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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
(Rule 13d-101)
INFORMATION TO BE INCLUDED IN STATEMENTS FILED PURSUANT
TO RULE 13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO RULE 13d-2(a)
(Amendment No. ___________) 1
UNDER THE SECURITIES EXCHANGE ACT OF 1934
Hudson Valley Holding Corp.
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(Name of Issuer)
Common Stock, Par Value $.20 Per Share
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(Title of Class of Securities)
None
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(CUSIP Number)
<TABLE>
<S> <C>
Stephen R. Brown Martin L. Budd
Hudson Valley Holding Corp. Day, Berry & Howard LLP
21 Scarsdale Road One Canterbury Green
Yonkers, New York 10707 Stamford, Connecticut 06901
(914) 961-6100 (203) 977-7300
</TABLE>
(Name, Address and Telephone Number of Persons
Authorized to Receive Notices and Communications)
June 30, 2000
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(Date of Event which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), 13d-1(f), or 13d-1(g), check the following
box [ ].
Note: Schedules filed in paper format shall include a signed original and five
copies of this schedule, including all exhibits. See Rule 13d-7 for other
parties to whom copies are to be sent.
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1 The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class of
securities, and for any subsequent amendment containing information which would
alter disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be
deemed to be "filed" for the purpose of Section 18 of the Securities Exchange
Act of 1934 ("Act") or otherwise subject to the liabilities of that section of
the Act but shall be subject to all other provisions of the Act (however, see
the Notes).
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<TABLE>
<C> <S>
1
NAME OF REPORTING PERSON
William E. Griffin
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS
N/A
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5 CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d)
OR 2(e) [ ]
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6 CITIZENSHIP OR PLACE OF ORGANIZATION
United States
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</TABLE>
<TABLE>
<S> <C> <C>
7 SOLE VOTING POWER
NUMBER OF 170,964
SHARES ---------------------------------------------------------------------
BENEFICIALLY 8 SHARED VOTING POWER
OWNED BY EACH 409,833
REPORTING ---------------------------------------------------------------------
PERSON 9 SOLE DISPOSITIVE POWER
WITH 170,964
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10 SHARED DISPOSITIVE POWER
409,833
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</TABLE>
<TABLE>
<C> <S>
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
The Reporting Person currently owns beneficially 580,797 shares of Hudson Valley
Holding Corp. Common Stock.
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12 CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES (See Instructions) [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
13.6%
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14 TYPE OF REPORTING PERSON
IN
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</TABLE>
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Item 1. Security and Issuer:
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The class of equity securities to which this Statement on Schedule 13D
relates is the common stock, par value $.20 per share (the "Common Stock"), of
Hudson Valley Holding Corp., a New York corporation ("Hudson Valley").
The principal executive offices of the Issuer are located at 21
Scarsdale Road, Yonkers, New York 10707.
Item 2. Identity and Background:
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(a) The Reporting Person is William E. Griffin.
(b) The business address of the Reporting Person is 51 Pondfield Road,
Bronxville, New York 10708.
(c) The Reporting Person's is an attorney and shareholder of Griffin,
Coogan & Veneruso, P.C., located at 51 Pondfield Road, Bronxville, New York
10708.
(d) The Reporting Person has not been convicted in a criminal
proceeding during the last five years.
(e) The reporting person, during the last five years, was not a party
to any civil proceeding of a judicial or administrative body of competent
jurisdiction which resulted in or is subject to a judgment, decree or final
order enjoining future violations of, or prohibiting or mandating activities
subject to, federal or state securities laws or finding any violation with
respect to such laws.
(f) The Reporting Person is a citizen of the United States.
Item 3. Source and Amount of Funds or Other Consideration
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Not applicable.
Item 4. Purpose of Transaction:
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Not applicable.
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Item 5. Interest in Securities of the Issuer:
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(a) - (b) The table below sets forth the information required in (a)
and (b) of this Item 5:
<TABLE>
<CAPTION>
Number of
Shares Shared Shared Sole Sole
Beneficially Voting Investment Voting Investment
Name Owned Power Power Power Power Percent
---- ----------- ------ ---------- ------ ---------- ------
<S> <C> <C> <C> <C> <C> <C>
Hudson 580,797 409,833 409,833 170,964 170,964 13.6%
Valley
</TABLE>
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(c) Not applicable.
(d) The Reporting Person, along with Marie A. Holcombe and John P.
Abplanalp, are Co-Trustee's of the Robert H. Abplanalp Grantor Retained Annuity
Trust (the "GRAT"). As a Co-Trustee, the Reporting Person has shared voting and
investment power concerning all 397,641 shares in the GRAT.
(e) Not applicable.
Item 6. Contracts, Arrangements, Understandings or Relationships With Respect
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to Securities of the Issuer:
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Stock Restriction Agreement. The Company has required all employees
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and directors who acquire shares of common stock from the Company to enter into
Stock Restriction Agreements that give the Company a right of first refusal on
any shares of common stock that the shareholder wishes to transfer. Gifts to
family members are not subject to the Company's right of first refusal, but the
donee must enter into a Stock Restriction Agreement with the Company. Pursuant
to the Stock Restriction Agreements, the Company may, but is not required to,
purchase all of the shares offered upon the same terms and conditions as that
offered by the prospective purchaser. Each certificate representing shares of
our stock must also bear a legend that restricts the transfer of the stock under
the rules of the Securities Act of 1933 and the Stock Restriction Agreement.
Investment
Item 7. Material to be Filed as Exhibits
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A. Form of Stock Restriction Agreement
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SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Date: July 18, 2000
/s/ William E. Griffin
____________________________________
William E. Griffin
