X0202 4 2006-07-21 0000921847 HUDSON CITY BANCORP INC HCBK 0001206759 LEE MICHAEL B WEST 80 CENTURY ROAD PARAMUS NJ 07652 0 1 0 0 Senior Vice President Common Stock, par value $0.01/ share 2006-07-24 4 M 0 25000 2.16 A 370345 D Common Stock, par value $0.01/ share 2006-07-24 4 S 0 25000 12.78 D 345345 D Common Stock, par value $0.01/ share 12824 D Common Stock, par value $0.01/ share 36851 I By PIB Common Stock, par value $0.01/ share 43441 I By ESOP Common Stock, par value $0.01/ share 320 I By Spouse/Son Stock Option (Right to Buy) 12.76 2006-07-21 4 A 0 150000 0 A 2016-07-21 Common Stock 150000 150000 D Stock Option (Right to Buy) 2.16 2006-07-24 4 M 0 25000 0 D 2001-01-13 2010-01-13 Common Stock 25000 24937 D Stock Option (Right to Buy) 12.22 2014-02-18 Common Stock 128239 128239 D Award to the reporting person of 5,000 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 3,206 shares vested and became directly owned by the reporting person on April 20, 2006. Such award will vest at a rate of 3,206 shares per year on each of April 20, 2007, 2008, 2009 and 2010. 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 40,000 shares of common stock pursuant to the Hudson City Bancorp, Inc. 2000 Stock Option Plan, which the stockholders approved at the Special Meeting, 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 25,647 shares vested and became exercisable by the reporting person on January 13, 2006. Such award will vest at a rate of 25,647 shares per year on each of January 13, 2007, 2008, 2009 and 2010. Grant to the reporting person of options to buy 150,000 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, was 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 75,000 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. Louis J. Beierle, Attorney-in-Fact 2006-07-25