SEC Form 4 · accession 0001209191-18-049648
HOPE BANCORP INC · HOPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Donald Byun
Director
Period of report
Sep 1, 2018
Accepted (ET)
Sep 5, 2018 · 6:53 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 Stock | Sep 1, 2018 | M | 4,500 | $0.00 | A | 4,500 | D | |
| Common StockF1 | holding | — | — | — | 477,728 | 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,F3 | — | Sep 1, 2018 | M | 4,500 | D | — | — | Common stock | 4,500 | 0 | 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
- 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.
- F2Restricted stock units convert into common stock on a one-for-one basis.
- 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.