David Malone - May 19, 2021 Form 4 Insider Report for HOPE BANCORP INC (HOPE)

Role: SEVP, Bank President & COO, Director
Signature: /s/Claire Hur as attorney-in-fact for David Malone
Stock symbol: HOPE
Transactions as of: May 19, 2021
Transactions value $: $0
Form type: 4
Date filed: 5/21/2021, 07:39 PM
Previous filing: Sep 2, 2021
Next filing: May 26, 2021

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
holding	HOPE	Common Stock						43.5K	May 19, 2021	Direct

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	HOPE	Time-based Restricted Stock Units	Award		+11.3K			11.3K	May 19, 2021	Common Stock	11.3K		Direct	F1
transaction	HOPE	Performance-based Restricted Stock Units	Award		+4.54K			4.54K	May 19, 2021	Common Stock	4.54K		Direct	F2
transaction	HOPE	Performance-based Restricted Stock Units	Award		+4.54K			4.54K	May 19, 2021	Common Stock	4.54K		Direct	F3
transaction	HOPE	Performance-based Restricted Stock Units	Award		+2.27K			2.27K	May 19, 2021	Common Stock	2.27K		Direct	F4
holding	HOPE	Time-based Restricted Stock Units						13.7K	May 19, 2021	Common Stock	13.7K		Direct	F5
holding	HOPE	Performance-based Restricted Stock Units						10.3K	May 19, 2021	Common Stock	10.3K		Direct	F6
holding	HOPE	Performance-based Restricted Stock Units						10.3K	May 19, 2021	Common Stock	10.3K		Direct	F7
holding	HOPE	Time-based Restricted Stock Units						3.91K	May 19, 2021	Common Stock	3.91K		Direct	F8
holding	HOPE	Time-based Restricted Stock Units						8.57K	May 19, 2021	Common Stock	8.57K		Direct	F9
holding	HOPE	Performance-based Restricted Stock Units						6.42K	May 19, 2021	Common Stock	6.42K		Direct	F10
holding	HOPE	Performance-based Restricted Stock Units						6.42K	May 19, 2021	Common Stock	6.42K		Direct	F11
holding	HOPE	Non-qualified stock option (right to buy)						20K	May 19, 2021	Common Stock	20K	$17.18	Direct	F12

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	Total 11,349 Restricted Stock Units ("RSU") were granted on May 19, 2021 pursuant to the Hope Bancorp, Inc. 2017 Long-Term Incentive Plan ("2017 LTIP") and the Hope Bancorp, Inc. 2019 Incentive Compensation Plan ("2019 ICP"). Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 3,783 each will vest annually on May 19, 2022, 2023, and 2024.
F2	4,540 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	4,540 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	2,269 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	Total 20,500 RSU were granted on April 22, 2020 pursuant to the 2017 LTIP and the 2019 ICP. Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 6,833 each will vest annually on April 22, 2021 and April 22, 2022, and 6,834 shares will vest on April 22, 2023.
F6	10,250 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.
F7	10,250 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.
F8	Total 7,817 RSU were granted on March 6, 2020 pursuant to the 2019 ICP. Each RSU represents a contingent right to receive one share of Hope common stock. Installments of 3,908 and 3,909 shares each will vest annually on March 6, 2021 and 2022 respectively.
F9	Total 12,849 RSU were granted on May 23, 2019 pursuant to the 2017 LTIP and the 2019 ICP. Each RSU represents a contingent right to receive one share of Hope common stock. Installment of 4,283 shares each will vest annually on May 23, 2020, 2021, and 2022.
F10	6,424 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 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.
F11	6,424 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.
F12	Non-qualified stock options granted on September 1, 2016 pursuant to the 2016 ICP. 1/3 of the options vested immediately on the grant date, with the remaining 2/3 vesting in two equal annual installments thereafter.