SEC Form 4 · accession 0001437749-18-003872
CATHAY GENERAL BANCORP · CATY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Dunson K Cheng
Officer — Executive Chairman · Director
Period of report
Mar 1, 2018
Accepted (ET)
Mar 5, 2018 · 12:15 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 | Mar 1, 2018 | M | 27,868 | $0.00 | A | 124,992 | D | |
| Common Stock | Mar 1, 2018 | F | 13,818 | $41.22 | D | 111,174 | D | |
| Common Stock | holding | — | — | — | 445,577 | I | Husband & Wife Trust | |
| Common Stock | holding | — | — | — | 182,452 | I | Nonmarital Share Trust | |
| Common Stock | holding | — | — | — | 102,904 | 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 UnitsF3,F4 | — | Mar 1, 2018 | A | 6,038 | A | — | — | Common Stock | 6,038 | 6,038 | D |
| Restricted Stock UnitsF5,F1,F6 | — | Mar 1, 2018 | M | 23,465 | D | — | — | Common Stock | 23,465 | — | 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, 2014. 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 24, 2014.
- F2Shares withheld by Registrant to satisfy minimum statutory withholding requirements on vesting of restricted stock units.
- F3Each restricted stock unit represented a contingent right to receive one share of Common Stock upon vesting, subject to adjustment in accordance with the award agreement and the Cathay General Bancorp 2005 Incentive Plan, as amended and restated.
- F4These restricted stock units are scheduled to vest in 3 annual equal installments beginning March 1, 2019, or earlier in the event of death, disability, retirement, or change in control.
- F5Of the previously reported target award of 23,465 shares of restricted stock unit, 110.641% of the target award was earned based upon the achievement of certain performance criteria.
- F6Performance-based restricted stock units vested on December 31, 2017.