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CATHAY GENERAL BANCORP — Director's Dealing 2018
Mar 5, 2018
31304_dirs_2018-03-05_39aa37f4-ef05-4577-bee6-dacc665337b1.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: CATHAY GENERAL BANCORP (CATY)
CIK: 0000861842
Period of Report: 2018-03-01
Reporting Person: CHENG DUNSON K (Director, Executive Chairman)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2018-03-01 | Common Stock | M | 27868 | — | Acquired | 124992 | Direct |
| 2018-03-01 | Common Stock | F | 13818 | $41.22 | Disposed | 111174 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2018-03-01 | Restricted Stock Units | $ | A | 6038 | Acquired | Common Stock (6038) | Direct | |
| 2018-03-01 | Restricted Stock Units | $ | M | 23465 | Disposed | Common Stock (23465) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 445577 | Indirect |
| Common Stock | 182452 | Indirect |
| Common Stock | 102904 | Indirect |
Footnotes
F1: Shares of the Issuer's Common Stock received by the Reporting Person from the vesting of performance-based restricted stock units granted on December 18, 2014. Such restricted stock units were previously reported in Table II on a Form 4 filed by the Reporting Person with the Securities and Exchange Commission on December 24, 2014.
F2: Shares withheld by Registrant to satisfy minimum statutory withholding requirements on vesting of restricted stock units.
F3: Each restricted stock unit represented a contingent right to receive one share of Common Stock upon vesting, subject to adjustment in accordance with the award agreement and the Cathay General Bancorp 2005 Incentive Plan, as amended and restated.
F4: These restricted stock units are scheduled to vest in 3 annual equal installments beginning March 1, 2019, or earlier in the event of death, disability, retirement, or change in control.
F5: Of the previously reported target award of 23,465 shares of restricted stock unit, 110.641% of the target award was earned based upon the achievement of certain performance criteria.
F6: Performance-based restricted stock units vested on December 31, 2017.