HOPE BANCORP INC — Director's Dealing 2019

Mar 12, 2019

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HOPE BANCORP INC (HOPE)
CIK: 0001128361
Period of Report: 2019-03-08

Reporting Person: Kim Kevin Sung (Director, President & CEO)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2019-03-08	Time-based Restricted Stock Units	$	A	20976	Acquired		Common Stock (20976)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	553887	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Time-based Restricted Stock Units	$		Common Stock (30294)	30294	Direct
Performance-based Restricted Stock Units	$		Common Stock (15147)	15147	Direct
Performance-based Restricted Stock Units	$		Common Stock (15147)	15147	Direct
Time-based Restricted Stock Units	$		Common Stock (19104)	19104	Direct
Performance-based Restricted Stock Units	$		Common Stock (14328)	14328	Direct
Performance-based Restricted Stock Units	$		Common Stock (14328)	14328	Direct
Incentive stock option (right to buy)	$17.18	2026-09-01	Common Stock (60000)	60000	Direct
Non-qualified Stock Option (right to buy)	$15.88	2024-04-11	Common Stock (170000)	170000	Direct
Employee Stock Option (right to buy)	$16.12	2026-05-26	Common Stock (30660)	30660	Direct

Footnotes

F1: The amount includes 1,078 shares acquired in February 2019 under the Bank of Hope Employee Stock Purchase Plan in transactions that were exempt under both Rule 16b-3(c), as well as Rule 16a-3(f)(1)(i)(B)

F2: Total 20,976 Restricted Stock Units (RSU) were granted on March 8, 2019 pursuant to the Hope Bancorp, Inc. 2016 Incentive Compensation Plan ("2016 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 10,488 shares each will vest annually on March 8, 2020 and 2021.

F3: Total 30,294 Restricted Stock Units (RSU) were granted on April 26, 2018 pursuant to the Hope Bancorp, Inc. 2017 Long-Term Incentive Plan ("2017 LTIP") and 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 10,098 shares each will vest annually on April 26, 2019, 2020, and 2021.

F4: 15,147 performance-based restricted stock units ("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.

F5: 15,147 performance-based restricted stock units ("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 a 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.

F6: Total 28,656 Restricted Stock Units (RSU) were granted on June 26, 2017 pursuant to 2017 Long-Term Incentive Plan [2017 LTIP] and 2016 Incentive Compensation Plan [2016 ICP]. Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 9,552 shares each will vest on June 26, 2018, 2019, and 2020.

F7: 14,328 performance-based restricted stock units ("PRSU") were granted on June 26, 2017 pursuant to the 2017 LTIP and the 2016 ICP. Vesting of these PRSU shares depends upon Hope's achievement of a specified increase in the cumulative quarterly earnings per share during the 11-quarter period from April 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.

F8: 14,328 performance-based restricted stock units ("PRSU") were granted on June 26, 2017 pursuant to the 2017 LTIP and the 2016 ICP. 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 11-quarter period from April 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.

F9: Non-qualified stock options were granted on September 1, 2016 pursuant to the 2016 ICP, formerly known as the BBCN Bancorp, Inc. 2016 Incentive Compensation Plan. These options were fully vested as of September 1, 2018.

F10: Non-qualified stock options granted on April 11, 2014 under the BBCN Bancorp Inc. 2007 Equity Incentive Plan. 10,000 options remain unvested, and will vest on April 11, 2019.

F11: Non-qualified stock options granted on May 26, 2016 under the BBCN Bancorp Inc. 2007 Equity Incentive Plan. These options will vest on April 11, 2019.