X0202 4 2006-07-21 0000921847 HUDSON CITY BANCORP INC HCBK 0001206752 SALAMONE DENIS J WEST 80 CENTURY ROAD PARAMUS NJ 07652 1 1 0 0 Senior Executive VP Common Stock, par value $0.01/share 703520 D Common Stock, par value $0.01/share 249890 I By GRAT Common Stock, par value $0.01/share 128240 I By Spouse Common Stock, par value $0.01/share 38472 D Common Stock, par value $0.01/share 22001 I By ESOP Common Stock, par value $0.01/share 6412 I by IRA Common Stock, par value $0.01/share 3412 I By PIB Stock Option (Right to Buy) 12.76 2006-07-21 4 A 0 750000 0 A 2016-07-21 Common Stock 750000 750000 D Stock Option (Right to Buy) 12.22 2014-02-18 Common Stock 320599 320599 D Stock Option (Right to Buy) 3.59 2011-10-28 Common Stock 820736 820736 D Phantom Stock Units Common Stock 31713 31713 D Award to the reporting person of 15,000 shares of common stock pursuant to the Hudson City Bancorp, Inc. 2000 Recognition and Retention Plan ("RRP"), which the stockholders approved at a Special Meeting of Stockholders of Hudson City Bancorp, Inc. held on January 13, 2000 ("Special Meeting"), effective February 19, 2004. The shares awarded were adjusted to reflect a 3.206-for-1 stock split on June 7, 2005 and on April 20, 2006, 9,618 shares vested and became directly owned by the reporting person. Such award will vest at a rate of 9,618 shares per year on each of April 20, 2007, 2008, 2009 and 2010. Previous award to the reporting person of 100,000 shares of common stock pursuant to the Denis J. Salamone Restricted Stock Award Plan ("the Plan"), was made by the Board of Directors, effective November 9, 2001. On April 20, 2002, 20,000 shares vested and became directly owned by the reporting person. (Footnote 1 continues in Footnote 2.) The shares awarded pursuant to the Plan were adjusted to reflect a 2-for-1 stock split on June 17, 2002 and on each of April 20, 2003, 2004 and 2005 an additional 40,000 shares vested and became directly owned by the reporting person. The shares awarded were adjusted to reflect a 3.206-for-1 stock split on June 7, 2005 and 128,240 shares vested and became directly owned by the reporting person on April 20, 2006. Grant to reporting person of options to buy 100,000 shares of common stock pursuant to the Hudson City Bancorp, Inc. 2000 Stock Option Plan, approved at the Special Meeting, was made by the Board of Directors, effective February 19, 2004. The options awarded and the exercise price of those options were adjusted to reflect a 3.206-for-1 stock split on June 7, 2005 and 64,120 options vested and became exercisable on January 13, 2006. The remaining options will vest and become exercisable at a rate of 64,120 shares per year on each of January 13, 2007, 2008, 2009 and 2010. (Footnote 3 continues in Footnote 4.) Previous grant to the reporting person of options to buy 160,000 shares of common stock pursuant to the Stock Option Agreement for Denis J. Salamone was made by the Board of Directors, effective October 29, 2001. Options to buy 32,000 shares of common stock vested and became exercisable on January 13, 2002. The options awarded to the reporting person were adjusted to reflect a 2-for-1 stock split on June 17, 2002 and 64,000 options vested and became exercisable on each of January 13, 2003, 2004 and 2005. The options awarded were adjusted to reflect a 3.206-for-1 stock split on June 7, 2005 and 205,184 options vested and became exercisable on January 13, 2006. The reporting person is due upon retirement the equivalent dollar value of 31,713 shares of HCBK common stock as of December 31, 2005 through the Hudson City Savings Bank ESOP Restoration Plan. The shares reported are held in a grantor retained annuity trust that was established for the benefit of the reporting person's children. The reporting person is the grantor and the reporting person and his children serve as trustees. Shares are held in the reporting person's account in the Hudson City Savings Bank Profit Incentive Bonus Plan at December 31, 2005. Grant to the reporting person of options to buy 750,000 shares of common stock pursuant to the Hudson City Bancorp, Inc. 2006 Stock Incentive Plan, which the stockholders approved at the Annual Meeting of Stockholders of Hudson City Bancorp, Inc. held on June 8, 2006, effective July 21, 2006. Such options will vest and become exercisable at a rate of 60% on July 21, 2009 with the remaining 40% vesting on July 21, 2011. In addition, on July 21, 2006 the reporting person received a grant of Performance Stock Options to purchase 375,000 shares of Common Stock, par value $0.01 per share, at a price per share of $12.76. These options have a 10-year term ending July 21, 2016 (or earlier in certain circumstances) and become exercisable on December 31, 2008 provided that the reporting person remains in continuous service through such date and certain corporate performance measures tied to operating efficiency and credit qualify have been satisfied. Under applicable SEC regulations, these options are reportable in Table II of Form 4 only if and when the performance conditions have been satisfied. By: Louis J. Beierle, Attorney-in-fact 2006-07-25