GUDELSKI LEONARD S 5
5 · HUDSON CITY BANCORP INC · Filed Feb 10, 2004
Insider Transaction Report
Form 5
GUDELSKI LEONARD S
Director
Transactions
- Award
Phanthom Stock Units
2003-12-31+7,584→ 39,093 total→ Common Stock (7,584 underlying)
Holdings
- 552,502
Common Stock, par value $0.01/share
- 344,000
Common Stock, par value $0.01/share
- 120,000(indirect: By Spouse)
Common Stock, par value $0.01/share
- 7,765(indirect: By ESOP)
Common Stock, par value $0.01/share
- 2,000,000
Stock Options (Right to Buy)
Exercise: $6.94Exp: 2010-01-13→ Common Stock (2,000,000 underlying)
Footnotes (3)
- [F1]Award to reporting person of 430,000 shares of common stock pursuant to the Hudson City Bancorp, Inc. 2000 Recognition and Retention Plan ("RRP"), which the stockholders approved at a Special Meeting of Stockholders of Hudson City Bancorp, Inc. held on January 13, 2000 ("Special Meeting"). On each of April 20, 2001 and 2002, 86,000 shares vested and became directly owned by the reporting person. The shares awarded pursuant to the RRP were adjusted to reflect a 2-for-1 stock split on June 17, 2002 and an additional 172, 000 shares vested on April 20, 2003. An additional 172,000 shares will vest on each of April 20, 2004 and 2005.
- [F2]Grant to the reporting person of options to buy 1,000,000 shares of common stock pursuant to the Hudson City Bancorp, Inc. 2000 Stock Plan that was approved by stockholders at the Special Meeting. Options to buy 200,000 shares of common stock vested and became exercisable on each of January 13, 2001 and 2002. The options awarded to the reporting were adjusted to reflect a 2-for-1 stock split on June 17, 2002 and 400,000 options vested and became exercisable on each of January 13, 2003 and 2004. The 400,000 unvested options will vest and become exercisable on January 13, 2005.
- [F3]The reporting person is due, upon retirement, the equivalent dollar value of 39,093 shares on December 31, 2003 through the Hudson City Savings Bank ESOP Restoration Plan.