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Stock Trading History of Dake Gary C

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 Dake Gary C since year 2005. The trader's CIK number is 1231075. At the time of this reporting, Dake Gary C is the Director of Arrow Financial Corp (stock ticker symbol AROW).

Stock purchases, sales, and option exercises reported by *Dake Gary C* since 2005.
Trade Date	Symbol	Company Name (Issuer)	Trade Type	Shares	Price ($)	Value ($)
2007-11-20	AROW	Arrow Financial Corp	Purchase	460	21.71	9,986
2007-06-14	AROW	Arrow Financial Corp	Purchase	444	22.48	9,981

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 Dake Gary C (Director of Arrow Financial Corp at the time of this reporting) see the Securities and Exchange Commission (SEC) website.