SEC Form 4 · accession 0001437749-17-002981
CATHAY GENERAL BANCORP · CATY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Heng W Chen
Officer — EVP/CFO
Period of report
Feb 17, 2017
Accepted (ET)
Feb 22, 2017 · 4:16 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000861842
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common Stock | Feb 17, 2017 | M | 16,514 | $0.00 | A | 78,454 | D | |
| Common Stock | Feb 17, 2017 | F | 6,305 | $39.42 | D | 72,149 | D | |
| Common Stock | Feb 17, 2017 | M | 22,586 | $0.00 | A | 94,735 | D | |
| Common Stock | Feb 17, 2017 | F | 10,493 | $39.42 | D | 84,242 | 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 UnitsF3,F1,F5 | — | Feb 17, 2017 | M | 14,734 | D | — | — | Common Stock | 14,734 | 0 | D |
| Restricted Stock UnitsF4,F1,F5 | — | Feb 17, 2017 | M | 14,285 | D | — | — | Common Stock | 14,285 | 0 | D |
Explanation of responses
- F1Shares of the Issuer's Common Stock received by the Reporting Person from the vesting of performance-based restricted stock units granted on December 18, 2013. Such restricted stock units were previously reported in Table II on a Form 4 filed by the Reporting Person with the Securities and Exchange Commission on December 20, 2013.
- F2Shares withheld by Registrant to satisfy minimum statutory withholding requirements on vesting of restricted stock units.
- F3Of the previously reported target award of 14,734 shares of restricted stock unit, 106% of the target award was earned based upon the achievement of certain performance criteria.
- F4Of the previously reported target award of 14,285 shares of performance-based restricted stock units, 150% of the target award was earned based upon the achievement of certain performance criteria.
- F5Performance-based restricted stock units vested on December 31, 2016.