X0303 4 2009-01-20 0000921847 HUDSON CITY BANCORP INC HCBK 0001286880 BUTKOVICH RONALD J WEST 80 CENTURY ROAD PARAMUS NJ 07652 0 1 0 0 Senior Vice President Common Stock, par value $0.01 per share 245817 D Common Stock, par value $0.01 per share 20009 I By ESOP Common Stock, par value $0.01 per share 5873 I by PIB Stock Option (Right to Buy) 12.76 2009-01-20 4 A 0 75000 0 A 2009-01-20 2016-07-20 Common Stock 75000 75000 D Stock Option (Right to Buy) 10.33 2006-01-13 2014-04-14 Common Stock 320600 320600 D Stock Option (Right to Buy) 12.76 2016-07-20 Common Stock 150000 150000 D Phantom Stock Units Common Stock 2760 2760 D Grant to the reporting person of options to purchase 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. The reporting person holds the shares through the Hudson City Savings Bank's Profit Incentive Bonus Plan. The reporting person is due, upon retirement, the equivalent dollar value of 2,760 shares on 12/31/07 through the Hudson City Savings Bank ESOP Restoration Plan. On July 21, 2006, the reporting person received a grant of Performance Stock Options to purchase 75,000 shares of common stock. The options were to vest on December 31, 2008 based on 1) satisfaction, as of December 31, 2008, of certain corporate performance measures and 2) certification by the Company's Compensation Committee that the measures were satisifed. The performance criteria were met, and on January 20, 2009, certified. Accordingly, 75,000 options vested and became exercisable by the reporting person. On 1/25/08, 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 of $15.69. These options have a 10-yr. term ending 1/24/18 (or earlier in certain circumstances) and become exercisable on 1/25/11 provided the reporting person remains in continuous service through such date and certain corporate performance measures tied to return on equity and diluted earnings per share have been satisifed. On 1/26/07, the reporting person received a grant of Performance Stock Options to purchase 67,500 shares of Common Stock, par value $0.01 per share at a price per share of $13.78. These options have a 10-year term ending 1/25/17 (or earlier in certain circumstances) and become exercisable on 1/26/10 provided that the reporting person remains in continuous service through such date and certain corporate performance measures tied to return on equity and diluted earnings per share have been satisfied. Under applicable SEC regulations, both Performance Stock Option grants are reportable in Table II of Form 4 only if and when the performance conditions have been satisfied. Veronica A. Olszewski, Attorney-in-fact 2009-01-22