Filing Details

Accession Number:
0001209191-18-026963
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-04-30 21:31:56
Reporting Period:
2018-04-26
Accepted Time:
2018-04-30 21:31:56
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
1521137 Peter Koh 3200 Wilshire Blvd.
Suite 1400
Los Angeles CA 90010
Evp, Chief Credit Officer 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 Acquisiton 2016-09-01 7,000 $0.00 66,282 No 4 A Direct
Common Stock Disposition 2017-09-01 526 $16.20 65,756 No 4 F Direct
Common Stock Disposition 2018-02-23 5,000 $18.40 60,756 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 A Direct
No 4 F Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Common Stock Time-based Restricted Stock Units Acquisiton 2018-04-26 3,989 $0.00 3,989 $0.00
Common Stock Performance-based Restricted Stock Units Acquisiton 2018-04-26 1,995 $0.00 1,995 $0.00
Common Stock Performance-based Restricted Stock Units Acquisiton 2018-04-26 1,995 $0.00 1,995 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
3,989 No 4 A Direct
1,995 2021-04-26 No 4 A Direct
1,995 2021-04-26 No 4 A Direct
Reported Non-Derivative Holdings
Sec. Name Remaning Holdings Nature of Ownership Explanation
Common Stock (Restricted Stock) 1,512 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) $14.95 2020-09-30 7,034 7,034 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
2020-09-30 7,034 7,034 Direct
2026-09-01 20,000 20,000 Direct
Footnotes
  1. On September 1, 2016, the reporting person was granted 7,000 Restricted Stock Units (RSU) pursuant to the 2016 Incentive Compensation Plan ("2016 ICP"). RSUs convert into common stock on a one-for-one basis and vest annually in five equal installments beginning on the first anniversary of the grant date.
  2. 1,512 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 3,989 Restricted Stock Units (RSU) were granted on April 26, 2018 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 1,329 shares each will vest annually on April 26, 2019, 2020, and 1,331 shares on April 26, 2021.
  4. 1,995 performance-based restricted stock units ("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.
  5. 1,995 performance-based restricted stock units ("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 a 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.
  6. 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.
  7. 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.
  8. 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.
  9. Options granted on 09/30/15. Vesting schedule: 25% on 09/30/15, 25% on 09/30/16, 25% on 09/30/17, and 25% on 09/30/18.
  10. 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.