Home > Insider Trading > Filing (0001181431-10-018893)

Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1174820	Center Financial Corp	CLFC	State Commercial Banks (6022)	522380548

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1250283	Hwi Chang Kim	3435 Wilshire Blvd., Suite 700 Los Angeles CA 90010		Yes	No	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2010-03-26	1,690	$0.00	687,876	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	P	Direct

Footnotes

The price for this transaction is zero because it involves the issuance of additional shares to the reporting person without additional consideration in connection with a private placement of common stock that closed on November 30, 2009 (the "November Private Placement"). This transaction effectively adjusted the price paid for shares in the November Private Placement to $3.71 per share through the issuance of these additional shares. The shares in the November Private Placement were sold at a purchase price per share of $4.69 for directors and employees of the Company and $3.71 for other investors. (Continued in Footnote 2)
The difference in the purchase price was necessary to comply with NASDAQ Listing Rule 5635(c). The Company's shareholders approved the November Private Placement at a special meeting held on March 24, 2010, so that all investors in that private placement could be treated equally consistent with the NASDAQ rules and the additional shares could be issued to effectively adjust the purchase price.