SEC Form 4/A · accession 0001209191-17-048553
HOPE BANCORP INC · HOPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
This is an amendment (Form 4/A). It replaces an earlier filing for the same period.
Reporting owner
John Taylor
Director
Period of report
Aug 8, 2017
Accepted (ET)
Aug 11, 2017 · 2:19 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,F2 | Aug 8, 2017 | A | 28,136 | — | A | 28,136 | I | Taylor Living Trust |
| Common StockF3 | holding | — | — | — | 512 | I | Taylor Living Trust | |
| Common Stock (Restricted)F4 | holding | — | — | — | 1,068 | I | Taylor Living Trust | |
| Common StockF5 | holding | — | — | — | 4,500 | D |
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 UnitsF5 | — | holding | — | — | — | — | — | Common Stock | 9,000 | 9,000 | D |
| Non-qualified stock option (right to buy)F6 | $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.
- F2Amended from previously filed Form 4, which corrects ownership form as "Indirect", to reflect ownership held in reporting person's trust.
- F3Received 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.).
- F4Received 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.
- F5Total 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.
- F6These 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.