-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CiMcwS6zWGVHqPlFA/s7O+4H5VFRYQSQV9jODMYGkBlDvnyeOhXhGQBTY1DD1rj+ 6qVnWV5sfefu5N6CXE6Eiw== 0001181431-10-018894.txt : 20100330 0001181431-10-018894.hdr.sgml : 20100330 20100330215144 ACCESSION NUMBER: 0001181431-10-018894 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20100326 FILED AS OF DATE: 20100330 DATE AS OF CHANGE: 20100330 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KIM SANG HOON CENTRAL INDEX KEY: 0001250285 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 000-50050 FILM NUMBER: 10715798 MAIL ADDRESS: STREET 1: 3435 WILSHIRE BLVD SUITE 700 CITY: LOS ANGELES STATE: CA ZIP: 90010 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: CENTER FINANCIAL CORP CENTRAL INDEX KEY: 0001174820 STANDARD INDUSTRIAL CLASSIFICATION: STATE COMMERCIAL BANKS [6022] IRS NUMBER: 522380548 STATE OF INCORPORATION: CA FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3435 WILSHIRE BLVD STREET 2: STE 700 CITY: LOS ANGELES STATE: CA ZIP: 90010 BUSINESS PHONE: 2132512222 MAIL ADDRESS: STREET 1: 3435 WILSHIRE BLVD STREET 2: SUITE 700 CITY: LOS ANGELES STATE: CA ZIP: 90010 4 1 rrd271480.xml FORM 4 X0303 4 2010-03-26 0 0001174820 CENTER FINANCIAL CORP CLFC 0001250285 KIM SANG HOON 3435 WILSHIRE BLVD., SUITE 700 LOS ANGELES CA 90010 1 0 0 0 Preferred Stock, Series B 2010-03-26 4 S 0 500 1000 D 0 D Common Stock 2010-03-26 4 P 0 133333 0 A 930462 D Common Stock 2010-03-26 4 P 0 11264 0 A 941726 D The price for this transaction is zero because it involves an exchange of shares. The transaction represents the conversion of shares of the Company's Mandatorily Convertible Non-Cumulative Non-Voting Perpetual Preferred Stock, Series B ("Series B Preferred Stock") into common stock. The shares of Series B Preferred Stock were purchased from the Company in a private placement which closed on December 31, 2009 (the "December Private Placement"), at a purchase price of $1,000 per share. The issuance of the common shares upon the conversion of the Series B Preferred Stock was approved by the shareholders on March 24, 2010 and occurred automatically on March 29, 2010. Each share of Series B Preferred Stock was converted into a number of shares of common stock determined by dividing $1,000 per share by the initial conversion price of $3.75 per share. The price for this transaction is zero because it involves the issuance of additional shares to the reporting person without additional consideration in connection with a private placement of common stock that closed on November 30, 2009 (the "November Private Placement"). This transaction effectively adjusted the price paid for shares in the November Private Placement to $3.71 per share through the issuance of these additional shares. The shares in the November Private Placement were sold at a purchase price per share of $4.69 for directors and employees of the Company and $3.71 for other investors. The difference in the purchase price was necessary to comply with NASDAQ Listing Rule 5635(c). (Continue in footnote 3) The Company's shareholders approved the November Private Placement at a special meeting held on March 24, 2010, so that all investors in that private placement could be treated equally consistent with the NASDAQ rules and the additional shares could be issued to effectively adjust the purchase price. /s/ Lisa K. Pai as Power of Attorney 2010-03-30 -----END PRIVACY-ENHANCED MESSAGE-----