Filing Details

Accession Number:
0001209191-17-058519
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-10-31 20:01:26
Reporting Period:
2017-10-27
Accepted Time:
2017-10-31 20:01:26
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1128361 Hope Bancorp Inc HOPE National Commercial Banks (6021) 954849715
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1442518 Alex Ko 3200 Wilshire Blvd.
Suite 1400
Los Angeles CA 90010
Evp, Cfo No Yes 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 Disposition 2017-10-27 40,000 $18.92 10,088 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock (Restricted Stock) 4,997 Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Common Stock Time-based Restricted Stock Units $0.00 2,000 2,000 Direct
Common Stock Performance-based Restricted Stock Units $0.00 2020-07-27 1,000 1,000 Direct
Common Stock Performance-based Restricted Stock Units $0.00 2020-07-27 1,000 1,000 Direct
Common Stock Incentive Stock Option (right to buy) $17.18 2026-09-01 20,000 20,000 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
2,000 2,000 Direct
1,000 1,000 Direct
1,000 1,000 Direct
2026-09-01 20,000 20,000 Direct
Footnotes
  1. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $18.91 to $18.92, inclusive. The reporting person undertakes to provide to HOPE Bancorp, Inc., any security holder of HOPE Bancorp, Inc., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in footnote (1) to this Form 4.
  2. 4,997 represents Restricted Stock granted on 04/08/15 and 03/16/16 which are still outstanding including any accrued dividend to date. These shares will vest in March-April 2018 and 2019 according to previously disclosed vesting schedules.
  3. Total 2,000 Restricted Stock Units (RSU) were granted on July 27, 2017 pursuant to the Hope Bancorp, Inc. ("Hope") 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.
  4. 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.
  5. 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.
  6. 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.