0001209191-17-046826.txt : 20170731 0001209191-17-046826.hdr.sgml : 20170731 20170731202548 ACCESSION NUMBER: 0001209191-17-046826 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170727 FILED AS OF DATE: 20170731 DATE AS OF CHANGE: 20170731 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Malone David P CENTRAL INDEX KEY: 0001680721 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50245 FILM NUMBER: 17994386 MAIL ADDRESS: STREET 1: 3200 WILSHIRE BLVD. STREET 2: SUITE 1400 CITY: LOS ANGELES STATE: CA ZIP: 90010 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: HOPE BANCORP INC CENTRAL INDEX KEY: 0001128361 STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021] IRS NUMBER: 954849715 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3200 WILSHIRE BLVD STREET 2: SUITE 1200 CITY: LOS ANGELES STATE: CA ZIP: 90010 BUSINESS PHONE: 2133873200 MAIL ADDRESS: STREET 1: 3200 WILSHIRE BLVD STREET 2: SUITE 1200 CITY: LOS ANGELES STATE: CA ZIP: 90010 FORMER COMPANY: FORMER CONFORMED NAME: BBCN BANCORP INC DATE OF NAME CHANGE: 20111207 FORMER COMPANY: FORMER CONFORMED NAME: NARA BANCORP INC DATE OF NAME CHANGE: 20001115 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2017-07-27 0 0001128361 HOPE BANCORP INC HOPE 0001680721 Malone David P 3200 WILSHIRE BLVD. SUITE 1400 LOS ANGELES CA 90010 1 1 0 0 SEVP, Chief Operating Officer Common Stock 4500 D Time-based Restricted Stock Units 2017-07-27 4 A 0 8500 0.00 A Common Stock 8500 8500 D Performance-based Restricted Stock Units 2017-07-27 4 A 0 4250 0.00 A 2020-07-27 Common Stock 4250 4250 D Performance-based Restricted Stock Units 2017-07-27 4 A 0 4250 0.00 A 2020-07-27 Common Stock 4250 4250 D Restricted Stock Units Common Stock 9000 9000 D Non-qualified stock option (right to buy) 17.18 2026-09-01 Common Stock 20000 20000 D Total 8,500 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 2,833 shares each will vest annually on July 27, 2018, 2019, and 2020. 4,250 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. 4,250 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. Total 13,500 restricted stock units were granted on September 1, 2016 pursuant to the 2016 ICP. Each restricted stock unit represents a contingent right to receive one share of HOPE Bancorp, Inc. common stock. 1/3 of the award vested immediately on the grant date, with the remaining 2/3 vesting in 2 equal annual installments thereafter. These options were granted on September 1, 2016 pursuant to the 2016 ICP. 1/3 of the options vested immediately on the grant date, with the remaining 2/3 vesting in two equal annual installments thereafter. /s/Claire Hur as attorney-in-fact for David Malone 2017-07-31