Statement of Changes in Beneficial Ownership (4)
January 29 2015 - 3:23PM
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).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden
hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
KRANZ JAMES C
|
2. Issuer Name
and
Ticker or Trading Symbol
HUDSON CITY BANCORP INC
[
HCBK
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director
_____ 10% Owner
__
X
__ Officer (give title below)
_____ Other (specify below)
Executive Vice President
|
(Last)
(First)
(Middle)
WEST 80 CENTURY ROAD
|
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/27/2015
|
(Street)
PARAMUS, NJ 07652
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_
X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security
(Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code
(Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Stock, par value $0.01 per share
|
|
|
|
|
|
|
|
290087
|
D
|
|
Common Stock, par value $0.01 per share
|
|
|
|
|
|
|
|
128243
|
I
|
By PIB
(1)
|
Common Stock, par value $0.01 per share
|
|
|
|
|
|
|
|
92700
|
I
|
By ESOP
|
Common Stock, par value $0.01 per share
|
|
|
|
|
|
|
|
9618
|
I
|
By IRA
|
Table II - Derivative Securities Beneficially Owned (
e.g.
, puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security
(Instr. 3)
|
2. Conversion or Exercise Price of Derivative Security
|
3. Trans. Date
|
3A. Deemed Execution Date, if any
|
4. Trans. Code
(Instr. 8)
|
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
|
6. Date Exercisable and Expiration Date
|
7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
|
8. Price of Derivative Security
(Instr. 5)
|
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
|
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
|
11. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
(A)
|
(D)
|
Date Exercisable
|
Expiration Date
|
Title
|
Amount or Number of Shares
|
Deferred Stock Unit
|
$0
(6)
|
1/27/2015
|
|
A
|
|
51400
|
|
(6)
|
(6)
|
Common Stock
|
51400
|
$0
|
51400
|
D
|
|
Deferred Stock Units
|
$0
(7)
|
1/27/2015
|
|
A
|
|
37884
|
|
(7)
|
(7)
|
Common Stock
|
37884
|
$0
|
37884
|
D
|
|
Deferred Stock Units
|
$0
(5)
|
1/27/2015
|
|
A
|
|
22644
|
|
(5)
|
(5)
|
Common Stock
|
22644
|
$0
|
34057
|
D
|
|
Stock Option (Right to Buy)
|
$15.69
|
|
|
|
|
|
|
1/25/2011
|
1/24/2018
|
Common Stock
|
150000
|
|
150000
|
D
|
|
Stock Option (Right to Buy)
|
$12.76
|
|
|
|
|
|
|
7/21/2009
|
7/20/2016
|
Common Stock
|
150000
|
|
150000
|
D
|
|
Stock Option (Right to Buy)
|
$12.03
|
|
|
|
|
|
|
1/24/2012
|
1/22/2019
|
Common Stock
|
127500
|
|
127500
|
D
|
|
Stock Option (Right to Buy)
|
$12.76
|
|
|
|
|
|
|
1/20/2009
|
7/20/2016
|
Common Stock
|
75000
|
|
75000
|
D
|
|
Stock Option (Right to Buy)
|
$13.12
|
|
|
|
|
|
|
1/29/2013
|
1/18/2020
|
Common Stock
|
75000
|
|
75000
|
D
|
|
Stock Option (Right to Buy)
|
$13.78
|
|
|
|
|
|
|
1/26/2010
|
1/25/2017
|
Common Stock
|
67500
|
|
67500
|
D
|
|
Deferred Stock Units
|
$0
(2)
|
|
|
|
|
|
|
(2)
|
(2)
|
Common Stock
|
65300
|
|
65300
|
D
|
|
Stock Option (Right to Buy)
|
$9.50
|
|
|
|
|
|
|
4/28/2014
|
3/14/2021
|
Common Stock
|
51500
|
|
51500
|
D
|
|
Phantom Stock Units
|
$0
(4)
|
|
|
|
|
|
|
(4)
|
(4)
|
Common Stock
|
33775
|
|
33775
|
D
|
|
Deferred Stock Units
|
$0
(3)
|
|
|
|
|
|
|
(3)
|
(3)
|
Common Stock
|
19000
|
|
19000
|
D
|
|
Explanation of Responses:
|
(
1)
|
Shares are held in the reporting person's account in the Hudson City Savings Bank Profit Incentive Bonus Plan.
|
(
2)
|
Represents the number of shares issuable upon future settlement of Deferred Stock Units (DSUs) granted on June 18, 2013. These DSUs vest upon 1) the satisfaction of certain performance measures, as certified by the Company's Compensation Committee on January 28, 2014 and 2) continued service through a specified date. Accordingly, vesting occurred for 43,532 of these DSUs as the service condition was met by continued service through January 1, 2014 and January 1, 2015. The remainder of these DSUs will vest on January 1, 2016, assuming continued employment through this date. 40,813 of these DSUs will be settled on June 18, 2016, and the remainder of these DSUs will be settled on June 18, 2019. Accelerated settlement of vested DSUs may occur in the event of death or disability. Accelerated vesting and settlement may occur in connection with a change in control.
|
(
3)
|
Represents the number of shares issuable upon future settlement of Deferred Stock Units granted on March 15, 2011. These DSUs vested on April 28, 2014 due to 1) the satisfaction of certain performance measures as certified by the Company's Compensation Committee on April 28, 2014 and 2) continued service through March 15, 2014. These DSUs will be settled on March 15, 2017. Accelerated settlement of vested DSUs may occur in the event of death or disability, or in connection with a change in control.
|
(
4)
|
The reporting person is due, upon retirement, the equivalent dollar value of 33,775 shares of HCBK common stock as of December 31, 2013 through the Supplemental ESOP Benefit under the Benefit Maintenance Plan of Hudson City Savings Bank.
|
(
5)
|
The figure in columns 5 and 7 represents the number of shares issuable upon future settlement of Variable Deferred Stock Units granted on March 30, 2012 based on the Company's total shareholder return relative to peers for the period beginning January 1, 2012 and ending December 31, 2014, as certified by the Company's Compensation Committee on January 27, 2015. Previously, 11,413 shares became issuable under these awards based on the Company's return on equity for 2012, as certified by the Company's Compensation Committee on January 29, 2013. All such Variable Deferred Stock Units will vest and settle on March 30, 2015 assuming continued employment through such date. Pro-rated, accelerated vesting may occur in the event of death, disability or retirement. Accelerated settlement of vested DSUs may occur in the event of death or disability. Accelerated vesting and settlement may occur in connection with a change in control.
|
(
6)
|
Represents the number of shares issuable upon future settlement of Deferred Stock Units (DSUs) granted on March 29, 2014. These DSUs vest upon 1) the satisfaction of certain performance measures, as certified by the Company's Compensation Committee on January 27, 2015 and 2) continued service through a specified date. Accordingly, vesting occurred for 17,133 of these DSUs as the service condition was met by continued service through January 1, 2015. An additional 17,133 of these DSUs will vest upon continued service through January 1, 2016. The remainder of these DSUs will vest on January 1, 2017, assuming continued employment through this date. 32,125 of these DSUs will be settled on March 29, 2017, and the remainder of these DSUs will be settled on March 29, 2020. Accelerated settlement of vested DSUs may occur in the event of death or disability. Accelerated vesting and settlement may occur in connection with a change in control.
|
(
7)
|
Represents the number of shares issuable upon future settlement of Deferred Stock Units (DSUs) granted on March 30, 2012. These DSUs vest upon 1) the satisfaction of certain performance measures, as certified by the Company's Compensation Committee on January 27, 2015 and 2) continued service through March 30, 2015. 18,942 of these DSUs will be settled on March 30, 2015, and the remainder will be settled on March 30, 2018. Pro-rated, accelerated vesting may occur in the event of death, disability or retirement. Accelerated settlement of vested DSUs may occur in the event of death or disability. Accelerated vesting and settlement may occur in connection with a change in control.
|
Remarks:
Performance Deferred Stock Unit award, on 1/27/15, for 20,600 shares of common stock which will vest on 1/1/16. Vesting is tied to satisfaction, by the vesting dates, and approval by the Company's Compensation Committee, of certain corporate performance measures specific to each award, and continuous service by the reporting person through such dates. Under applicable SEC regulations, these awards are reportable in Table II of Form 4 only if and when the performance conditions have been satisfied.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
KRANZ JAMES C
WEST 80 CENTURY ROAD
PARAMUS, NJ 07652
|
|
|
Executive Vice President
|
|
Signatures
|
Veronica A. Olszewski, Attorney-in-fact
|
|
1/29/2015
|
**
Signature of Reporting Person
|
Date
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
|
*
|
If the form is filed by more than one reporting person,
see
Instruction 4(b)(v).
|
**
|
Intentional misstatements or omissions of facts constitute Federal Criminal Violations.
See
18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
|
Note:
|
File three copies of this Form, one of which must be manually signed. If space is insufficient,
see
Instruction 6 for procedure.
|
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.
|
Hudson City Bancorp (NASDAQ:HCBK)
Historical Stock Chart
From Oct 2024 to Nov 2024
Hudson City Bancorp (NASDAQ:HCBK)
Historical Stock Chart
From Nov 2023 to Nov 2024