4//SEC Filing
HUDSON CITY BANCORP INC 4
Accession 0001206760-14-000006
CIK 0000921847operating
Filed
Sep 2, 8:00 PM ET
Accepted
Sep 3, 3:07 PM ET
Size
28.2 KB
Accession
0001206760-14-000006
Insider Transaction Report
Form 4
HERMANCE RONALD E JR
DirectorChairman, President & CEO
Transactions
- Award
Phantom Stock Units
2014-08-29$9.87/sh+1,650$16,285→ 409,787 totalExercise: $0.00→ Common Stock (1,650 underlying)
Holdings
- 92,700(indirect: By ESOP)
Common Stock, par value $0.01 per share
- 1,250,000
Stock Option (Right to Buy)
Exercise: $15.69From: 2011-01-25Exp: 2018-01-24→ Common Stock (1,250,000 underlying) - 1,125,000
Stock Option (Right to Buy)
Exercise: $13.78From: 2010-01-26Exp: 2017-01-25→ Common Stock (1,125,000 underlying) - 750,000
Stock Option (Right to Buy)
Exercise: $12.03From: 2012-01-24Exp: 2019-01-22→ Common Stock (750,000 underlying) - 223,875(indirect: By Trust)
Common Stock, par value $0.01 per share
- 625,000
Stock Option (Right to Buy)
Exercise: $13.12From: 2013-01-29Exp: 2020-01-18→ Common Stock (625,000 underlying) - 161,300
Deferred Stock Units
Exercise: $0.00→ Common Stock (161,300 underlying) - 28,854(indirect: By Spouse)
Common Stock, par value $0.01 per share
- 1,250,000
Stock Option (Right to Buy)
Exercise: $12.76From: 2009-01-20Exp: 2016-07-20→ Common Stock (1,250,000 underlying) - 437,500
Stock Option (Right to Buy)
Exercise: $9.50From: 2014-03-15Exp: 2021-03-14→ Common Stock (437,500 underlying) - 197,650
Deferred Stock Units
Exercise: $0.00→ Common Stock (197,650 underlying) - 55,166
Deferred Stock Units
Exercise: $0.00→ Common Stock (55,166 underlying) - 466,537(indirect: By PIB)
Common Stock, par value $0.01 per share
- 306,120
Phantom Stock Units
Exercise: $0.00→ Common Stock (306,120 underlying) - 2,497,489
Common Stock, par value $0.01 per share
- 3,013(indirect: By IRA)
Common Stock, par value $0.01 per share
- 1,000,000
Stock Option (Right to Buy)
Exercise: $12.76From: 2009-07-21Exp: 2016-07-20→ Common Stock (1,000,000 underlying)
Footnotes (6)
- [F1]The reporting person holds the shares through the Hudson City Savings Bank's Profit Incentive Bonus Plan.
- [F2]Represents the number of shares issuable upon future settlement of Deferred Stock Units (DSUs) granted on June 18, 2013 based on satisfaction of certain corporate performance measures, as certified by the Company's Compensation Committee on April 28, 2014. Service conditions on 65,883 of these DSUs were met on January 1, 2014. An additional 65,883 of these DSUs will vest on January 1, 2015 and the remainder will vest on January 1, 2016, assuming continued employment through such dates. 123,532 of these DSUs will be settled on June 18, 2016, and the remainder will be settled on June 18, 2019. Accelerated settlement of vested DSUs may occur in the event of death or disability. Pro-rated, accelerated vesting and settlement may occur in the event of discharge without cause or resignation with good reason following a change in control.
- [F3]Represents the number of shares issuable upon future settlement of Deferred Stock Units granted on March 15, 2011. These DSUs vested on April 28, 2014 due to 1) the satisfaction of certain performance measures as certified by the Company's Compensation Committee on April 28, 2014 and 2) continued service through March 15, 2014. These DSUs will be settled on March 15, 2017. Accelerated settlement of vested DSUs may occur in the event of death or disability, or in connection with a change in control.
- [F4]Phantom Stock acquired by the reporting person under the Hudson City Bancorp, Inc. Officers' Deferred Compensation Plan. The reporting person has elected that the funds accumulated in such Plan that are deemed invested in Hudson City Bancorp, Inc. Common Stock, including any additional dividend equivalents deemed reinvested with respect thereto, will be distributed to the reporting person only in shares of Hudson City Bancorp, Inc. Common Stock and would be distributable only on or about January 1st of the calendar year following the calendar year in which the reporting person terminates all service with Hudson City Bancorp, Inc. and its affiliated companies, unless another date of payment is provided under the terms of the Plans. This transaction reflects dividend equivalents deemed reinvested in Hudson City Bancorp, Inc. Common Stock under this Plan.
- [F5]The reporting person is due, upon retirement, the equivalent dollar value of 306,120 shares of HCBK common stock as of December 31, 2013 through the Supplemental ESOP Benefit under the Benefit Maintenance Plan of Hudson City Savings Bank.
- [F6]Represents the number of shares issuable upon future settlement of Variable Deferred Stock Units granted on August 1, 2012 based on the Company's return on equity for 2012, as certified by the Compensation Committee of the Board of Directors on January 29, 2013. Such Variable Deferred Stock Units will vest and settle on August 1, 2015 assuming continued employment through such date. Pro-rated, accelerated vesting and settlement may occur in the event of death, disability, retirement. Accelerated vesting and settlement may also occur in the event of discharge without cause or resignation with good reason following a change in control.
Documents
Issuer
HUDSON CITY BANCORP INC
CIK 0000921847
Entity typeoperating
IncorporatedDE
Related Parties
1- filerCIK 0000921847
Filing Metadata
- Form type
- 4
- Filed
- Sep 2, 8:00 PM ET
- Accepted
- Sep 3, 3:07 PM ET
- Size
- 28.2 KB