HUDSON CITY BANCORP INC 4
4 · HUDSON CITY BANCORP INC · Filed Jan 30, 2014
Insider Transaction Report
Form 4
Daly Michael
Senior Vice President
Transactions
- Award
Deferred Stock Unit
2014-01-28+21,000→ 21,000 totalExercise: $0.00→ Common Stock (21,000 underlying)
Holdings
- 1,618
Deferred Stock Unit
Exercise: $0.00→ Common Stock (1,618 underlying)
Footnotes (2)
- [F1]Represents the number of shares issuable upon future settlement of Deferred Stock Units (DSUs) granted on June 18, 2013 based on satisfaction of certain corporate performance measures, as certified by the Company's Compensation Committee on January 28, 2014. Service conditions on 7,000 of these DSUs were met on January 1, 2014. An additional 7,000 of these DSUs will vest on January 1, 2015 and the remainder will vest on January 1, 2016, assuming continued employment through such dates. 13,125 of these DSUs will be settled on June 18, 2016, and the remainder will be settled on June 18, 2019. Accelerated settlement of vested DSUs may occur in the event of death or disability. Pro-rated, accelerated vesting and settlement may occur in the event of discharge without cause or resignation with good reason following a change in control.
- [F2]Represents the number of shares issuable upon future settlement of Variable Deferred Stock Units granted on March 30, 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 March 30, 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.