SEC Form 4 · accession 0001437749-17-021269
CATHAY GENERAL BANCORP · CATY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Pin Tai
Officer — CEO & President
Period of report
Dec 26, 2017
Accepted (ET)
Dec 28, 2017 · 7:05 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 | holding | — | — | — | 19,262 | D | ||
| Common StockF1 | holding | — | — | — | 859 | I | By ESOP |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF2,F3 | — | Dec 26, 2017 | A | 8,312 | A | — | — | Common Stock | 8,312 | 8,312 | D |
| Restricted Stock UnitsF2,F3 | — | Dec 26, 2017 | A | 7,896 | A | — | — | Common Stock | 7,896 | 7,896 | D |
Explanation of responses
- F1Includes 14.038 shares acquired through dividend reinvestment year-to-date.
- F2Each restricted stock unit represented a contingent right to receive one share of Common Stock upon vesting. The number of restricted stock units that are earned can be reduced by up to 100% of the target award or increased by up to 150% of the target award, depending upon the achievement of certain performance criteria.
- F3These restricted stock units are scheduled to vest in a single installment on December 31, 2020, subject to continued employment, but may vest to some extent earlier in the event of death, disability, retirement after December 31, 2019 or a change in control, with the number of units earned being based on the achievement of certain performance criteria.