SEC Form 4 · accession 0001452499-15-000004
BANK OF HAWAII CORP · BOH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Derek J Norris
Officer — Vice Chairman
Period of report
Mar 2, 2015
Accepted (ET)
Mar 4, 2015 · 3:21 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000046195
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Mar 2, 2015 | F | 298 | $61.29 | D | 32,536 | D | |
| Common StockF1 | Mar 2, 2015 | M | 878 | — | A | 33,414 | D | |
| Common Stock | Mar 2, 2015 | D | 878 | $61.29 | D | 32,536 | D | |
| Common StockF1 | Mar 2, 2015 | M | 210 | — | A | 32,746 | D | |
| Common Stock | Mar 2, 2015 | D | 210 | $61.29 | D | 32,536 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Mar 2, 2015 | M | 878 | D | Mar 2, 2015 | Jan 31, 2017 | Common Stock | 878 | 1,757 | D |
| Restricted Stock UnitsF1,F3 | — | Mar 2, 2015 | M | 210 | D | Mar 2, 2015 | Jan 31, 2018 | Common Stock | 210 | 630 | D |
Explanation of responses
- F1Each restricted stock unit was the economic equivalent of one share of BOH common stock. The reporting person settled the restricted stock unit for cash.
- F2Restricted stock units issued 1-24-2014 vests in one-third blocks on 3-2-2015, 1-29-2016 and 1-31-2017, respectively, and settled in cash provided service and performance criteria are met.
- F3Restricted stock units issued 1-24-2014 are settled in cash and vest in one-third blocks over 4 years on 3-2-2015, 1-29-2016, 1-31-2017 and 1-31-2018, provided service and performance criteria are met.