0001209191-20-043923.txt : 20200729
0001209191-20-043923.hdr.sgml : 20200729
20200729135521
ACCESSION NUMBER: 0001209191-20-043923
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200727
FILED AS OF DATE: 20200729
DATE AS OF CHANGE: 20200729
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KIM KYU S.
CENTRAL INDEX KEY: 0001402559
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-50245
FILM NUMBER: 201056745
MAIL ADDRESS:
STREET 1: 3731 WILSHIRE BLVD., SUITE 1000
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 1400
CITY: LOS ANGELES
STATE: CA
ZIP: 90010
BUSINESS PHONE: 2136391700
MAIL ADDRESS:
STREET 1: 3200 WILSHIRE BLVD
STREET 2: SUITE 1400
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
2020-07-27
0
0001128361
HOPE BANCORP INC
HOPE
0001402559
KIM KYU S.
3200 WILSHIRE BLVD., SUITE 1400
LOS ANGELES
CA
90010
0
1
0
0
SEVP, Eastern Region President
Common Stock
2020-07-27
4
M
0
834
8.42
A
25458
D
Common Stock
2020-07-27
4
F
0
284
8.42
D
25174
D
Time-based Restricted Stock Units
Common Stock
7500
7500
D
Performance-based Restricted Stock Units
Common Stock
3750
3750
D
Performance-based Restricted Stock Units
Common Stock
3750
3750
D
Time-based Restricted Stock Units
Common Stock
5453
5453
D
Time-based Restricted Stock Units
Common Stock
3626
3626
D
Performance-based Restricted Stock Units
Common Stock
2719
2719
D
Performance-based Restricted Stock Units
Common Stock
2719
2719
D
Time-based Restricted Stock Units
Common Stock
2317
2317
D
Time-based Restricted Stock Units
Common Stock
1723
1723
D
Performance-based Restricted Stock Units
Common Stock
2584
2584
D
Performance-based Restricted Stock Units
Common Stock
2584
2584
D
Time-based Restricted Stock Units
2020-07-27
4
M
0
834
8.42
D
Common Stock
834
0
D
Incentive Stock Option (right to buy)
17.18
2026-09-01
Common Stock
30000
30000
D
Time-based Restricted Stock Units
Common Stock
3600
3600
D
Total 7,500 Restricted Stock Units ("RSU") were granted on April 22, 2020 pursuant to the Hope Bancorp, Inc. 2017 Long-Term Incentive Plan ("2017 LTIP") and the Hope Bancorp, Inc. 2020 Incentive Compensation Plan ("2020 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 2,500 shares each will vest annually on April 22, 2021, 2022, and 2023.
3,750 performance-based restricted stock units ("PRSU") were granted on April 22, 2020 pursuant to the 2017 LTIP and 2020 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, 2020 through December 31, 2022. 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.
3,750 PRSU were granted on April 22, 2020 pursuant to the 2017 LTIP and 2020 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 over an 11-quarter period from April 1, 2020 through December 31, 2022. 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 5,453 RSU were granted on March 6, 2020 pursuant to the Hope Bancorp, Inc. 2019 Incentive Compensation Plan ("2019 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 2,726 and 2,727 shares each will vest annually on March 6, 2021 and 2022 respectively.
Total 5,439 RSU were granted on May 23, 2019 pursuant to the 2017 LTIP and the 2019 ICP. Each RSU represents a contingent right to receive one share of Hope common stock. Installment of 1,813 shares each will vest annually on May 23, 2020, 2021, and 2022.
2,719 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.
2,719 PRSU were granted on May 23, 2019 pursuant to the 2017 LTIP and the 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 4,634 RSU were granted on March 8, 2019 pursuant to the Hope Bancorp, Inc. 2016 Incentive Compensation Plan ("2016 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 2,317 shares each will vest annually on March 8, 2020 and 2021.
Total 5,168 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 1,722 shares will vest on April 26, 2019, and 1,723 shares each will vest annually on April 26, 2020, 2021.
2,584 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.
2,584 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.
Total 2,500 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 833 shares each will vest annually on July 27, 2018, 2019, and 2020.
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.
On September 1, 2016, the reporting person was granted 9,000 RSU pursuant to the 2016 ICP. RSUs convert into common stock on a one-for-one basis and vest annually in five equal installments beginning on the first anniversary of the grant date.
/s/Claire Hur as attorney-in-fact for Kyu S. Kim
2020-07-29