GODDARD DOUGLAS 4

Accession 0001209191-17-046830

CIK 0001128361other

View on SEC.gov Company Profile

Filed

Jul 30, 8:00 PM ET

Accepted

Jul 31, 8:36 PM ET

Size

14.3 KB

Accession

0001209191-17-046830

Insider Transaction Report

Form 4

Period: 2017-07-27

HOPE BANCORP INCHOPE

GODDARD DOUGLAS

EVP, Chief Financial Officer

Transactions

Award
Performance-based Restricted Stock Units
2017-07-27+1,000→ 1,000 total
From: 2020-07-27→ Common Stock (1,000 underlying)
Award
Performance-based Restricted Stock Units
2017-07-27+1,000→ 1,000 total
From: 2020-07-27→ Common Stock (1,000 underlying)
Award
Time-based Restricted Stock Units
2017-07-27+2,000→ 2,000 total
→ Common Stock (2,000 underlying)

Holdings

Common Stock
10,800
Incentive Stock Option (right to buy)
Exercise: $17.18Exp: 2026-09-01→ Common Stock (20,000 underlying)
20,000

Footnotes (4)

[F1]Total 2,000 Restricted Stock Units (RSU) were granted on July 27, 2017 pursuant to the Hope Bancorp, Inc. 2017 Long-Term Incentive Plan ("2017 LTIP") and BBCN Bancorp, Inc. 2016 Incentive Compensation Plan ("2016 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 667 shares each will vest annually on July 27, 2018, 2019, and 2020.
[F2]1,000 performance-based restricted stock units ("PRSU") were granted on July 27, 2017 pursuant to the 2017 LTIP and the 2016 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU depends upon Hope's achievement of a specified increase in the cumulative quarterly earnings per share during the 10-quarter period from July 1, 2017 through December 31, 2019. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
[F3]1,000 performance-based restricted stock units ("PRSU") were granted on July 27, 2017 pursuant to the 2017 LTIP and the 2016 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the KRX Index over a 10-quarter period from July 1, 2017 through December 31, 2019. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
[F4]Options granted on September 1, 2016 pursuant to the 2016 ICP. Options vest annually in five equal installments on September 1st of 2017, 2018, 2019, 2020 and 2021.

Documents

1 file

4
doc4.xmlPrimary
FORM 4 SUBMISSION

Issuer

HOPE BANCORP INC

CIK 0001128361

→

Entity typeother

Related Parties

filerCIK 0001185549

Filing Metadata

Form type: 4
Filed: Jul 30, 8:00 PM ET
Accepted: Jul 31, 8:36 PM ET
Size: 14.3 KB

View on SEC.gov