0001209191-17-046831.txt : 20170731 0001209191-17-046831.hdr.sgml : 20170731 20170731204002 ACCESSION NUMBER: 0001209191-17-046831 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: Koh Peter CENTRAL INDEX KEY: 0001521137 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50245 FILM NUMBER: 17994410 MAIL ADDRESS: STREET 1: 3200 WILSHIRE BLVD 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 0001521137 Koh Peter 3200 WILSHIRE BLVD. SUITE 1400 LOS ANGELES CA 90010 0 1 0 0 EVP, Chief Credit Officer Common Stock 61842 D Common Stock (Restricted Stock) 4250 D Time-based Restricted Stock Units 2017-07-27 4 A 0 2000 0.00 A Common Stock 2000 2000 D Performance-based Restricted Stock Units 2017-07-27 4 A 0 1000 0.00 A 2020-07-27 Common Stock 1000 1000 D Performance-based Restricted Stock Units 2017-07-27 4 A 0 1000 0.00 A 2020-07-27 Common Stock 1000 1000 D Incentive Stock Option (right to buy) 14.95 2020-09-30 Common Stock 7034 7034 D Incentive Stock Option (right to buy) 17.18 2026-09-01 Common Stock 20000 20000 D 4,250 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. 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. 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. 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. 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. 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. /s/Claire Hur as attorney-in-fact for Peter Koh 2017-07-31