4//SEC Filing
HUDSON CITY BANCORP INC 4
Accession 0001206760-15-000061
CIK 0000921847operating
Filed
Mar 31, 8:00 PM ET
Accepted
Apr 1, 6:54 PM ET
Size
34.0 KB
Accession
0001206760-15-000061
Insider Transaction Report
Form 4
CORRIDON V BARRY
Senior Vice President
Transactions
- Tax Payment
Common Stock, par value $0.01 per share
2015-03-30$10.47/sh−7,938$83,111→ 437,545 total - Exercise/Conversion
Deferred Stock Units
2015-03-30−15,163→ 0 totalExercise: $0.00→ Common Stock (15,163 underlying) - Exercise/Conversion
Deferred Stock Units
2015-03-30−8,433→ 8,433 totalExercise: $0.00→ Common Stock (8,433 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2015-03-30+15,163→ 437,050 total - Exercise/Conversion
Common Stock, par value $0.01 per share
2015-03-30+8,433→ 445,483 total
Holdings
- 26,000
Deferred Stock Units
Exercise: $0.00→ Common Stock (26,000 underlying) - 71,770(indirect: By PIB)
Common Stock, par value $0.01 per share
- 9,300
Deferred Stock Units
Exercise: $0.00→ Common Stock (9,300 underlying) - 90,669(indirect: By ESOP)
Common Stock, par value $0.01 per share
- 150,000
Stock Option (Right to Buy)
Exercise: $12.76From: 2009-07-21Exp: 2016-07-20→ Common Stock (150,000 underlying) - 67,500
Stock Option (Right to Buy)
Exercise: $12.03From: 2012-01-24Exp: 2019-01-22→ Common Stock (67,500 underlying) - 37,500
Stock Option (Right to Buy)
Exercise: $13.12From: 2013-01-29Exp: 2020-01-18→ Common Stock (37,500 underlying) - 29,100
Deferred Stock Units
Exercise: $0.00→ Common Stock (29,100 underlying) - 25,200
Stock Option (Right to Buy)
Exercise: $9.50From: 2014-04-28Exp: 2021-03-14→ Common Stock (25,200 underlying) - 2,191
Phantom Stock Units
Exercise: $0.00→ Common Stock (2,191 underlying) - 75,000
Stock Option (Right to Buy)
Exercise: $15.69From: 2011-01-25Exp: 2018-01-24→ Common Stock (75,000 underlying) - 75,000
Stock Option (Right to Buy)
Exercise: $12.76From: 2009-01-20Exp: 2016-07-20→ Common Stock (75,000 underlying) - 2,180(indirect: By Spouse)
Common Stock, par value $0.01 per share
- 67,500
Stock Option (Right to Buy)
Exercise: $13.78From: 2010-01-26Exp: 2017-01-25→ Common Stock (67,500 underlying)
Footnotes (10)
- [F1]Issued pursuant to the Variable Deferred Stock Units (DSUs) Award granted on March 30, 2012. All performance measures were previously certified by the Company's Compensation Committee. These DSUs vested and settled on March 30, 2015 based on continued employment through such date.
- [F10]Represents the number of shares issuable upon future settlement of Deferred Stock Units (DSUs) granted on March 30, 2012. These DSUs vested upon 1) the satisfaction of certain performance measures, as certified by the Company's Compensation Committee on January 27, 2015 and 2) continued service through March 30, 2015. 8,433 of these DSUs settled on March 30, 2015, and the remainder will be settled on March 30, 2018. Pro-rated, accelerated vesting may occur in the event of death, disability or retirement.Accelerated settlement of vested DSUs may occur in the event of death or disability. Accelerated vesting and settlement may occur in connection with a change in control.
- [F2]Issued pursuant to the Deferred Stock Units (DSUs) Award granted on March 30, 2012. All performance measures were previously certified by the Company's Compensation Committee. 16,866 DSUs vested on March 30, 2015. 8,434 of these DSUs settled on March 30, 2015 based on continued service through such date.
- [F3]Represents shares withheld at the direction of the Company's Compensation Committee to satisfy payroll tax withholding obligations with respect to the settlement of DSU awards.
- [F4]Shares are held in the reporting person's account in the Hudson City Savings Bank Profit Incentive Bonus Plan.
- [F5]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.
- [F6]Represents the number of shares issuable upon future settlement of Deferred Stock Units (DSUs) granted on June 18, 2013. These DSUs vest upon 1) the satisfaction of certain performance measures, as certified by the Company's Compensation Committee on January 28, 2014 and 2) continued service through a specified date. Accordingly, vesting occurred for 19,398 of these DSUs as the service condition was met by continued service through January 1, 2014 and January 1, 2015. The remainder of these DSUs will vest on January 1, 2016, assuming continued employment through this date. 18,187 of these DSUs will be settled on June 18, 2016, and the remainder of these DSUs will be settled on June 18, 2019. Accelerated settlement of vested DSUs may occur in the event of death or disability. Accelerated vesting and settlement may occur in connection with a change in control.
- [F7]Represents the Variable Deferred Stock Units (DSUs) Award granted on March 30, 2012. All performance measures were previously certified by the Company's Compensation Committee. All such Variable DSUs vested and settled on March 30, 2015 based on continued employment through such date.
- [F8]The reporting person is due, upon retirement, the equivalent dollar value of 2,191 shares of HCBK common stock as of December 31, 2014 through the Supplemental ESOP Benefit under the Benefit Maintenance Plan of Hudson City Savings Bank.
- [F9]Represents the number of shares issuable upon future settlement of Deferred Stock Units (DSUs) granted on March 29, 2014. These DSUs vest upon 1) the satisfaction of certain performance measures, as certified by the Company's Compensation Committee on January 27, 2015 and 2) continued service through a specified date. Accordingly, vesting occurred for 8,666 of these DSUs as the service condition was met by continued service through January 1, 2015. An additional 8,666 of these DSUs will vest upon continued service through January 1, 2016. The remainder of these DSUs will vest on January 1, 2017, assuming continued employment through this date. 16,249 of these DSUs will be settled on March 29, 2017, and the remainder of these DSUs will be settled on March 29, 2020. Accelerated settlement of vested DSUs may occur in the event of death or disability. Accelerated vesting and settlement may occur in connection with 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
- Mar 31, 8:00 PM ET
- Accepted
- Apr 1, 6:54 PM ET
- Size
- 34.0 KB