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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 |
| 2008-11-26- -2008-11-28 Sale |
2008-12-01 11:54 am | ARROW FINANCIAL CORP | AROW | VAN LEEUWEN JOHN C (Retired SVP) | 400 | $28.2 | $11,280 | 7,736 (Direct) | View |
| 2008-11-05 Sale | 2008-11-06 5:47 pm |
ARROW FINANCIAL CORP | AROW | HOY THOMAS L (Chairman, President & CEO Director) | 2,000 | $27.03 | $54,060 | 92,269 (Direct) |
View |
| 2008-11-04 Sale | 2008-11-04 8:33 pm | ARROW FINANCIAL CORP | AROW | MURPHY JOHN J (Director) | 1,000 | $26.81 | $26,810 | 40,110 (Direct) | View |
| 2008-10-31 Sale |
2008-11-03 07:32 am |
ARROW FINANCIAL CORP | AROW | VAN LEEUWEN JOHN C (Retired SVP) | 1,400 | $26.12 | $36,564 | 7,936 (Direct) | View |
| 2008-10-22 Sale | 2008-10-22 3:28 pm |
ARROW FINANCIAL CORP | AROW | HOY THOMAS L (Chairman, President & CEO Director) | 950 | $24.29 | $23,076 | 6,504 (Indirect) |
View |
| 2008-09-10 Sale |
2008-09-16 4:36 pm | ARROW FINANCIAL CORP | AROW | Clarke Michael B (Director) | 1,000 | $26.61 | $26,610 | 19,987 (Indirect) |
View |
| 2008-07-15 Sale |
2008-07-16 1:24 pm | ARROW FINANCIAL CORP | AROW | MOYNEHAN DAVID L (Director) | 1,000 | $22 | $22,000 | 23,567 (Direct) | View |
| 2008-06-10 Sale | 2008-06-11 3:05 pm | ARROW FINANCIAL CORP | AROW | MOYNEHAN DAVID L (Director) | 1,000 | $22.18 | $22,180 | 24,547 (Direct) |
View |
| 2008-05-16 Sale | 2008-05-19 3:09 pm | ARROW FINANCIAL CORP | AROW | MURPHY JOHN J (Director) | 13,000 | $23.08 | $300,040 | 39,000 (Direct) |
View |
| Transaction & Date | Reported Date | Company | Symbol | Insider Relationship | Shares Traded | Average Price |
Total Amount |
Shares Ownership |
Filing |
| 2008-11-26 Exercise Other Tax Withholding |
2008-12-01 11:54 am | ARROW FINANCIAL CORP | AROW | VAN LEEUWEN JOHN C (Retired SVP) | 2,200 | $26.31 | $57,872 | 14,441 (Direct Indirect) |
View |
| 2008-11-20 Other |
2008-11-21 10:48 am |
ARROW FINANCIAL CORP | AROW | REISMAN RICHARD J DMD (Director) | 216 | $24.3 | $5,249 | 379 (Direct Indirect) |
View |
| 2008-11-20 Other | 2008-11-21 10:09 am | ARROW FINANCIAL CORP | AROW | MURPHY JOHN J (Director) | 216 | $24.3 | $5,249 | 40,326 (Direct) | View |
| 2008-11-20 Other |
2008-11-21 10:03 am | ARROW FINANCIAL CORP | AROW | KRUCZLNICKI DAVID G (Director) | 216 | $24.3 | $5,249 | 34,574 (Direct Indirect) |
View |
| 2008-11-20 Other |
2008-11-21 09:57 am |
ARROW FINANCIAL CORP | AROW | HOPPER KENNETH C MD (Director) | 216 | $24.3 | $5,249 | 23,104 (Direct Indirect) | View |
| 2008-11-20 Other | 2008-11-21 09:52 am | ARROW FINANCIAL CORP | AROW | FITZGERALD MARY ELIZABETH T (Director) | 216 | $24.3 | $5,249 | 595 (Direct Indirect) |
View |
| 2008-11-20 Other | 2008-11-21 09:46 am | ARROW FINANCIAL CORP | AROW | Clarke Michael B (Director) | 216 | $24.3 | $5,249 | 20,183 (Direct Indirect) |
View |
| 2008-11-20 Other |
2008-11-21 09:40 am |
ARROW FINANCIAL CORP | AROW | DAKE GARY C (Director) | 216 | $24.3 | $5,249 | 5,902 (Direct Indirect) |
View |
| 2008-11-20 Other |
2008-11-21 09:35 am | ARROW FINANCIAL CORP | AROW | CARUSONE JOHN J JR (Director) | 216 | $24.3 | $5,249 | 723 (Direct Indirect) | View |
| 2008-11-20 Other | 2008-11-21 09:29 am | ARROW FINANCIAL CORP | AROW | Carpenter Herbert O (Director) | 216 | $24.3 | $5,249 | 5,533 (Direct Indirect) |
View |
| 2008-11-20 Other |
2008-11-21 09:17 am | ARROW FINANCIAL CORP | AROW | MOYNEHAN DAVID L (Director) | 216 | $0 | $0 | 3,553 (Direct Indirect) |
View |
| 2008-11-20 Other | 2008-11-21 09:05 am |
ARROW FINANCIAL CORP | AROW | LITTLE ELIZABETH OC (Director) | 216 | $24.3 | $5,249 | 765 (Direct Indirect) | View |
| 2008-11-05 Other |
2008-11-06 5:47 pm | ARROW FINANCIAL CORP | AROW | HOY THOMAS L (Chairman, President & CEO Director) | 0 | $0 | $0 | 6,504 (Indirect) | View |
| 2008-11-06 Other(A) | 2008-11-06 5:33 pm |
ARROW FINANCIAL CORP | AROW | HOY THOMAS L (Chairman, President & CEO Director) | 0 | $0 | $0 | 94,269 (Direct) | View |
| 2008-10-31 Exercise Tax Withholding | 2008-11-03 4:28 pm | ARROW FINANCIAL CORP | AROW | MURPHY JOHN J (Director) | 11,258 | $18.73 | $210,824 | 41,110 (Direct) |
View |
| 2008-10-31 Other | 2008-11-03 07:32 am | ARROW FINANCIAL CORP | AROW | VAN LEEUWEN JOHN C (Retired SVP) | 0 | $0 | $0 | 14,441 (Indirect) |
View |
| 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 |
| 2008-09-12- -2008-10-22 Gift Other | 2008-10-22 3:28 pm |
ARROW FINANCIAL CORP | AROW | HOY THOMAS L (Chairman, President & CEO Director) | 943 | $0 | $0 | 2,638 (Direct Indirect) | View |
| 2008-09-16 Exercise Other Tax Withholding | 2008-09-17 3:58 pm | ARROW FINANCIAL CORP | AROW | VAN LEEUWEN JOHN C (SVP) | 10,536 | $23.3 | $245,484 | 14,441 (Direct Indirect) | View |
| 2008-08-21- -2008-09-10 Gift Other | 2008-09-16 4:36 pm |
ARROW FINANCIAL CORP | AROW | Clarke Michael B (Director) | 100 | $0 | $0 | 20,987 (Direct Indirect) | View |
| 2008-09-08 Exercise Gift Other Tax Withholding |
2008-09-10 1:49 pm | ARROW FINANCIAL CORP | AROW | HOY THOMAS L (Chairman, President & CEO Director) | 40,032 | $18.21 | $729,105 | 7,454 (Direct Indirect) |
View |
| 2008-07-15 Other | 2008-07-16 1:24 pm |
ARROW FINANCIAL CORP | AROW | MOYNEHAN DAVID L (Director) | 0 | $0 | $0 | 3,314 (Indirect) | View |
| 2008-06-13 Exercise Other Tax Withholding | 2008-06-16 4:41 pm | ARROW FINANCIAL CORP | AROW | VAN LEEUWEN JOHN C (Senior Vice President) | 4,057 | $16.83 | $68,279 | 14,441 (Direct Indirect) | View |
| 2008-06-10 Other | 2008-06-11 3:05 pm | ARROW FINANCIAL CORP | AROW | MOYNEHAN DAVID L (Director) | 0 | $0 | $0 | 3,226 (Indirect) | View |
| 2008-05-29 Other |
2008-05-30 2:14 pm | ARROW FINANCIAL CORP | AROW | REISMAN RICHARD J DMD (Director) | 232 | $22.61 | $5,246 | 371 (Direct Indirect) | View |
| 2008-05-29 Other |
2008-05-30 2:08 pm | ARROW FINANCIAL CORP | AROW | MURPHY JOHN J (Director) | 232 | $22.61 | $5,246 | 39,232 (Direct) |
View |
| 2008-05-29 Other | 2008-05-30 1:59 pm |
ARROW FINANCIAL CORP | AROW | MOYNEHAN DAVID L (Director) | 232 | $22.61 | $5,246 | 2,885 (Direct Indirect) |
View |
| 2008-05-29 Other | 2008-05-30 1:52 pm | ARROW FINANCIAL CORP | AROW | LITTLE ELIZABETH OC (Director) | 232 | $22.61 | $5,246 | 643 (Direct Indirect) |
View |
| 2008-05-29 Other | 2008-05-30 1:47 pm | ARROW FINANCIAL CORP | AROW | KRUCZLNICKI DAVID G (Director) | 232 | $22.61 | $5,246 | 33,906 (Direct Indirect) | View |
| 2008-05-29 Other | 2008-05-30 1:41 pm |
ARROW FINANCIAL CORP | AROW | HOPPER KENNETH C MD (Director) | 232 | $22.61 | $5,246 | 23,104 (Direct Indirect) | View |
| 2008-05-29 Other |
2008-05-30 1:28 pm | ARROW FINANCIAL CORP | AROW | FITZGERALD MARY ELIZABETH T (Director) | 232 | $22.61 | $5,246 | 583 (Direct Indirect) |
View |
| 2008-05-29 Other |
2008-05-30 1:20 pm |
ARROW FINANCIAL CORP | AROW | DAKE GARY C (Director) | 232 | $22.61 | $5,246 | 5,285 (Direct Indirect) | View |
| 2008-05-29 Other |
2008-05-30 1:06 pm | ARROW FINANCIAL CORP | AROW | Clarke Michael B (Director) | 232 | $22.61 | $5,246 | 20,872 (Direct Indirect) |
View |
| 2008-05-29 Other | 2008-05-30 12:49 pm | ARROW FINANCIAL CORP | AROW | CARUSONE JOHN J JR (Director) | 232 | $22.61 | $5,246 | 219 (Direct Indirect) | View |
| 2008-05-29 Other |
2008-05-30 12:24 pm | ARROW FINANCIAL CORP | AROW | Carpenter Herbert O (Director) | 232 | $22.61 | $5,246 | 5,159 (Direct Indirect) | View |
| 2007-11-28 Other(A) | 2008-01-29 4:41 pm |
ARROW FINANCIAL CORP | AROW | Goodemote Terry R (SVP & CFO) | 0 | $0 | $0 | 4,734 (Indirect) |
View |
| 2007-11-29 Other |
2007-11-30 10:51 am |
ARROW FINANCIAL CORP | AROW | BERGSTEDT JAN ERIC O (Director) | 238 | $22.05 | $5,248 | 2,466 (Direct Indirect) | View |
| 2006-09-26- -2006-11-30 Gift Other |
2006-12-01 2:58 pm |
ARROW FINANCIAL CORP | AROW | MASSIANO MICHAEL F (Director) | 409 | $12.82 | $5,244 | 27,499 (Direct Indirect) |
View |
| Transaction & Date |
Reported Date | Exercisable Expiration | Company | Symbol | Insider Relationship |
Shares Traded | Conversion Price | Shares Ownership |
Filing |
| 2002-12-18 Exercise | 2008-12-01 11:54 am | 2006-12-18 2012-12-18 | ARROW FINANCIAL CORP | AROW | VAN LEEUWEN JOHN C (Retired SVP) | 1,200 | $24.11 | 723 (Direct) | View |
| 1998-11-18 Exercise | 2008-11-03 4:28 pm | 2002-11-18 2008-11-18 |
ARROW FINANCIAL CORP | AROW | MURPHY JOHN J (Director) | 6,568 | $13.54 | 0 (Direct) |
View |
| 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 |
| 2000-12-20 Exercise |
2008-09-17 3:58 pm | 2004-12-20 2010-12-20 |
ARROW FINANCIAL CORP | AROW | VAN LEEUWEN JOHN C (SVP) | 1,000 | $11.99 | 3,655 (Direct) | View |
| 2001-12-15 Exercise | 2008-09-17 3:58 pm | 2005-12-15 2011-12-15 | ARROW FINANCIAL CORP | AROW | VAN LEEUWEN JOHN C (SVP) | 2,000 | $19.21 | 3,171 (Direct) |
View |
| 2002-12-18 Exercise |
2008-09-17 3:58 pm | 2006-12-18 2012-12-18 |
ARROW FINANCIAL CORP | AROW | VAN LEEUWEN JOHN C (SVP) | 3,000 | $24.11 | 1,923 (Direct) |
View |
| 1998-11-18 Exercise |
2008-09-10 1:49 pm | 2002-11-18 2008-11-18 |
ARROW FINANCIAL CORP | AROW | HOY THOMAS L (Chairman, President & CEO Director) | 23,268 | $13.54 | 0 (Direct) | View |
| 1999-12-15 Exercise |
2008-06-16 4:41 pm | 2003-12-15 2009-12-15 | ARROW FINANCIAL CORP | AROW | VAN LEEUWEN JOHN C (Senior Vice President) | 2,355 | $12.92 | 0 (Direct) | View |
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