XNAS:HCBK Hudson City Bancorp Inc Insider Activity 4 Filing - 7/27/2012

Effective Date 7/27/2012

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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

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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(Print or Type Responses)
1. Name and Address of Reporting Person *
SALAMONE DENIS J
  2. Issuer Name and Ticker or Trading Symbol
HUDSON CITY BANCORP INC [HCBK]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Acting Chairman & CEO
(Last)
(First)
(Middle)
WEST 80 CENTURY ROAD
3. Date of Earliest Transaction (Month/Day/Year)
07/27/2012
(Street)

PARAMUS, NJ 07652
4. If Amendment, Date Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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/share               2,052,680 D  
Common Stock, par value $0.01/share               57,938 I By ESOP
Common Stock, par value $0.01/share               29,611 I By GRAT(1)
Common Stock, par value $0.01/share               14,494 I By PIB(2)
Common Stock, par value $0.01/share               6,412 I By IRA

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)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Phantom Stock Units $ 0 (4) 07/27/2012   A   2,907     (4)   (4) Common Stock 2,907 $6.02 17,211 D  
Stock Option (Right to Buy) $12.76             07/21/2009 07/20/2016 Common Stock 750,000   750,000 D  
Stock Option (Right to Buy) $15.69             01/25/2011 01/24/2018 Common Stock 375,000   375,000 D  
Stock Option (Right to Buy) $12.76             01/20/2009 07/20/2016 Common Stock 375,000   375,000 D  
Stock Option (Right to Buy) $13.78             01/26/2010 01/25/2017 Common Stock 337,500   337,500 D  
Stock Option (Right to Buy) $12.22             01/13/2006 02/18/2014 Common Stock 312,417   312,417 D  
Stock Option (Right to Buy) $12.03             01/24/2012 01/22/2019 Common Stock 300,000   300,000 D  
Phantom Stock Units $ 0 (3)               (3)   (3) Common Stock 118,879   118,879 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
SALAMONE DENIS J
WEST 80 CENTURY ROAD
PARAMUS, NJ 07652
  X     Acting Chairman & CEO  

Signatures

 Veronica A. Olszewski, Attorney-in-fact   07/30/2012
** Signature of Reporting Person Date

Explanation of Responses:

* 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 shares reported are held in a grantor retained annuity trust that was established for the benefit of the reporting person's children. The reporting person is the grantor and the reporting person and his children serve as trustees.
(2) Shares are held in the reporting person's account in the Hudson City Savings Bank Profit Incentive Bonus Plan.
(3) The reporting person is due upon retirement the equivalent dollar value of 118,879 shares of HCBK common stock as of December 31, 2011 through the Hudson City Savings Bank ESOP Restoration Plan.
(4) Phantom Stock acquired by the reporting person under the Hudson City Savings Bank Supplementary Savings Plan and the Hudson City Bancorp, Inc. Officers' Deferred Compensation Plan. The reporting person has elected that the funds accumulated in such Plans be distributed to the reporting person only in shares of Hudson City Bancorp, Inc. Common Stock and would be distributable only on or about January 1st of the calendar year following the calendar year in which the reporting person terminates all service with Hudson City Bancorp, Inc. and its affiliated companies, unless another date of payment is provided under the terms of the Plans.
 
Remarks:
Performance Deferred Stock Unit award, on 3/30/12, for 160,061 shares of common stock which will vest on 3/30/15. Variable Performance Deferred Stock Unit award, on 3/30/12, for 154,658 shares of common stock which will vest on 3/30/15. Performance Stock Option grant, on 3/15/11, to purchase 195,100 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  143,900 shares of common stock which will vest on 3/15/14. Performance Stock Option grant, on 1/19/10,  to purchase 375,000 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 option grants and awards are reportable in Table II of Form 4 only if and when the performance conditions have been satisfied.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.

XNAS:HCBK Hudson City Bancorp Inc Insider Activity 4 Filling

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XNAS:HCBK Hudson City Bancorp Inc Insider Activity 4 Filing - 7/27/2012
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