SEC Form 4 · accession 0001209191-18-048269
HOPE BANCORP INC · HOPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald Byun
Director
Period of report
Aug 21, 2018
Accepted (ET)
Aug 23, 2018 · 6:31 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 |
|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy) | Aug 21, 2018 | M | 35,170 | $5.02 | A | 35,170 | D | |
| Stock Option (right to buy) | Aug 21, 2018 | M | 5,286 | $14.65 | A | 40,456 | D | |
| Common StockF1,F2 | Aug 22, 2018 | S | 40,456 | $17.84 | D | 437,272 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (right to buy)F5 | $5.02 | Aug 21, 2018 | M | 35,170 | D | Aug 1, 2016 | Jan 28, 2022 | Common stock | 35,170 | 0 | D |
| Stock Option (right to buy)F6 | $14.65 | Aug 21, 2018 | M | 5,286 | D | Aug 1, 2016 | Aug 25, 2025 | Common stock | 5,286 | 0 | D |
| Restricted Stock UnitsF3 | — | holding | — | — | — | — | — | Common stock | 4,500 | 4,500 | D |
| Non-qualified stock option (right to buy)F4 | $17.18 | holding | — | — | — | — | Sep 1, 2026 | Common stock | 20,000 | 20,000 | D |
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $17.81 to $17.86, inclusive. The reporting person undertakes to provide to HOPE Bancorp, Inc., any security holder of HOPE Bancorp, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
- F2These 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.
- F313,500 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.
- F420,000 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.
- F5Received 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.
- F6Received in the Merger in exchange for a stock option to acquire 7,515 shares of Wilshire Bancorp, Inc. common stock.