HOPE BANCORP INC — Director's Dealing 2022

Feb 11, 2022

SEC Form 5 — Annual Statement of Changes in Beneficial Ownership

Issuer: HOPE BANCORP INC (HOPE)
CIK: 0001128361
Period of Report: 2021-12-31

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

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	746672	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Performance-based Restricted Stock Units	$		Common Stock (16699)	16699	Direct
Performance-based Restricted Stock Units	$		Common Stock (16699)	16699	Direct
Performance-based Restricted Stock Units	$		Common Stock (8349)	8349	Direct
Performance-based Restricted Stock Units	$		Common Stock (37658)	37658	Direct
Performance-based Restricted Stock Units	$		Common Stock (37658)	37658	Direct
Performance-based Restricted Stock Units	$		Common Stock (21958)	21958	Direct
Performance-based Restricted Stock Units	$		Common Stock (21958)	21958	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: Total amount of securities beneficially owned in Column 5 of Table I in this Form 5 includes all of the reporting owner's unvested Restricted
Stock Units ("RSU") granted on May 19, 2021, April 22, 2020 and May 23, 2019 pursuant to the HOPE Bancorp, Inc. 2019 Incentive
Compensation Plan ("2019 ICP") previously reported in Table II. Outstanding RSU shares will vest according to previously disclosed vesting
schedules. The amount also includes 757 shares acquired in August 2021 under the Bank of Hope Employee Stock Purchase Plan in
transactions that were exempt under both Rule 16b-3(d) and Rule 16b-3(c), as well as Rule 16a-3(f)(1)(i)(B).

F2: 16,699 performance-based restricted stock units ("PRSU") were granted on May 19, 2021 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 common tangible
equity in relation to the bank's stated peer group over a 12-quarter period from January 1, 2021 through December 31, 2023. 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.

F3: 16,699 PRSU were granted on May 19, 2021 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 absolute earnings per share in relation to the bank's stated budget over a 12-
month period from January 1, 2021 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.

F4: 8,349 PRSU were granted on May 19, 2021 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 bank's stated
peer group over a 12-quarter period from January 1, 2021 through December 31, 2023. 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: 37,658 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.

F6: 37,658 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.

F7: 21,958 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.

F8: 21,958 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.

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 June 27, 2014 under the BBCN Bancorp Inc. 2007 Equity Incentive Plan. These options were fully
vested as of April 11, 2019.

F11: Non-qualified stock options granted on May 26, 2016 under the BBCN Bancorp Inc. 2007 Equity Incentive Plan. These options were fully vested
as of April 11, 2019.