SEC Form 4 · accession 0001179110-18-001164
FIRST HAWAIIAN, INC. · FHB
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michael Ching
Officer — Exec VP, CFO & Treasurer
Period of report
Jan 25, 2018
Accepted (ET)
Jan 29, 2018 · 2:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000036377
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 25, 2018 | A | 3,478 | $0.00 | A | 13,738 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents restricted stock units that will vest on August 9, 2018 and settle in shares of Common Stock on a one-to-one basis, contingent upon continued employment through the vesting date and First Hawaiian, Inc.'s achieving positive core net income for fiscal year 2017. Mr. Ching has resigned from his position as an executive officer of First Hawaiian, Inc. effective January 31, 2018, and as a result, these restricted stock units are expected to be forfeited upon termination of employment.