ARROW FINL CORP

Ticker: AROW CUSIP: 042744102 Class: Common Stock

Ledyard National Bank's Holding History (CIK: 0001310658)

Note: Option positions (PUT/CALL) are excluded.

Q2 2013

Shares 879 Value ($000) $22 Avg Close $12.96 Range $12.34 - $13.56

Period	Shares	Value ($000)	Average Close	Price Range
Q2 2013	879	$22	$12.96	$12.34 - $13.56