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4//SEC Filing

Kim David W. 4

Accession 0001209191-19-018680

CIK 0001128361other
View on SEC.govCompany Profile

Filed

Mar 11, 8:00 PM ET

Accepted

Mar 12, 12:23 PM ET

Size

21.6 KB

Accession

0001209191-19-018680

Insider Transaction Report

Form 4
Period: 2019-03-08
HOPE BANCORP INCHOPE
Kim David W.
EVP, Chief Operations Officer
Transactions
  • Award

    Time-based Restricted Stock Units

    2019-03-08+2,821→ 2,821 total
    → Common Stock (2,821 underlying)
Holdings

  • Time-based Restricted Stock Units

    → Common Stock (1,000 underlying)
    1,000

  • Performance-based Restricted Stock Units

    From: 2020-07-27→ Common Stock (750 underlying)
    750

  • Performance-based Restricted Stock Units

    From: 2020-07-27→ Common Stock (750 underlying)
    750

  • Incentive Stock Option (right to buy)

    Exercise: $17.18Exp: 2026-09-01→ Common Stock (20,000 underlying)
    20,000

  • Performance-based Restricted Stock Units

    → Common Stock (974 underlying)
    974

  • Time-based Restricted Stock Units

    → Common Stock (3,900 underlying)
    3,900

  • Performance-based Restricted Stock Units

    → Common Stock (974 underlying)
    974

  • Common Stock

    6,710

  • Time-based Restricted Stock Units

    → Common Stock (1,949 underlying)
    1,949
Footnotes (10)
  • [F1]The amount includes 478 shares acquired in August 2018 and 567 shares acquired in February 2019 under the Bank of Hope Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(c), as well as Rule 16a-3(f)(1)(i)(B)
  • [F10]Non-qualified stock options granted on September 1, 2016 pursuant to the 2016 ICP. These options vest annually in five equal installments on September 1st of 2017, 2018, 2019, 2020 and 2021.
  • [F2]Total 2,821 Restricted Stock Units (RSU) were granted on March 8, 2019 pursuant to the Hope Bancorp, Inc. 2016 Incentive Compensation Plan ("2016 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 1,410 and 1,411 shares will vest annually on March 8, 2020 and 2021 respectively.
  • [F3]Total 1,949 Restricted Stock Units (RSU) were granted on April 26, 2018 pursuant to the Hope Bancorp, Inc. 2017 Long-Term Incentive Plan ("2017 LTIP") and 2016 ICP. Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 649 shares each will vest annually on April 26, 2019, 2020, and 651 shares on April 26, 2021.
  • [F4]974 performance-based restricted stock units ("PRSU") were granted on April 26, 2018 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 11-quarter period from April 1, 2018 through December 31, 2020. 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]974 performance-based restricted stock units ("PRSU") were granted on April 26, 2018 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 11-quarter period from April 1, 2018 through December 31, 2020. 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]Total 1,500 Restricted Stock Units (RSU) were granted on July 27, 2017 pursuant to the 2017 LTIP and 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.
  • [F7]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.
  • [F8]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.
  • [F9]On September 1, 2016, the reporting person was granted 6,500 Restricted Stock Units (RSU) pursuant to the 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.

Documents

1 file

Issuer

HOPE BANCORP INC

CIK 0001128361

→
Entity typeother

Related Parties

1
  • filerCIK 0001681623

Filing Metadata

Form type
4
Filed
Mar 11, 8:00 PM ET
Accepted
Mar 12, 12:23 PM ET
Size
21.6 KB
View on SEC.gov