SEC Form 4 · accession 0001209191-17-048484
HOPE BANCORP INC · HOPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
John Taylor
Director
Period of report
Aug 8, 2017
Accepted (ET)
Aug 10, 2017 · 8:00 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001128361
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 8, 2017 | A | 28,136 | — | A | 32,636 | D | |
| Common StockF2 | holding | — | — | — | 512 | I | The Taylor Living Trust | |
| Common Stock (Restricted)F3 | holding | — | — | — | 1,068 | I | The Taylor Living Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F1 | — | Aug 8, 2017 | D | 28,136 | D | Aug 1, 2016 | Nov 19, 2021 | Common Stock | 28,136 | 0 | D |
| Restricted Stock UnitsF4 | — | holding | — | — | — | — | — | Common Stock | 9,000 | 9,000 | D |
| Non-qualified stock option (right to buy)F5 | $17.18 | holding | — | — | — | — | Sep 1, 2026 | Common Stock | 20,000 | 20,000 | D |
Explanation of responses
- F1Received pursuant to the merger between BBCN Bancorp, Inc. and Wilshire Bancorp, Inc. effective July 29, 2016 (the "Merger"), in exchange for a stock option to acquire 40,000 shares of Wilshire Bancorp, Inc. common stock.
- F2Received in exchange for 728 shares of Wilshire Bancorp, Inc. common stock at the exchange ratio of 0.7034 per share as provided by the Merger Agreement between Wilshire Bancorp, Inc. and BBCN Bancorp, Inc. (now Hope Bancorp, Inc.).
- F3Received in exchange for 2,235 shares of Wilshire Bancorp, Inc. common stock (Restricted Stock) in connection with the Merger. 1,068 represents Restricted Stock still outstanding including any accrued dividend to date. These shares will vest according to previously disclosed vesting schedules.
- F4Total 13,500 restricted stock units were granted on September 1, 2016 pursuant to the BBCN Bancorp, Inc. 2016 Incentive Compensation Plan. Each restricted stock unit represents a contingent right to receive one share of HOPE Bancorp, Inc. common stock. 1/3 of the award vested immediately on the grant date, with the remaining 2/3 vesting in 2 equal annual installments thereafter.
- F5These options were granted on September 1, 2016 pursuant to the BBCN Bancorp, Inc. 2016 Incentive Compensation Plan. 1/3 of the options vested immediately on the grant date, with the remaining 2/3 vesting in two equal annual installments thereafter.