HOPE BANCORP INC — Director's Dealing 2017

Dec 2, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HOPE BANCORP INC (HOPE)
CIK: 0001128361
Period of Report: 2017-11-29

Reporting Person: Song David Lee (EVP, Chief Lending Ofc (West))

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-09-01	Common Stock	A	5000	—	Acquired	11609	Direct
2017-09-01	Common Stock	F	376	$16.20	Disposed	11233	Direct
2017-11-29	Common Stock	S	3000	$19.25	Disposed	8233	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock (Restricted Stock)	2015	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Time-based Restricted Stock Units	$		Common Stock (1500)	1500	Direct
Performance-based Restricted Stock Units	$		Common Stock (750)	750	Direct
Performance-based Restricted Stock Units	$		Common Stock (750)	750	Direct
Incentive Stock Option (right to buy)	$17.18	2026-09-01	Common Stock (20000)	20000	Direct

Footnotes

F1: On 9/1/16, the reporting person was granted 5,000 Restricted Stock Units (RSU) pursuant to the 2016 Incentive Compensation Plan ("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. The amount reflected in Column 5 of Table I corrects the amount of securities beneficially owned in Form 4 filed on 7/27/17.

F2: 2,015 represents outstanding (unvested) Restricted Stock from previous grants on 4/8/15 and 3/16/16, including accrued dividends to date. These shares will vest in March-April 2018 and 2019 according to previously disclosed vesting schedules.

F3: Total 1,500 Restricted Stock Units (RSU) were granted on July 27, 2017 pursuant to the Hope Bancorp, Inc. 2017 Long-Term Incentive Plan ("2017 LTIP") and 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 500 shares each will vest annually on July 27, 2018, 2019, and 2020.

F4: 750 performance-based restricted stock units ("PRSU") were granted on July 27, 2017 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 10-quarter period from July 1, 2017 through December 31, 2019. 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.

F5: 750 performance-based restricted stock units ("PRSU") were granted on July 27, 2017 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 a 10-quarter period from July 1, 2017 through December 31, 2019. 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.

F6: Options granted on September 1, 2016 pursuant to the 2016 ICP. Options vest annually in five equal installments on September 1st of 2017, 2018, 2019, 2020 and 2021.