4//SEC Filing
TASSILLO JOHN M 4
Accession 0001239747-05-000017
CIK 0000921847other
Filed
Jan 25, 7:00 PM ET
Accepted
Jan 26, 2:52 PM ET
Size
17.9 KB
Accession
0001239747-05-000017
Insider Transaction Report
Form 4
TASSILLO JOHN M
Executive Vice President
Transactions
- Award
Phanthom Stock Units
2004-12-31+819→ 6,965 total→ Common Stock (819 underlying) - Exercise/Conversion
Stock Option (Right to Buy)
2005-01-26−14,414→ 57,586 totalExercise: $6.94Exp: 2010-01-13→ Common Stock (14,414 underlying) - Exercise/Conversion
Common Stock, par value $0.01 per share
2005-01-26$6.94/sh+14,414$99,997→ 68,829 total
Holdings
- 70,000
Common Stock, par value $0.01 per share
- 61,415(indirect: By GRAT)
Common Stock, par value $0.01 per share
- 10,096(indirect: By ESOP)
Common Stock, par value $0.01 per share
- 50,000
Stock Option (Right to Buy)
Exercise: $13.49Exp: 2012-01-09→ Common Stock (50,000 underlying) - 75,000
Stock Option (Right to Buy)
Exercise: $39.20Exp: 2014-02-18→ Common Stock (75,000 underlying)
Footnotes (6)
- [F1]Award to reporting person of 10,000 shares of common stock was made 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), effective February 19, 2004. Such award will vest in equal installments, at a rate of 20% per year, on each of April 20, 2006, 2007, 2008, 2009 and 2010. Previous award to reporting person of 15,000 shares of common stock pursuant to the RRP was made by the Board of Directors, effective January 10, 2002. On April 20, 2002, 3,000 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 on each of April 20, 2003 and 2004 an additional 6,000 shares vested. An additional 6,000 shares will vest on each of April 20, 2005 and 2006. (Footnote 1 continues in footnote 2 below.)
- [F2]Footnote 1 continues: Previous award to reporting person of 120,000 shares of common stock pursuant to the RRP was made by the Board of Directors, effective January 13, 2000. On each of April 20, 2001 and 2002, 24,000 shares vested and became directly owned by the reporting person. An additional 48,000 shares, adjusted for the 2-for-1 split, vested on each of April 20, 2003 and 2004. The remaining 48,000 shares will vest and become directly owned by the reporting person on April 20, 2005. Such shares will be held in trust by DB AlexBrown, LLC, as trustee for the RRP, until vesting.
- [F3]Grant to reporting person of options to buy 75,000 shares of common stock was made pursuant to the Hudson City Bancorp, Inc. 2000 Stock Option Plan, which was approved by stockholders at the Special Meeting, was made by the Board of Directors, effective February 19, 2004. Such award will vest in equal installments, at a rate of 20% per year, on each of January 13, 2006, 2007, 2008, 2009 and 2010. Previous grant to reporting person of options to buy 25,000 shares of common stock pursuant to the Hudson City Bancorp, Inc. 2000 Stock Option Plan was made by the Board of Directors, effective January 10, 2002. The options awarded to the reporting person were adjusted to reflect a 2-for-1 stock split on June 17, 2002. Options to buy 10,000 shares of common stock vested and became exercisable on each of January 13, 2003, 2004 and 2005. (Footnote 3 continues in footnote 4 below.)
- [F4]Footnote 3 continues: The unvested options will vest and become exercisable in equal installments, at a rate of options to buy 10,000 shares per year, on each of January 13, 2006 and 2007. Previous grant to the reporting person of options to buy 180,000 shares of common stock, pursuant to the Hudson City Bancorp, Inc. 2000 Stock Option Plan, was made by the Board of Directors, effective January 13, 2000. Options to buy 36,000 shares of common stock vested and became exercisable on each of January 13, 2001 and 2002. The options awarded to the reporting person were adjusted to reflect a 2-for-one stock split on June 17, 2002. On each of January 13, 2003, 2004 and 2005, options to buy 72, 000 shares of common stock vested and became exercisable.
- [F5]The reporting is due, upon retirement, the equivalent dollar value of 6,965 shares on December 31, 2004 through the Hudson City Savings Bank ESOP Restoration Plan.
- [F6]The shares reported are held in a grantor retained annuity trust for the benefit of the reporting person's children. The reporting person is the grantor, and the reporting person and his son serve as trustees.
Documents
Issuer
HUDSON CITY BANCORP INC
CIK 0000921847
Entity typeother
Related Parties
1- filerCIK 0001206753
Filing Metadata
- Form type
- 4
- Filed
- Jan 25, 7:00 PM ET
- Accepted
- Jan 26, 2:52 PM ET
- Size
- 17.9 KB