AZZARA MICHAEL W 4

Accession 0001403488-12-000032

CIK 0000921847other

Filed

Feb 21, 7:00 PM ET

Accepted

Feb 22, 4:05 PM ET

Size

18.9 KB

Accession

0001403488-12-000032

Form 4

Period: 2012-02-17

Director

Transactions

Exercise/Conversion
Stock Option (Right to Buy)
2012-02-17−229,720→ 0 total
Exercise: $5.53From: 2003-01-13Exp: 2012-04-15→ Common Stock (229,720 underlying)
Exercise/Conversion
Common Stock, par value $0.01 per share
2012-02-17$5.53/sh+229,720$1,270,352→ 382,918 total
Sale
Common Stock, par value $0.01 per share
2012-02-17$7.02/sh−229,720$1,612,634→ 153,198 total

Holdings

Stock Option (Right to Buy)
Exercise: $12.81From: 2010-04-24Exp: 2019-04-23→ Common Stock (50,000 underlying)
50,000
Stock Option (Right to Buy)
Exercise: $12.76From: 2007-07-21Exp: 2016-07-20→ Common Stock (50,000 underlying)
50,000
Phantom Stock Units
Exercise: $0.00→ Common Stock (5,790 underlying)
5,790
Stock Option (Right to Buy)
Exercise: $13.47From: 2011-04-26Exp: 2020-04-25→ Common Stock (50,000 underlying)
50,000
Stock Option (Right to Buy)
Exercise: $13.35From: 2008-04-27Exp: 2017-04-26→ Common Stock (50,000 underlying)
50,000
Stock Option (Right to Buy)
Exercise: $18.84From: 2009-04-24Exp: 2018-04-23→ Common Stock (50,000 underlying)
50,000
Stock Option (Right to Buy)
Exercise: $9.50Exp: 2021-04-24→ Common Stock (22,917 underlying)
22,917

Footnotes (4)

[F1]Option grant on April 25, 2011 to purchase 22,917 shares of common stock at $9.50 per share pursuant to the Hudson City Bancorp, Inc. 2011 Stock Incentive Plan (the "Plan"). Such options will vest on April 25, 2012.
[F2]Award on April 25, 2011, pursuant to the Plan. The units will vest on April 25, 2012 based on continued service through such date. Vested units will be converted to and settled in an equal number of shares of the issuer's common stock on the first day of the calendar month following the sixth month anniversary of termination of service as a director. The reporting person has also been granted dividend equivalent rights, for both vested and unvested units, payable in cash if, as and when dividends are declared and paid on common stock.
[F3]The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $7.00 to $7.04, inclusive. The reporting person undertakes to provide to Hudson City Bancorp, Inc., any security holder of Hudson City Bancorp, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote 3 of this Form 4.
[F4]The shares sold were acquired through the exercise of stock options. All of these options expire in April 2012 and, therefore, must be exercised or forfeited within the next 2 months.

Documents

1 file

HUDSON CITY BANCORP INC

CIK 0000921847

Entity typeother