SEC Form 4 · accession 0001209191-18-049672
HOPE BANCORP INC · HOPE
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John Taylor
Director
Period of report
Sep 1, 2018
Accepted (ET)
Sep 5, 2018 · 7:24 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 | 13,500 | D | |
| Common Stock | holding | — | — | — | 28,136 | I | The Taylor Living Trust | |
| Common StockF1 | holding | — | — | — | 512 | I | The Taylor Living Trust | |
| Common Stock (Restricted)F2 | 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF3,F4 | — | Sep 1, 2018 | M | 4,500 | D | — | — | Common Stock | 4,500 | 0 | 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 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.).
- F2Received 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.
- F3Restricted stock units convert into common stock on a one-for-one basis.
- 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.