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CVLY > SEC Filings for CVLY > Form 8-K on 16-Nov-2012All Recent SEC Filings

Show all filings for CODORUS VALLEY BANCORP INC | Request a Trial to NEW EDGAR Online Pro



Change in Directors or Principal Officers

Item 5.02 Departure of Directors or Certain Officers; Election of Directors;
Appointment of Certain Officers; Compensatory Arrangements of Certain Officers

On November 13, 2012, based on the recommendation of the Compensation Committee, the Board of Directors of Codorus Valley Bancorp, Inc. ("Company") awarded restricted stock and stock options, under the Company's 2007 Long-Term Incentive Plan to directors and certain of its officers, including the awards to the Company named executive officers listed below:

Executive Officer   Restricted Stock   Qualified Options

Larry J. Miller     3,350              0
Harry R. Swift      2,150              0
Jann A. Weaver      625                1,700

The grant date for the restricted stock and stock options was November 13, 2012. The price of the restricted stock and stock options shall in accordance with the terms of the Plan. The stock options vest in one year and expire in ten years after the date of grant. Half of the restricted stock awards shall vest on the second anniversary of the date of grant, and the remainder shall vest on the third anniversary of the date of grant.

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