4//SEC Filing
HERMANCE RONALD E JR 4
Accession 0001403488-13-000002
CIK 0000921847other
Filed
Jan 30, 7:00 PM ET
Accepted
Jan 31, 4:20 PM ET
Size
25.1 KB
Accession
0001403488-13-000002
Insider Transaction Report
Form 4
HERMANCE RONALD E JR
DirectorChairman, President & CEO
Transactions
- Award
Deferred Stock Unit
2013-01-29+55,165→ 55,165 totalExercise: $0.00→ Common Stock (55,165 underlying) - Award
Stock Option (Right to Buy)
2013-01-29+625,000→ 625,000 totalExercise: $13.12Exp: 2020-01-18→ Common Stock (625,000 underlying)
Holdings
- 1,250,000
Stock Option (Right to Buy)
Exercise: $12.76From: 2009-01-20Exp: 2016-07-20→ Common Stock (1,250,000 underlying) - 750,000
Stock Option (Right to Buy)
Exercise: $12.03From: 2012-01-24Exp: 2019-01-22→ Common Stock (750,000 underlying) - 359,297
Phantom Stock Units
Exercise: $0.00→ Common Stock (359,297 underlying) - 2,390,638
Common Stock, par value $0.01 per share
- 223,875(indirect: By Trust)
Common Stock, par value $0.01 per share
- 28,854(indirect: By Spouse)
Common Stock, par value $0.01 per share
- 1,250,000
Stock Option (Right to Buy)
Exercise: $15.69From: 2011-01-25Exp: 2018-01-24→ Common Stock (1,250,000 underlying) - 1,125,000
Stock Option (Right to Buy)
Exercise: $13.78From: 2010-01-26Exp: 2017-01-25→ Common Stock (1,125,000 underlying) - 566,651
Stock Option (Right to Buy)
Exercise: $12.22From: 2006-01-13Exp: 2014-02-18→ Common Stock (566,651 underlying) - 269,143
Phantom Stock Units
Exercise: $0.00→ Common Stock (269,143 underlying) - 464,353(indirect: By PIB)
Common Stock, par value $0.01 per share
- 82,832(indirect: By ESOP)
Common Stock, par value $0.01 per share
- 3,013(indirect: By IRA)
Common Stock, par value $0.01 per share
- 1,000,000
Stock Option (Right to Buy)
Exercise: $12.76From: 2009-07-21Exp: 2016-07-20→ Common Stock (1,000,000 underlying)
Footnotes (5)
- [F1]The reporting person holds the shares through the Hudson City Savings Bank's Profit Incentive Bonus Plan.
- [F2]The reporting person is due, upon retirement, the equivalent dollar value of 269,143 shares at December 31, 2011 through the Hudson City Savings Bank ESOP Restoration Plan.
- [F3]Phantom Stock acquired pursuant to prior election under the Hudson City Savings Bank Supplementary Savings Plan and the Hudson City Bancorp, Inc. Officers' Deferred Compensation Plan, payable only in shares of Hudson City Bancorp, Inc. common stock at a specified date after the reporting person terminates all services with Hudson City and its affiliated companies, unless another date of payment is provided under the terms of the Plans.
- [F4]Performance Stock Option grant, on January 19, 2010 to purchase 1,250,000 shares of common stock pursuant to the Hudson City Bancorp, Inc. 2006 Stock Incentive Plan. The options were to vest on January 19, 2013 based on 1) satisfaction of certain corporate performance measures and 2) approval by the Company's Compensation Committee that the measures were satisfied. 50 percent of the performance criteria have been met and, on January 29, 2013, approved. Accordingly, 625,000 options vested on January 29, 2013.
- [F5]Represents the number of shares issuable upon future settlement of Variable Deferred Stock Units granted on August 1, 2012 based on the Company's return on equity for 2012, as certified by the Compensation Committee of the Board of Directors on January 29, 2013. Such Variable Deferred Stock Units will vest and settle on August 1, 2015 assuming continued employment through such date. Pro-rated, accelerated vesting and settlement may occur in the event of death, disability, retirement. Accelerated vesting and settlement may also occur in the event of discharge without cause or resignation with good reason following a change in control.
Documents
Issuer
HUDSON CITY BANCORP INC
CIK 0000921847
Entity typeother
Related Parties
1- filerCIK 0001206748
Filing Metadata
- Form type
- 4
- Filed
- Jan 30, 7:00 PM ET
- Accepted
- Jan 31, 4:20 PM ET
- Size
- 25.1 KB