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Filing Details

Accession Number:: 0001209191-19-042957
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-07-23 15:26:03
Reporting Period:: 2019-07-19

Accepted Time:: 2019-07-23 15:26:03
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

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2019-07-19	13,507	$14.29	5,888	No	4	S	Direct

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

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Time-based Restricted Stock Units	$0.00			6,164	6,164	Direct
Common Stock	Performance-based Restricted Stock Units	$0.00	2022-05-23		3,082	3,082	Direct
Common Stock	Performance-based Restricted Stock Units	$0.00	2022-05-23		3,082	3,082	Direct
Common Stock	Time-based Restricted Stock Units	$0.00			4,231	4,231	Direct
Common Stock	Time-based Restricted Stock Units	$0.00			3,131	3,131	Direct
Common Stock	Performance-based Restricted Stock Units	$0.00	2021-04-26		2,348	2,348	Direct
Common Stock	Performance-based Restricted Stock Units	$0.00	2021-04-26		2,348	2,348	Direct
Common Stock	Time-based Restricted Stock Units	$0.00			1,333	1,333	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	Time-based Restricted Stock Units	$0.00			4,200	4,200	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
	6,164	6,164	Direct
	3,082	3,082	Direct
	3,082	3,082	Direct
	4,231	4,231	Direct
	3,131	3,131	Direct
	2,348	2,348	Direct
	2,348	2,348	Direct
	1,333	1,333	Direct
	1,000	1,000	Direct
	1,000	1,000	Direct
	4,200	4,200	Direct
2026-09-01	20,000	20,000	Direct

Footnotes

The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $14.27 to $14.30, 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.
Total 6,164 Restricted Stock Units (RSU) were granted on May 23, 2019 pursuant to the Hope Bancorp, Inc. 2017 Long-Term Incentive Plan ("2017 LTIP") and Hope Bancorp, Inc. 2019 Incentive Compensation Plan ("2019 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installment of 2,054 shares will vest on May 23, 2020, and 2,055 shares each will vest annually on May 23, 2021, and 2022.
3,082 performance-based restricted stock units ("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 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.
3,082 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.
Total 4,231 RSU were granted on March 8, 2019 pursuant to the 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 2,115 and 2,116 shares will vest annually on March 8, 2020 and 2021 respectively.
Total 4,696 RSU were granted on April 26, 2018 pursuant to the 2017 LTIP and 2016 ICP. Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 1,565 shares each will vest annually on April 26, 2019, 2020, and 1,566 shares on April 26, 2021.
2,348 PRSU were granted on April 26, 2018 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 11-quarter period from April 1, 2018 through December 31, 2020. 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.
2,348 PRSU were granted on April 26, 2018 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 an 11-quarter period from April 1, 2018 through December 31, 2020. 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.
Total 2,000 RSU were granted on July 27, 2017 pursuant to the 2017 LTIP and 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.
1,000 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.
1,000 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.
On September 1, 2016, the reporting person was granted 7,000 RSU pursuant to the 2016 ICP. RSUs convert into common stock on a one-for-one basis and vest annually in five equal installments on September 1st of 2017, 2018, 2019, 2020, and 2021.
Non-qualified stock options granted on September 1, 2016 pursuant to the 2016 ICP. These options vest annually in five equal installments on September 1st of 2017, 2018, 2019, 2020 and 2021.