0001209191-21-019694.txt : 20210310
0001209191-21-019694.hdr.sgml : 20210310
20210310214216
ACCESSION NUMBER: 0001209191-21-019694
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20210308
FILED AS OF DATE: 20210310
DATE AS OF CHANGE: 20210310
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Koh Peter
CENTRAL INDEX KEY: 0001521137
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 000-50245
FILM NUMBER: 21731656
MAIL ADDRESS:
STREET 1: 3200 WILSHIRE BLVD
CITY: LOS ANGELES
STATE: CA
ZIP: 90010
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HOPE BANCORP INC
CENTRAL INDEX KEY: 0001128361
STANDARD INDUSTRIAL CLASSIFICATION: NATIONAL COMMERCIAL BANKS [6021]
IRS NUMBER: 954849715
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3200 WILSHIRE BLVD
STREET 2: SUITE 1400
CITY: LOS ANGELES
STATE: CA
ZIP: 90010
BUSINESS PHONE: 2136391700
MAIL ADDRESS:
STREET 1: 3200 WILSHIRE BLVD
STREET 2: SUITE 1400
CITY: LOS ANGELES
STATE: CA
ZIP: 90010
FORMER COMPANY:
FORMER CONFORMED NAME: BBCN BANCORP INC
DATE OF NAME CHANGE: 20111207
FORMER COMPANY:
FORMER CONFORMED NAME: NARA BANCORP INC
DATE OF NAME CHANGE: 20001115
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2021-03-08
0
0001128361
HOPE BANCORP INC
HOPE
0001521137
Koh Peter
3200 WILSHIRE BLVD.
SUITE 1400
LOS ANGELES
CA
90010
0
1
0
0
EVP, Chief Credit Officer
Common Stock
2021-03-08
4
M
0
2015
15.30
A
65547
D
Common Stock
2021-03-08
4
F
0
828
15.30
D
64719
D
Common Stock
2021-03-08
4
M
0
2650
15.30
A
67369
D
Common Stock
2021-03-08
4
F
0
1089
15.30
D
66280
D
Time-based Restricted Stock Units
Common Stock
8000
8000
D
Performance-based Restricted Stock Units
Common Stock
4000
4000
D
Performance-based Restricted Stock Units
Common Stock
4000
4000
D
Time-based Restricted Stock Units
2021-03-08
4
M
0
2650
15.30
D
Common Stock
2650
2650
D
Time-based Restricted Stock Units
Common Stock
3384
3384
D
Performance-based Restricted Stock Units
Common Stock
2538
2538
D
Performance-based Restricted Stock Units
Common Stock
2538
2538
D
Time-based Restricted Stock Units
2021-03-08
4
M
0
2015
15.30
D
Common Stock
2015
0
D
Time-based Restricted Stock Units
Common Stock
1400
1400
D
Time-based Restricted Stock Units
Common Stock
1330
1330
D
Performance-based Restricted Stock Units
Common Stock
1995
1995
D
Performance-based Restricted Stock Units
Common Stock
1995
1995
D
Incentive Stock Option (right to buy)
14.95
2020-09-30
Common Stock
7034
7034
D
Incentive Stock Option (right to buy)
17.18
2026-09-01
Common Stock
20000
20000
D
Total 8,000 Restricted Stock Units ("RSU") were granted on April 22, 2020 pursuant to the Hope Bancorp, Inc. 2017 Long-Term Incentive Plan ("2017 LTIP") and the Hope Bancorp, Inc. 2019 Incentive Compensation Plan ("2019 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 2,666 will vest on April 22, 2021, and 2667 shares each will vest annually on April 22, 2022, and 2023.
4,000 performance-based restricted stock units ("PRSU") were granted on April 22, 2020 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the KRX Index over an 11-quarter period from April 1, 2020 through December 31, 2022. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
4,000 PRSU were granted on April 22, 2020 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative return on average assets in relation to the KRX Index over an 11-quarter period from April 1, 2020 through December 31, 2022. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
Total 5,300 RSU were granted on March 6, 2020 pursuant to the 2019 ICP. Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 2,650 shares each will vest annually on March 6, 2021 and 2022.
Total 5,076 RSU were granted on May 23, 2019 pursuant to the 2017 LTIP and the 2019 ICP. Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 1,692 shares each will vest annually on May 23, 2020, 2021, and 2022.
2,538 PRSU were granted on May 23, 2019 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative return on average assets in relation to the KRX Index during the 11-quarter period from April 1, 2019 through December 31, 2021. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
2,538 PRSU were granted on May 23, 2019 pursuant to the 2017 LTIP and 2019 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the KRX Index over an 11-quarter period from April 1, 2019 through December 31, 2021. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
Total 4,029 RSU were granted on March 8, 2019 pursuant to the BBCN Bancorp, Inc. 2016 Incentive Compensation Plan ("2016 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 2,014 and 2,015 shares will vest annually on March 8, 2020 and 2021 respectively.
On September 1, 2016, the reporting person was granted 7,000 RSU pursuant to the 2016 ICP. RSUs convert into common stock on a one-for-one basis and vest annually in five equal installments beginning on the first anniversary of the grant date.
Total 3,989 RSU were granted on April 26, 2018 pursuant to the 2017 LTIP and 2016 ICP. Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 1,329 shares will vest on April 26, 2019, and 1,330 shares each will vest annually on April 26, 2020 and 2021.
1,995 PRSU were granted on April 26, 2018 pursuant to the 2017 LTIP and the 2016 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU depends upon Hope's achievement of a specified increase in the cumulative quarterly earnings per share during the 11-quarter period from April 1, 2018 through December 31, 2020. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
1,995 PRSU were granted on April 26, 2018 pursuant to the 2017 LTIP and the 2016 ICP and subject to a 3-year cliff vesting. Vesting of these PRSU shares depends upon Hope's achievement of a specified relative ranking of the total stockholder return in relation to the KRX Index over an 11-quarter period from April 1, 2018 through December 31, 2020. Each PRSU represents a contingent right to receive one share of Hope common stock at Target performance. The "Target" number of shares is reported. Possible payout ranges from 0% of Target if the Threshold goal is not met, 50% to 99% on a prorated basis if the Threshold is met but the Target goal is not met, 100% to 149% on a prorated basis if the Target goal is met but the Stretch goal is not met, and 150% if the Stretch goal is met or exceeded.
Non-qualified stock options granted on 09/30/15. These options have become fully vested as of 9/30/18.
Non-qualified stock options granted on September 1, 2016 pursuant to the 2016 ICP. These options vest annually in five equal installments on September 1st of 2017, 2018, 2019, 2020 and 2021.
/s/Claire Hur as attorney-in-fact for Peter Koh
2021-03-10