X0303 4 2011-01-18 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 181567 D Common Stock, par value $0.01 per share 31872 I By ESOP Common Stock, par value $0.01 per share 5873 I by PIB Stock Option (Right to Buy) 15.69 2011-01-18 4 A 0 75000 0 A 2018-01-24 Common Stock 75000 75000 D Phantom Stock Units 0 2009-12-31 5 A 0 1828 0 A Common Stock 1828 6403 D Stock Option (Right to Buy) 10.33 2005-01-13 2014-04-14 Common Stock 320600 320600 D Stock Option (Right to Buy) 12.76 2016-07-20 Common Stock 150000 150000 D Stock Option (Right to Buy) 12.76 2009-01-20 2016-07-20 Common Stock 75000 75000 D Stock Option (Right to Buy) 13.78 2010-01-26 2017-01-25 Common Stock 67500 67500 D All shares reported as directly owned on separate lines of the most recent prior Form 4 have been combined. The reported total includes 12,500 shares of unvested restricted stock awarded under the Hudson City Bancorp, Inc. 2006 Stock Incentive Plan (the "Plan") which will vest in equal installments on each of January 23, 2011 and 2012 subject only to continued employment through the vesting date. Performance Stock Option grant, on January 25, 2008, to purchase 75,000 shares of common stock pursuant to the Plan. The options are to vest January 25, 2011 based on 1) satisfaction of certain corporate performance measures and 2) approval by the Company's Compensation Committee that the measures were satisfied. The performance criteria have been met and, on January 18, 2011, approved. Accordingly 75,000 options will vest on January 25, 2011 subject only to continued employment through the vesting date. Option grant, on July 21, 2006, to purchase 150,000 shares of common stock pursuant to the Plan. 90,000 options have vested and the remaining 60,000 options will vest 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 6,403 shares on 12/31/09 through the Hudson City Savings Bank ESOP Restoration Plan. Performance Stock Option grant, on 1/19/10, to purchase 75,000 shares of common stock at $13.12 per share. These options have a 10-yr term ending 1/18/20 and become exercisable on 1/19/13. Performance Stock Option grant, on 1/23/09, to purchase 67,500 shares of common stock at $12.03 per share. These options have a 10-yr term ending 1/22/19 and become exercisable on 1/23/12. Terms may end earlier than 10 years in certain circumstances. Vesting is tied to satisfaction, by the exercisable dates, and approval by the Company's Compensation Committee, of certain corporate performance measures specific to each grant, and continuous service by the reporting person through such dates. Under applicable SEC regulations, these 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 2011-01-20