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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES 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(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| 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. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction 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 (Month/Day/Year) |
7. Title and Amount of Underlying Securities (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) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Phantom Stock Units | $ 0 (3) | 04/27/2012 | A | 23,743 | (3) | (3) | Common Stock | 23,743 | $ 7.16 | 310,352 | D | ||||
| Phantom Stock Units | $ 0 (2) | 12/31/2011 | A | V | 26,767 | (2) | (2) | Common Stock | 26,767 | $ 0 | 269,143 | D | |||
| Stock Option (Right to Buy) | $ 15.69 | 01/25/2011 | 01/24/2018 | Common Stock | 1,250,000 | 1,250,000 | D | ||||||||
| Stock Option (Right to Buy) | $ 12.76 | 01/20/2009 | 07/20/2016 | Common Stock | 1,250,000 | 1,250,000 | D | ||||||||
| Stock Option (Right to Buy) | $ 13.78 | 01/26/2010 | 01/25/2017 | Common Stock | 1,125,000 | 1,125,000 | D | ||||||||
| Stock Option (Right to Buy) | $ 12.76 | 07/21/2009 | 07/20/2016 | Common Stock | 1,000,000 | 1,000,000 | D | ||||||||
| Stock Option (Right to Buy) | $ 12.03 | 01/24/2012 | 01/22/2019 | Common Stock | 750,000 | 750,000 | D | ||||||||
| Stock Option (Right to Buy) | $ 12.22 | 01/13/2006 | 02/18/2014 | Common Stock | 566,651 | 566,651 | D | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| HERMANCE RONALD E JR WEST 80 CENTURY ROAD PARAMUS, NJ 07652 |
X | Chairman & CEO | ||
| Veronica A. Olszewski, Attorney-in-fact | 05/01/2012 | |
| **Signature of Reporting Person | Date |
| * | 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). |
| (1) | The reporting person holds the shares through the Hudson City Savings Bank's Profit Incentive Bonus Plan. |
| (2) | The reporting person is due, upon retirement, the equivalent dollar value of 269,143 shares at December 31, 2011 through the Hudson City Savings Bank ESOP Restoration Plan. |
| (3) | Phantom Stock acquired pursuant to prior election under the Hudson City Savings Bank Supplementary Savings Plan and the Hudson City Bancorp, Inc. Officers' Deferred Compensation Plan, payable only in shares of Hudson City Bancorp, Inc. common stock at a specified date after the reporting person terminates all services with Hudson City and its affiliated companies, unless another date of payment is provided under the terms of the Plans. |
| Remarks: Performance Stock Option grant, on 3/15/11, to purchase 437,500 shares of common stock at $9.50 per share. These options have a 10-yr term ending 3/14/21 and become exercisable on 3/15/14. Performance Deferred Stock Unit award, on 3/15/11, for 322,600 shares of common stock which will vest on 3/15/14. Performance Stock Option grant, on 1/19/10, to purchase 1,250,000 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. Terms may end earlier than 10 years in certain circumstances. Vesting is tied to satisfaction, by exercisable dates, and approval by the Company's Compensation Committee, of certain corporate performance measures specific to each grant and award, and continuous service by the reporting person through such dates. Under applicable SEC regulations, these grants and awards are reportable in Table II of Form 4 only if and when the performance conditions have been satisfied. | |