WANG KENNETH 4

4 · GBC BANCORP · Filed Oct 22, 2003

Form 4

Period: 2003-10-17

Director

Transactions

Exercise/Conversion
Common Stock
[F1][F2][F3]
2003-10-17+6,037→ 70,021 total
Exercise/Conversion
Stock Option
2003-10-17$31.75/sh−20,000$635,000→ 0 total
Exercise: $31.75From: 1999-05-07Exp: 2008-05-06→ Common Stock (20,000 underlying)
Exercise/Conversion
Stock Option
2003-10-17$25.88/sh−3,000$77,640→ 0 total
Exercise: $25.88From: 2000-01-01Exp: 2008-12-31→ Common Stock (3,000 underlying)
Exercise/Conversion
Stock Option
2003-10-17$18.88/sh−3,000$56,640→ 0 total
Exercise: $18.88From: 2001-01-01Exp: 2009-12-31→ Common Stock (3,000 underlying)
Exercise/Conversion
Stock Option
2003-10-17$36.00/sh−3,000$108,000→ 0 total
Exercise: $36.00From: 2002-01-01Exp: 2010-12-31→ Common Stock (3,000 underlying)
Exercise/Conversion
Stock Option
2003-10-17$29.50/sh−3,000$88,500→ 0 total
Exercise: $29.50From: 2003-01-01Exp: 2011-12-31→ Common Stock (3,000 underlying)
Exercise/Conversion
Stock Option
2003-10-17$19.36/sh−3,000$58,080→ 0 total
Exercise: $19.36From: 2004-01-01Exp: 2012-12-31→ Common Stock (3,000 underlying)

Footnotes (3)

[F1]Represents the number of shares acquired on "cashless" exercise of stock options immediately prior to the merger between GBC Bancorp and Cathay Bancorp, Inc. (the "Merger") in accordance with the formulas provided in the Agreement and Plan of Merger among General Bank, GBC Bancorp, Cathay Bank and Cathay Bancorp, Inc. (the "Merger Agreement").
[F2]These securities were acquired at various option exercise prices indicated under Column 8 regarding derivative securities on page 2 of this form.
[F3]By virtue of the Merger, each share beneficially owned by the Reporting Person following the reported transaction was converted to the right to receive the merger consideration (Cathay Bancorp stock and/or cash) in accordance with the terms of the Merger Agreement. The Merger became effective 10/20/03.

Signature

Kenneth C Wang|2003-10-22

Documents

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