SEC Form 4 · accession 0001521137-16-000005
WILSHIRE BANCORP INC · WIBC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Peter Koh
Officer — EVP & CHIEF CREDIT OFFICER
Period of report
Jul 29, 2016
Accepted (ET)
Aug 2, 2016 · 1:47 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001285224
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jul 29, 2016 | D | 62,858 | — | D | 62,858 | D | |
| Common Stock (Restricted Stock)F1 | Jul 29, 2016 | D | 10,933 | — | D | 10,933 | 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 | $5.29 | Jul 29, 2016 | D | 20,000 | D | Aug 1, 2016 | Jun 27, 2017 | Common Stock | 20,000 | 0 | D |
| Stock OptionF2 | $10.51 | Jul 29, 2016 | D | 10,000 | D | — | Sep 30, 2020 | Common Stock | 10,000 | 0 | D |
Explanation of responses
- F1Disposed of pursuant to the Agreement and Plan of Merger (the "Merger Agreement"), dated as of December 7, 2015, by and between Wilshire Bancorp, Inc.(the "Issuer"), and BBCN Bancorp, Inc.("BBCN"). Pursuant to the terms of the Merger Agreement, as of July 29, 2016, (a) each outstanding share of common stock of the Issuer was converted into the right to receive 0.7034 shares of common stock of BBCN, (b) outstanding stock options of the Issuer were assumed by BBCN, and (c) restricted share awards were converted into the number of restricted shares of BBCN common stock equal to the number of the Issuer's restricted share comprising the award multiplied by 0.7034. Also as of July 29, 2016, BBCN changed its name to Hope Bancorp, Inc.
- F2Vesting schedule: 25% on 09/30/15, 25% on 09/30/16 25% on 09/30/17, and 25% on 09/30/18