SEC Form 4 · accession 0001437749-18-004560
CATHAY GENERAL BANCORP · CATY
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Mark Hakjoon Lee
Officer — EVP, Chief Credit Officer
Period of report
Mar 9, 2018
Accepted (ET)
Mar 13, 2018 · 8:18 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000861842
Table I — non-derivative securities
No Table I lines on this filing.
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 9, 2018 | A | 263 | A | — | — | Common Stock | 263 | 263 | D |
| Restricted Stock UnitsF1,F3 | — | Mar 9, 2018 | A | 4,566 | A | — | — | Common Stock | 4,566 | 4,566 | D |
Explanation of responses
- F1Each restricted stock unit represents a contingent right to receive one share of Common Stock upon vesting.
- F2On March 9, 2018, the Issuer granted to the Reporting Person 263 restricted stock units that will vest, in full, on March 9, 2019, or immediately upon the death, disability or retirement of the Reporting Person, or a change in control of the Issuer.
- F3On March 9, 2018, the Issuer granted the Reporting Person an additional 4,566 restricted stock units. These restricted stock units will vest, in full, in a single installment on March 9, 2021, subject to the Reporting Person's continued employment with the Issuer or its bank subsidiary at the time of vesting; provided that, if the Reporting Person dies, suffers a permanent disability or terminates his employment on account of retirement prior to the vesting date, then the number of common stock otherwise issuable upon vesting of the restricted stock units shall be prorated to reflect the period from the grant date to the date of any such termination of employment of the Reporting Person.