SEC Form 4 · accession 0001437749-19-004113
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
Mar 1, 2019
Accepted (ET)
Mar 5, 2019 · 6:35 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, 2019 | M | 12,758 | $0.00 | A | 53,742 | D | |
| Common Stock | Mar 1, 2019 | F | 4,412 | $38.36 | D | 49,330 | D | |
| Common Stock | Mar 1, 2019 | M | 1,675 | $0.00 | A | 51,005 | D | |
| Common Stock | Mar 1, 2019 | F | 580 | $38.36 | D | 50,425 | D | |
| Common Stock | holding | — | — | — | 886 | 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,F1,F4 | — | Mar 1, 2019 | M | 7,918 | D | — | — | Common Stock | 7,918 | 0 | D |
| Restricted Stock UnitsF5,F6 | — | Mar 1, 2019 | M | 1,675 | D | Mar 1, 2019 | — | Common Stock | 1,675 | 3,349 | D |
| Restricted Stock UnitsF5,F7 | — | Mar 1, 2019 | A | 8,154 | A | — | — | Common Stock | 8,154 | 8,154 | 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 17, 2015. 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 21, 2015.
- F2Shares withheld by Registrant to satisfy tax withholding requirement on vesting of restricted stock units.
- F3Of the previously reported target award of 7,918 shares of performance-based restricted stock units, 150% of the target award was earned based upon the achievement of certain performance criteria.
- F4Performance-based restricted stock units vested on December 31, 2018.
- F5Each restricted stock unit represented a contingent right to receive one share of Common Stock of the Issuer.
- F6Reporting Person was granted 5,024 restricted stock units on March 1, 2018, with a vesting schedule of 3 annual equal installments beginning March 1, 2019, or earlier in the event of death, disability, retirement, or change in control.
- F7These restricted stock units are scheduled to vest in 3 annual equal installments beginning March 1, 2020, or earlier in the event of death, disability, retirement, or change in control.