4//SEC Filing
Song David Lee 4
Accession 0001209191-17-063336
CIK 0001128361other
Filed
Nov 30, 7:00 PM ET
Accepted
Dec 1, 7:44 PM ET
Size
16.8 KB
Accession
0001209191-17-063336
Insider Transaction Report
Form 4
HOPE BANCORP INCHOPE
Song David Lee
EVP, Chief Business Banking Of
Transactions
- Tax Payment
Common Stock
2017-09-01$16.20/sh−376$6,091→ 11,233 total - Sale
Common Stock
2017-11-29$19.25/sh−3,000$57,750→ 8,233 total - Award
Common Stock
2016-09-01+5,000→ 11,609 total
Holdings
- 750
Performance-based Restricted Stock Units
From: 2020-07-27→ Common Stock (750 underlying) - 2,015
Common Stock (Restricted Stock)
- 750
Performance-based Restricted Stock Units
From: 2020-07-27→ Common Stock (750 underlying) - 1,500
Time-based Restricted Stock Units
→ Common Stock (1,500 underlying) - 20,000
Incentive Stock Option (right to buy)
Exercise: $17.18Exp: 2026-09-01→ Common Stock (20,000 underlying)
Footnotes (6)
- [F1]On 9/1/16, the reporting person was granted 5,000 Restricted Stock Units (RSU) pursuant to the 2016 Incentive Compensation Plan ("2016 ICP"). RSUs convert into common stock on a one-for-one basis and vest annually in five equal installments beginning on the first anniversary of the grant date. The amount reflected in Column 5 of Table I corrects the amount of securities beneficially owned in Form 4 filed on 7/27/17.
- [F2]2,015 represents outstanding (unvested) Restricted Stock from previous grants on 4/8/15 and 3/16/16, including accrued dividends to date. These shares will vest in March-April 2018 and 2019 according to previously disclosed vesting schedules.
- [F3]Total 1,500 Restricted Stock Units (RSU) were granted on July 27, 2017 pursuant to the Hope Bancorp, Inc. 2017 Long-Term Incentive Plan ("2017 LTIP") and the BBCN Bancorp, Inc. 2016 Incentive Compensation Plan ("2016 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 500 shares each will vest annually on July 27, 2018, 2019, and 2020.
- [F4]750 performance-based restricted stock units ("PRSU") were granted on July 27, 2017 pursuant to the 2017 LTIP and the 2016 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU depends upon Hope's achievement of a specified increase in the cumulative quarterly earnings per share during the 10-quarter period from July 1, 2017 through December 31, 2019. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
- [F5]750 performance-based restricted stock units ("PRSU") were granted on July 27, 2017 pursuant to the 2017 LTIP and the 2016 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the KRX Index over a 10-quarter period from July 1, 2017 through December 31, 2019. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
- [F6]Options granted on September 1, 2016 pursuant to the 2016 ICP. Options vest annually in five equal installments on September 1st of 2017, 2018, 2019, 2020 and 2021.
Documents
Issuer
HOPE BANCORP INC
CIK 0001128361
Entity typeother
Related Parties
1- filerCIK 0001681560
Filing Metadata
- Form type
- 4
- Filed
- Nov 30, 7:00 PM ET
- Accepted
- Dec 1, 7:44 PM ET
- Size
- 16.8 KB