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Form 4 HUDSON CITY BANCORP INC For: Jan 27 Filed by: Golding Cornelius E

January 29, 2015 4:12 PM EST
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
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 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person *
Golding Cornelius E
(Last) (First) (Middle)
WEST 80 CENTURY ROAD
(Street)
PARAMUS NJ 07652
(City) (State) (Zip)
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
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
01/27/2015
4. If Amendment, Date of 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
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 per share               20,000 I By IRA
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 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: 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 Units $ 0 (6) 01/27/2015   A   8,109     (6)   (6) Common Stock 8,109 $ 0 8,109 D  
Stock Option (Right to Buy) $ 12.1             07/23/2011 07/22/2020 Common Stock 37,500   37,500 D  
Stock Option (Right to Buy) $ 9.5             04/25/2012 04/24/2021 Common Stock 22,917   22,917 D  
Deferred Stock Units $ 0 (1)               (1)   (1) Common Stock 20,661   20,661 D  
Deferred Stock Units $ 0 (3)               (3)   (3) Common Stock 10,761   10,761 D  
Deferred Stock Units $ 0 (5)               (5)   (5) Common Stock 7,693   7,693 D  
Deferred Stock Units $ 0 (4)               (4)   (4) Common Stock 7,677   7,677 D  
Deferred Stock Units $ 0 (2)               (2)   (2) Common Stock 5,790   5,790 D  
Explanation of Responses:
1. Award on July 23, 2010 pursuant to the Hudson City Bancorp, Inc. 2006 Stock Incentive Plan. 6,887 units vested on each of July 23, 2011, 2012 and 2013 and will be converted to and settled in an equal number of shares of the issuer's common stock on the first day of the calendar month following the sixth month anniversary of termination of service as a director. The reporting person has also been granted dividend equivalent rights, for both vested and unvested units, payable in cash if, as and when dividends are declared and paid on common stock.
2. Award on April 25, 2011, pursuant to the Hudson City Bancorp, Inc. 2011 Stock Incentive Plan (the "Plan"). The units vested on April 25, 2012 and will be converted to and settled in an equal number of shares of the issuer's common stock on the first day of the calendar month following the sixth month anniversary of termination of service as a director. The reporting person has also been granted dividend equivalent rights, for both vested and unvested units, payable in cash if, as and when dividends are declared and paid on common stock.
3. Award on April 25, 2012, pursuant to the Plan. The units vested on April 25, 2013 and will be converted to and settled in an equal number of shares of the issuer's common stock on the first day of the calendar month following the sixth month anniversary of termination of service as a director. The reporting person has also been granted dividend equivalent rights, for both vested and unvested units, payable in cash if, as and when dividends are declared and paid on common stock.
4. Award on August 2, 2013, pursuant to the Plan. The units vested on April 1, 2014 based on continued service through such date and will be converted to and settled in an equal number of shares of the issuer's common stock on the first day of the calendar month following the sixth month anniversary of termination of service as a director. The reporting person has been granted dividend equivalent rights on vested units, payable in cash if, as and when dividends are declared and paid on common stock.
5. Award on March 25, 2014, pursuant to the Plan. The units will vest on April 1, 2015 based on continued service through such date. Vested units will be converted to and settled in an equal number of shares of the issuer's common stock on the first day of the calendar month following the sixth month anniversary of termination of service as a director. The reporting person has been granted dividend equivalent rights on vested units, payable in cash if, as and when dividends are declared and paid on common stock. If the Merger with M&T Bank Corporation closes before April 1, 2015, a portion of the award will vest. This portion will be calculated based on the quotient of the number of days elapsed between (and including) April 1, 2014 and the Merger closing date divided by 365 and rounded up to the nearest whole unit.
6. Award on January 27, 2015, pursuant to the Plan. The units will vest on January 1, 2016 based on continued service through such date. Vested units will be converted to and settled in an equal number of shares of the issuer's common stock on the first day of the calendar month following the sixth month anniversary of termination of service as a director. The reporting person has been granted dividend equivalent rights on vested units, payable in cash if, as and when dividends are declared and paid on common stock. If the Merger with M&T Bank Corporation closes before January 1, 2016, a portion of the award will vest. This portion will be calculated based on the quotient of the number of days elapsed between (and including) January 1, 2015 and the Merger closing date divided by 365 and rounded up to the nearest whole unit.
Veronica A. Olszewski, Attorney-in-Fact 01/29/2015
** 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 Number.

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