SEC Form 4 · accession 0001209191-17-050487
HOPE BANCORP INC · HOPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald Byun
Director
Period of report
Aug 24, 2017
Accepted (ET)
Aug 28, 2017 · 8:06 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 24, 2017 | S | 1,026 | $16.45 | D | 573,228 | I | By self and spouse as trustees of family trust |
| Common StockF1 | Aug 25, 2017 | S | 100,000 | $16.45 | D | 473,228 | I | By self and spouse as trustees of family trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2 | — | holding | — | — | — | — | — | Common stock | 9,000 | 9,000 | D |
| Non-qualified stock option (right to buy)F3 | $17.18 | holding | — | — | — | — | Sep 1, 2026 | Common stock | 20,000 | 20,000 | D |
| Stock Option (right to buy)F4 | $5.02 | holding | — | — | — | Aug 1, 2016 | Jan 28, 2022 | Common stock | 35,170 | 35,170 | D |
| Stock Option (right to buy)F5 | $14.65 | holding | — | — | — | Aug 1, 2016 | Aug 25, 2025 | Common stock | 5,286 | 5,286 | D |
Explanation of responses
- F1These shares were previously reported as directly beneficially owned but were transferred by reporting person and spouse to a revocable family trust on August 8, 2017. Of the total 574,254 shares that were transferred to the family trust, 1,026 shares were sold on 8/24/17 and 100,000 shares were sold on 8/25/17.
- F213,500 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.
- F320,000 stock 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.
- F4Received 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 50,000 shares of Wilshire Bancorp, Inc. common stock.
- F5Received in the Merger in exchange for a stock option to acquire 7,515 shares of Wilshire Bancorp, Inc. common stock.