-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CkrSUsH/wjl3Ghh6s9ziaaix2rP9J5e8vMAzu16BVNy3zX3ODy2XEqszejDv5JqQ LAc+V7ANUHZqYt2gcuIirA== 0001299933-07-005731.txt : 20071002 0001299933-07-005731.hdr.sgml : 20071002 20071002133051 ACCESSION NUMBER: 0001299933-07-005731 CONFORMED SUBMISSION TYPE: 8-K/A PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20070702 ITEM INFORMATION: Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers FILED AS OF DATE: 20071002 DATE AS OF CHANGE: 20071002 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Federal Home Loan Bank of Pittsburgh CENTRAL INDEX KEY: 0001330399 STANDARD INDUSTRIAL CLASSIFICATION: FEDERAL & FEDERALLY-SPONSORED CREDIT AGENCIES [6111] IRS NUMBER: 000000000 STATE OF INCORPORATION: PA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K/A SEC ACT: 1934 Act SEC FILE NUMBER: 000-51395 FILM NUMBER: 071148780 BUSINESS ADDRESS: STREET 1: 601 GRANT STREET CITY: PITTSBURGH STATE: PA ZIP: 15219 BUSINESS PHONE: 412-288-3400 MAIL ADDRESS: STREET 1: 601 GRANT STREET CITY: PITTSBURGH STATE: PA ZIP: 15219 8-K/A 1 htm_22946.htm LIVE FILING Federal Home Loan Bank of Pittsburgh (Form: 8-K/A)  

 

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549

FORM 8-K/A
(Amendment No. 1)

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

     
Date of Report (Date of Earliest Event Reported):   July 2, 2007

Federal Home Loan Bank of Pittsburgh
__________________________________________
(Exact name of registrant as specified in its charter)

     
Federally Chartered Corporation 000-51395 25-6001324
_____________________
(State or other jurisdiction 		_____________
(Commission 		______________
(I.R.S. Employer
of incorporation) File Number) Identification No.)
      
601 Grant Street, Pittsburgh, Pennsylvania   15219
_________________________________
(Address of principal executive offices) 		  ___________
(Zip Code)
     
Registrant’s telephone number, including area code:   412-288-3400

Not Applicable
______________________________________________
Former name or former address, if changed since last report

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[  ]  Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[  ]  Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[  ]  Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[  ]  Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

The purpose of this Current Report on Form 8-K/A is to amend the Current Report on Form 8-K previously filed on July 2, 2007 by the Federal Home Loan Bank of Pittsburgh ("Bank"), reporting the approval by the Bank’s Board of Directors of the: 1) termination of the Bank’s Long-Term Incentive Compensation Plan and its Short-Term Incentive Compensation Plan ("STI") effective December 31, 2007 and 2) establishment of a new short-term Variable Incentive Plan ("VIP") effective January 1, 2008 to replace the Bank’s existing STI. The Bank’s executive officers, including its Named Executive Officers ("NEOs") as identified in its 2006 Annual Report on Form 10-K, as amended, filed on May 11, 2007 are participants in the existing plans and will be participants in the new VIP. At its meeting on September 26, 2007, the Board approved the following payout percentages (expressed as a percentage of base salary) that the NEOs will be eligible to receive under the VIP:

CEO - Threshold-32.5% , Target-55%, Maximum-100%

Other NEOs - Threshold-28.75%, Target-40%, Maximum-77.5%





SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

         
    Federal Home Loan Bank of Pittsburgh
          
October 2, 2007   By:   Kristina K. Williams
       
        Name: Kristina K. Williams
        Title: Chief Financial Officer
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