Hudson City Bancorp's Executive Vice President just picked up 12,030 shares


Tracey A Dedrick, Hudson City Bancorp's Executive Vice President, recently acquired 12,030 shares of the company. The buys took place at prices ranging from $0.00 to $9.76 per share, on July 22, 2014. Dedrick now owns 21,324 shares of the company. Dedrick operates out of Paramus, NJ. Some additional info was provided as follows:

Issued on settlement of Deferred Stock Unit Awards granted on July 22, 2011. Represents shares withheld at the direction of the Company's Compensation Committee to satisfy payroll tax withholding obligations with respect to the settlement of DSU awards. The shares are held in the reporting person's account in the Hudson City Savings Bank Profit Incentive Bonus Plan. Represents the number of shares issuable upon future settlement of Deferred S tock Units (DSUs) granted on June 18, 2013 based on satisfaction of certain corporate performance measures, as certified by the Company's Compensation Committee on April 28, 2014. Service conditions on 17,266 of these DSUs were met on January 1, 2014. An additional 17,266 of these DSUs will vest on January 1, 2015 and the remainder will vest on January 1, 2016, assuming continued employment through such dates. 32,374 of these DSUs will be settled on June 18, 2016, and the remainder will be settled on June 18, 2019. Accelerated settlement of vested DSUs may occur in the event of death or disability. Pro-rated, accelerated vesting and settlement may occur in the event of discharge without cause or resignation with good reason following a change in control. Represents the settlement of a portion of the Deferred Stock Unit Awards granted on July 22, 2011. Represents the number of shares issuable upon future settlement of Deferred Stock Units granted on July 22, 2011. These DSUs vested on July 22, 2014 due to 1) the satisfaction of certain performance measures as certified by the Compensation Committee of the Board of Directors on April 28, 2014 and 2) continued service through July 22, 2014. These DSUs will be settled on July 22, 2017. Accelerated settlement of vested DSUs may occur in the event of death or disability, or in connection with a change in control. Represents the number of shares issuable upon future settlement of Variable Deferred Stock Units granted on March 30, 2012 based on the Company's return on equity for 2012, as certified by the Compensation Committee of the Board of Directors on January 29, 2013. Such Variable Deferred Stock Units will vest and settle on March 30, 2015 assuming continued employment through such date. Pro-rated, accelerated vesting and settlement may occur in the event of death, disability, retirement. Accelerated vesting and settlement may also occur in the event of discharge without cause or resignation with good reason following a change in control. The reporting person is due, upon retirement, the equivalent dollar value of 2,264 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.

The above information was disclosed in a filing to the SEC. To see this filing in its entirety, click here. Hudson City Bancorp next reports earnings on July 28, 2014.

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Other recent filings from the company include the following:

Prospectuses and communications, business combinations - Dec. 9, 2014
Hudson City Bancorp, Inc. And M&T Bank Corporation Announce Further Extension Of Time To Complete Proposed Merger To April 30, 2015 - Dec. 9, 2014
Prospectuses and communications, business combinations - Dec. 9, 2014
Hudson City Bancorp's Chairman and CEO just declared owning 2,219,207 shares of Hudson City Bancorp - Dec. 1, 2014

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