Stock Trading History of Hoy Thomas L

The following table details the trading activities (stock purchases, stock sales, and stock option exercises) reported to the Securities and Exchange Commission (SEC) by insider Hoy Thomas L since year 2005. The trader's CIK number is 1184486. At the time of this reporting, Hoy Thomas L is the Chairman, President & CEO of Arrow Financial Corp . (stock ticker symbol AROW). See this page for all insider trading activities at Arrow Financial Corp .

Stock purchases, sales, and option exercises reported by insider *Hoy Thomas L* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2008-03-07	AROW	Arrow Financial Corp	Purchase	500	19.44	9,720
2007-11-16	AROW	Arrow Financial Corp	Option Exercise	7,454	21.26	158,472
2007-10-29	AROW	Arrow Financial Corp	Purchase	115	21.77	2,503
2007-07-26	AROW	Arrow Financial Corp	Purchase	1,000	20.80	20,800
2007-07-26	AROW	Arrow Financial Corp	Purchase	800	20.75	16,600
2007-07-26	AROW	Arrow Financial Corp	Purchase	200	20.77	4,154
2007-05-23	AROW	Arrow Financial Corp	Option Exercise	8,015	15.85	127,037
2007-05-01	AROW	Arrow Financial Corp	Purchase	300	22.17	6,651
2007-04-30	AROW	Arrow Financial Corp	Purchase	500	22.39	11,195
2007-02-07	AROW	Arrow Financial Corp	Option Exercise	9,596	15.85	152,096
2007-01-29	AROW	Arrow Financial Corp	Purchase	1,000	24.15	24,150
2006-10-31	AROW	Arrow Financial Corp	Option Exercise	14,055	11.01	154,745
2006-05-12	AROW	Arrow Financial Corp	Purchase	500	25.30	12,650

Insider trading activities including stock purchases, stock sales, and option exercises listed in the above table cannot be completely guaranteed as to their accuracy. For more information regarding the trades made by Hoy Thomas L (Chairman, President & CEO of Arrow Financial Corp at the time of this reporting) see the Securities and Exchange Commission (SEC) website.