- Statement of Changes in Beneficial Ownership (4)
January 20 2011 - 4:37PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue.
See
Instruction 1(b).
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public
Utility Holding Company Act of 1935 or Section 30(f) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
McCambridge Michael D
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2. Issuer Name
and
Ticker or Trading Symbol
HUDSON CITY BANCORP INC
[
HCBK
]
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Senior Vice President
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(Last)
(First)
(Middle)
WEST 80 CENTURY ROAD
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3. Date of Earliest Transaction
(MM/DD/YYYY)
1/18/2011
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(Street)
PARAMUS, NJ 07652
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security
(Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code
(Instr. 8)
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4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock, par value $0.01 per share
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69595
(1)
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D
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Common Stock, par value $0.01 per share
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34945
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I
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By ESOP
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Common Stock, par value $0.01 per share
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9370
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I
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By PIB
(4)
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Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security
(Instr. 3)
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2. Conversion or Exercise Price of Derivative Security
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3. Trans. Date
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3A. Deemed Execution Date, if any
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4. Trans. Code
(Instr. 8)
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5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
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6. Date Exercisable and Expiration Date
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7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
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8. Price of Derivative Security
(Instr. 5)
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9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
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10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
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11. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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(A)
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(D)
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Date Exercisable
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Expiration Date
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Title
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Amount or Number of Shares
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Stock Option (Right to Buy)
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$15.69
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1/18/2011
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A
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50000
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(2)
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1/24/2018
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Common Stock
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50000
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$0
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50000
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D
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Stock Option (Right to Buy)
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$12.76
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(3)
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7/20/2016
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Common Stock
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100000
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100000
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D
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Stock Option (Right to Buy)
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$12.22
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1/13/2006
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2/18/2014
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Common Stock
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64120
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64120
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D
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Stock Option (Right to Buy)
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$12.76
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1/20/2009
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7/20/2016
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Common Stock
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50000
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50000
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D
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Stock Option (Right to Buy)
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$13.78
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1/26/2010
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1/25/2017
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Common Stock
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45000
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45000
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D
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Stock Option (Right to Buy)
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$11.91
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1/13/2005
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1/21/2014
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Common Stock
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32059
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32059
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D
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Stock Option (Right to Buy)
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$5.96
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1/13/2004
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1/13/2013
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Common Stock
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12824
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12824
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D
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Explanation of Responses:
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(
1)
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All shares reported as directly owned on separate lines of the most recent prior Form 4 have been combined. The reported total includes 10,000 shares of unvested restricted stock awarded under the Hudson City Bancorp, Inc. 2006 Stock Incentive Plan (the "Plan") which will vest in equal installments on each of January 23, 2011 and 2012 subject only to continued employment through the vesting date.
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(
2)
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Performance Stock Option grant, on January 25, 2008, to purchase 50,000 shares of common stock pursuant to the Plan. The options are to vest on January 25, 2011 based on 1) satisfaction of certain corporate performance measures and 2) approval by the Company's Compensation Committee that the measures were satisfied. The performance criteria have been met and, on January 18, 2011, approved. Accordingly 50,000 options will vest on January 25, 2011 subject only to continued employment through the vesting date.
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(
3)
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Option grant, on July 21, 2006, to purchase 100,000 shares of common stock pursuant to the Plan. 60,000 options have vested and the remaining 40,000 options will vest on July 21, 2011.
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(
4)
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Shares are held in the reporting person's account in the Hudson City Savings Bank Profit Incentive Bonus Plan.
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Remarks:
Performance Stock Option grant, on 1/19/10, to purchase 75,000 shares of common stock at $13.12 per share. These options have a 10-yr term ending 1/18/20 and become exercisable on 1/19/13. Performance Stock Option grant, on 1/23/09, to purchase 45,000 shares of common stock at $12.03 per share. These options have a 10-yr term ending 1/22/19 and become exercisable on 1/23/12. Terms may end earlier than 10 years in certain circumstances. Vesting is tied to satisfaction, by the exercisable dates, and approval by the Company's Compensation Committee, of certain corporate performance measures specific to each grant, and continuous service by the reporting person through such dates. Under applicable SEC regulations, these option grants are reportable in Table II of Form 4 only if and when the performance conditions have been satisfied.
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Reporting Owners
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Reporting Owner Name / Address
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Relationships
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Director
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10% Owner
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Officer
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Other
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McCambridge Michael D
WEST 80 CENTURY ROAD
PARAMUS, NJ 07652
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Senior Vice President
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Signatures
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Veronica A. Olszewski, Attorney-in-Fact
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1/20/2011
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**
Signature of Reporting Person
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Date
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Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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*
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If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
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**
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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Note:
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File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
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Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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