |
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