Form 4 for HOPE HOPE BANCORP INC
Accepted 2022-03-17 00:00:00 ET · period of report 2022-03-15 · accession 0001209191-22-019911 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-17 | 2022-03-15 | HOPE | Malone David P | Dir | M - OptEx | $16.49 | +5,204 | 88.7K | +6% | +$85.8K |
| D | 2022-03-17 | 2022-03-15 | HOPE | Malone David P | Dir | F - Tax | $16.49 | -1,800 | 86.9K | -2% | -$29.7K |
| D | 2022-03-17 | 2022-03-15 | HOPE | Malone David P | Dir | M - OptEx | $16.49 | -6,424 | 0 | -100% | -$105.9K |
| D | 2022-03-17 | 2022-03-15 | HOPE | Malone David P | Dir | D - Sale to Iss | $0.00 | -6,424 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-03-15 | M | A | 5,204 | $16.49 | 88,740 | D | — | — | (F1) Represents performance-based restricted stock units "PRSU" described in footnote 9. Total 5,204 shares were vested and 1,220 shares were forfeited. |
| 2 | Common | Common Stock | 2022-03-15 | F | D | 1,800 | $16.49 | 86,940 | D | — | — | |
| 3 | Derivative | Performance-based Restricted Stock Units | 2022-03-15 | M | D | 6,424 | $16.49 | 0 | D | — · — to — | 6,424 Common Stock | (F1) Represents performance-based restricted stock units "PRSU" described in footnote 9. Total 5,204 shares were vested and 1,220 shares were forfeited. (F9) 6,424 PRSU were granted on May 23, 2019 pursuant to the 2017 LTIP and 2019 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 an 11-quarter period from April 1, 2019 through December 31, 2021. 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. |
| 4 | Derivative | Performance-based Restricted Stock Units | 2022-03-15 | D | D | 6,424 | $0.00 | 0 | D | — · — to — | 6,424 Common Stock | (F8) Represents the forfeiture of PRSU. (F7) 6,424 PRSU were granted on May 23, 2019 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU depends upon Hope's achievement of a specified relative return on average assets in relation to the KRX Index during the 11-quarter period from April 1, 2019 through December 31, 2021. 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. |