HUDSON CITY BANCORP INC 4
4 · HUDSON CITY BANCORP INC · Filed Jan 29, 2015
Insider Transaction Report
Form 4
AZZARA MICHAEL W
Director
Transactions
- Award
Deferred Stock Unit
2015-01-27+8,109→ 8,109 totalExercise: $0.00→ Common Stock (8,109 underlying)
Holdings
- 50,000
Stock Option (Right to Buy)
Exercise: $13.47From: 2011-04-26Exp: 2020-04-25→ Common Stock (50,000 underlying) - 50,000
Stock Option (Right to Buy)
Exercise: $12.81From: 2010-04-24Exp: 2019-04-23→ Common Stock (50,000 underlying) - 50,000
Stock Option (Right to Buy)
Exercise: $13.35From: 2008-04-27Exp: 2017-04-26→ Common Stock (50,000 underlying) - 153,198
Common Stock, par value $0.01 per share
- 7,693
Deferred Stock Units
Exercise: $0.00→ Common Stock (7,693 underlying) - 5,790
Deferred Stock Units
Exercise: $0.00→ Common Stock (5,790 underlying) - 22,917
Stock Option (Right to Buy)
Exercise: $9.50From: 2012-04-25Exp: 2021-04-24→ Common Stock (22,917 underlying) - 50,000
Stock Option (Right to Buy)
Exercise: $18.84From: 2009-04-24Exp: 2018-04-23→ Common Stock (50,000 underlying) - 50,000
Stock Option (Right to Buy)
Exercise: $12.76From: 2007-07-21Exp: 2016-07-20→ Common Stock (50,000 underlying) - 10,761
Deferred Stock Units
Exercise: $0.00→ Common Stock (10,761 underlying) - 7,677
Deferred Stock Units
Exercise: $0.00→ Common Stock (7,677 underlying)
Footnotes (5)
- [F1]Award on April 25, 2011, pursuant to the Hudson City Bancorp, Inc. 2011 Stock Incentive Plan (the "Plan"). The units vested on April 25, 2012 and will be converted to and settled in an equal number of shares of the issuer's common stock on the first day of the calendar month following the sixth month anniversary of termination of service as a director. The reporting person has also been granted dividend equivalent rights, for both vested and unvested units, payable in cash if, as and when dividends are declared and paid on common stock.
- [F2]Award on April 25, 2012, pursuant to the Plan. The units vested on April 25, 2013 and will be converted to and settled in an equal number of shares of the issuer's common stock on the first day of the calendar month following the sixth month anniversary of termination of service as a director. The reporting person has also been granted dividend equivalent rights, for both vested and unvested units, payable in cash if, as and when dividends are declared and paid on common stock.
- [F3]Award on August 2, 2013, pursuant to the Plan. The units vested on April 1, 2014 and will be converted to and settled in an equal number of shares of the issuer's common stock on the first day of the calendar month following the sixth month anniversary of termination of service as a director. The reporting person has been granted dividend equivalent rights on vested units, payable in cash if, as and when dividends are declared and paid on common stock.
- [F4]Award on March 25, 2014, pursuant to the Plan. The units will vest on April 1, 2015 based on continued service through such date. Vested units will be converted to and settled in an equal number of shares of the issuer's common stock on the first day of the calendar month following the sixth month anniversary of termination of service as a director. The reporting person has been granted dividend equivalent rights on vested units, payable in cash if, as and when dividends are declared and paid on common stock. If the Merger with M&T Bank Corporation closes before April 1, 2015, a portion of the award will vest. This portion will be calculated based on the quotient of the number of days elapsed between (and including) April 1, 2014 and the Merger closing date divided by 365 and rounded up to the nearest whole unit.
- [F5]Award on January 27, 2015, pursuant to the Plan. The units will vest on January 1, 2016 based on continued service through such date. Vested units will be converted to and settled in an equal number of shares of the issuer's common stock on the first day of the calendar month following the sixth month anniversary of termination of service as a director. The reporting person has been granted dividend equivalent rights on vested units, payable in cash if, as and when dividends are declared and paid on common stock. If the Merger with M&T Bank Corporation closes before January 1, 2016, a portion of the award will vest. This portion will be calculated based on the quotient of the number of days elapsed between (and including) January 1, 2015 and the Merger closing date divided by 365 and rounded up to the nearest whole unit.