##### Table of Contents



UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
 Washington, D.C. 20549
 FORM 10-K/A
 (Amendment No. 1)
 þ
    
    ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934
 For the Fiscal Year Ended December 31, 2009
 or
 o
    
    TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
1934
 For the Transition Period From  To
 Commission File Number: 000-30421
 HANMI FINANCIAL CORPORATION
 (Exact Name of Registrant as Specified in its Charter)
 Delaware
    
    95-4788120(State or Other Jurisdiction of Incorporation or Organization)
    
    (I.R.S. Employer Identification No.)3660 Wilshire Boulevard, Penthouse Suite ALos Angeles, California
    
    90010(Address of Principal Executive Offices)
    
    (Zip Code)
 (213) 382-2200  (Registrants Telephone Number, Including Area Code)
  Title of Each Class
    
    Name of Each Exchange on Which RegisteredCommon Stock, $0.001 Par Value
    
    NASDAQ Global Select Market
  None  (Title of Class)
 o þ
 o þ
 þ o
 o o
 o
  Large Accelerated Filer o
    
    Accelerated Filer þ
    
    Non-Accelerated Filer o
    
    Smaller Reporting Company o(Do Not Check if a Smaller Reporting Company)
 o þ
   Documents Incorporated By Reference Herein:




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Explanatory Statement to Form 10-K Amendment




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##### 



HANMI FINANCIAL CORPORATION
 ANNUAL REPORT ON FORM 10-K/A FOR THE FISCAL YEAR ENDED DECEMBER 31, 2009
 TABLE OF CONTENTS
 PagePART IIIItem 10. Directors, Executive Officers and Corporate Governance
    
    
    3Item 11. Executive Compensation
    
    
    9Item 12. Security Ownership of Certain Beneficial Owners and Management and Related
Stockholder Matters
    
    
    22Item 13. Certain Relationships and Related Transactions, and Director Independence
    
    
    24Item 14. Principal Accounting Fees and Services
    
    
    25PART IVItem 15. Exhibits, Financial Statement Schedules
    
    
    26SignaturesEX-31.1EX-31.2




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PART III
 
 ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE
 Board of Directors
     Name and Position
    
    Age
    
    Principal Occupation for Past Five Years and 10 Year Legal ProceedingI Joon Ahn,Director
    
    
    70
    
    
    Principal Occupation:
    
    Retired; President, Aces Fashion Company, a garment
manufacturing company (1973 to 2001); Founder of Hanmi Bank and Hanmi Financial;
former Chairman of the Boards, Hanmi Financial and Hanmi Bank; former member of the
Korean American Chamber of Commerce and the Southern California International Trade
FederationDirector Since:
    
    1982John A. Hall,
Director
    
    
    60
    
    
    Principal Occupation:
    
    Retired; National Bank Examiner, Office of the Comptroller of
the Currency, a division of the U.S. Treasury Department (1974 to 2005)Director Since:
    
    February 2009Paul Seon-Hong Kim,Director
    
    
    65
    
    
    Principal Occupation:
    
    Retired; Chief Executive Officer, Uniti Financial Corporation
(2007 to 2008); President and Chief Executive Officer, Center Financial Corporation
(1998 to 2007); served in various capacities, including Chief Marketing Officer,
Chief Credit Officer, and Chief Financial Officer, Hanmi Financial (1986 to 1998)Director Since:
    
    February 2009Joon Hyung Lee,Director
    
    
    66
    
    
    Principal Occupation:
    
    President, Root-3 Corporation, a property management, real
estate investment, and development company (1983 to present); former Chairman of
the Boards, Hanmi Financial and Hanmi Bank; former President of Byucksan America,
Inc.; former President of Uniko Trading Co.; former Vice President of Nait
Corporation; former Assistant Professor of Business Administration at Sung Kyun
Kwan University in Korea; Master of Business Administration from New York
UniversityDirector Since:
    
    1989William Stolte,Director
    
    
    63
    
    
    Principal Occupation:
    
    Retired; Senior Executive Vice President, Union Bank of
California in San Francisco (2000 to 2008); Director, Deloitte & Touche, LLP (1995
to 2000);
 3




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Name and Position
    
    Age
    
    Principal Occupation for Past Five Years and 10 Year Legal ProceedingPartner, The Secura Group (1992 to 1995); served in various capacities,
including Deputy Comptroller of the Currency, Chief National Bank Examiner, Deputy
Director Multinational & Regional Bank Supervision, National Bank Examiner, Office
of the Comptroller of the Currency (1968-1992)Director Since:
    
    April 2009Joseph K. Rho,
Chairman of the Board
    
    
    69
    
    
    Principal Occupation:
    
    Principal, J & S Investment (2002 to present); former
Partner, Korea Plaza LP (1987 to 2002); former and current Chairman of the Boards,
Hanmi Financial and Hanmi Bank; former Chief of Parish for St. Agnes Cathedral;
former Board Member of Finance Counsel of the Los Angeles Archdiocese; former
Trustee of John of God Hospital; and former President and Owner of Joseph K. Rho
Insurance AgencyDirector Since:
    
    1984Jay S. Yoo,
Director
    
    
    63
    
    
    Principal Occupation:
    
    President and Chief Executive Officer, Hanmi Financial (June
2008 to present); President and Chief Executive Officer, Woori America Bank, a
subsidiary of Woori Bank (2001 to 2007); former Chairman of the Board of Woori
America Bank.Director Since:
    
    June 2008
 Executive Officers
 Name and Position
    
    Age
    
    Principal Occupation for Past Five YearsJay S. Yoo,
President and
Chief Executive
Officer
    
    
    63
    
    
    Current Position:Previous Positions:
    
    President and Chief Executive Officer, Hanmi Financial and
Hanmi Bank (June 2008 to present)
Chairman, President, and Chief Executive Officer, Woori
America Bank, a subsidiary of Woori Bank (2001 to 2007)Brian E. Cho,
Executive Vice
President
and Chief Financial
Officer
    
    
    50
    
    
    Current Position:Previous Positions:
    
    Executive Vice President and Chief Financial Officer,
Hanmi Financial and Hanmi Bank (December 2007 to present)
Executive Vice President and Chief Financial Officer,
Wilshire Bancorp, Inc. (1992 to 2007)John Park,
Formal Executive
Vice President and
Chief Credit Officer
    
    
    57
    
    
    Hanmi Bank:Previous Positions:
    
    Executive Vice President and Chief Credit Officer, Hanmi Bank
(September 2008 to October 2009)
Senior Vice President and Chief Credit Officer, Gateway
Business Bank (2004 to 2008); Senior Vice President and Corporate Secretary,
Hana Financial Inc. (1998 to 2004); Senior Vice President and Chief Credit
Officer, First State Bank of Southern California (1997 to 1998); Senior Vice
President, California Center Bank (1992 to 1997); Examiner, California State
Banking Department (1976 to 1981)Jung Hak Son,
Senior Vice President
and Interim Chief
Credit Officer
    
    
    51
    
    
    Current Position:Previous Positions:
    
    Senior Vice President and Interim Chief Credit Officer,
Hanmi Bank (October 2009 to present)
Senior Vice President and District Leader of various
districts, Hanmi Bank (2006  2009)
 4




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CORPORATE GOVERNANCE PRINCIPLES AND BOARD MATTERS
 www.hanmi.com
 The Board of Directors and Its Committees
    www.hanmi.com
 Audit Committee
 Report of the Audit Committee of the
Board of Directors
 5




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REPORT OF THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS
     Internal Control-Integrated Framework
    
 6




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##### Table of Contents



Planning Committee
  Nominating and Corporate Governance and Compensation Committee
       
    
    The name, age, and address of each proposed Director nominee;
    
    The principal occupation of each proposed nominee;
    
    The number of shares of voting stock of Hanmi Financial owned by each proposed nominee;
    
    The name and address of the nominating stockholder;
    
    The number of shares of voting stock of Hanmi Financial owned by the nominating
stockholder; and
 7




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
    
    A letter from the proposed nominee indicating that such proposed nominee wishes to be
considered as a nominee for the Board of Directors and will serve as a Director if elected.
  
    
    Nominees must possess high personal and professional ethics, integrity, and values, and
be committed to representing the long-term interests of Hanmi Financials stockholders;
    
    Nominees must have an inquisitive and objective perspective, practical wisdom, and
mature judgment;
    
    Nominees must possess a broad range of skills, expertise, industry knowledge, and
contacts useful to Hanmi Financials business;
    
    Nominees must be willing to devote sufficient time to carrying out their duties and
responsibilities effectively, and should be committed to serve on the Board of Directors
for an extended period of time;
    
    Pursuant to the Corporate Governance Guidelines, nominees, once elected, should not
serve on the boards of directors of more than two other public companies and, unless
granted an exception by Hanmi Financials Board of Directors, nominees cannot serve
simultaneously as a Director of Hanmi Financial and as a director or officer of any other
depository organization other than a subsidiary bank of Hanmi Financial; and
    
    Pursuant to the Corporate Governance Guidelines, nominees are encouraged to own shares
of common stock of Hanmi Financial at a level that demonstrates a meaningful commitment to
Hanmi Bank and Hanmi Financial, and to better align the nominees interests with the
stockholders of Hanmi Financial.
   The NCGC Committee Report.
 Leadership Structure
  Risk Oversight
  8




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Section 16(a) Beneficial Ownership Reporting Compliance
  
 ITEM 11. EXECUTIVE COMPENSATION
 Compensation Discussion and Analysis
 Overview
  Compensation Philosophy and Objectives
  Methodology for Establishing Compensation
   9




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
    
    Cathay Bancorp, Los Angeles, California
    
    Center Bank, Los Angeles, California
    
    First Regional Bancorp, Los Angeles, California
    
    Nara Bank, Los Angeles, California
    
    Wilshire State Bank, Los Angeles, California
  th th
  Elements of the Compensation Program
   Annual Base Salary
  Short-Term Cash Incentive Compensation
  10




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Long-Term Incentive Awards
    Deferred Compensation
   11




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##### Table of Contents



Executive Perquisites
 .
 Broad-Based Benefits Programs
  Change in Control Arrangements
  Compensation Policy Risk Assessment
   Named Executive Officers Compensation
  Employment Agreement with Chief Executive Officer, Jay S. Yoo
   12




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Compensation for Chief Financial Officer, Brian Cho
   Compensation for Chief Credit Officer, John Park
    Compensation for Interim Chief Credit Officer, Jung Hak Son
   Administrative Policies and Practices
  Stock Ownership Guidelines
 13




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Tax Deductibility of Executive Officer Compensation
  Compensation Committee Report
 The following Compensation Committee Report should not be deemed filed or incorporated by
reference into any other document, including Hanmi Financials filings under the Securities Act of
1933 or the Securities Exchange Act of 1934, except to the extent the Company specifically
incorporates this Report into any such filing by reference.
    The NCGC Committee Report
   
 Summary Compensation Table
  14




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##### Table of Contents



SUMMARY COMPENSATION TABLEChange inPensionValue andNon-QualifiedStock
    
    
    Option
    
    
    Non-Equity
    
    
    Deferred
    
    
    All OtherSalary
    
    
    Bonus
    
    
    Awards
    
    
    Awards
    
    
    Incentive Plan
    
    
    Compensation
    
    
    CompensationName and
    
    
    
    
    
    (1)
    
    
    (1) (5)
    
    
    (2) (3)
    
    
    (2) (4)
    
    
    Compensation
    
    
    Earnings
    
    
    (1)
    
    
    TotalPrincipal Position
    
    Year
    
    
    ($)
    
    
    ($)
    
    
    ($)
    
    
    ($)
    
    
    ($)
    
    
    ($)
    
    
    ($)
    
    
    ($)(a)
    
    (b)
    
    
    (c)
    
    
    (d)
    
    
    (e)
    
    
    (f)
    
    
    (g)
    
    
    (h)
    
    
    (i)
    
    
    (j)Jay S. Yoo,
President, Chief
    
    
    2009
    
    
    $
    326,192
    
    
    $
    
    
    
    $
    4,050
    
    
    $
    48,425
    
    
    $
    
    
    
    $
    
    
    
    $
    63,668
    (6)
    
    $
    442,335Executive
Officer and Director
    
    
    2008
    
    
    $
    172,404
    
    
    $
    
    
    
    $
    
    
    
    $
    25,556
    
    
    $
    
    
    
    $
    
    
    
    $
    49,722
    (6)
    
    $
    247,682Brian E.
Cho, Executive Vice
    
    
    2009
    
    
    $
    266,885
    
    
    $
    
    
    
    $
    12,558
    
    
    $
    16,476
    
    
    $
    
    
    
    $
    
    
    
    $
    36,522
    (7)
    
    $
    332,441President
and Chief Financial
    
    
    2008
    
    
    $
    270,000
    
    
    $
    
    
    
    $
    9,520
    
    
    $
    15,091
    
    
    $
    
    
    
    $
    
    
    
    $
    35,239
    (7)
    
    $
    329,850Officer
    
    
    2007
    
    
    $
    22,500
    
    
    $
    100,000
    
    
    $
    793
    
    
    $
    1,258
    
    
    $
    
    
    
    $
    
    
    
    $
    878
    (7)
    
    $
    125,429Jung Hak
Son, Senior Vice
    
    
    2009
    
    
    $
    173,385
    
    
    $
    
    
    
    $
    12,295
    
    
    $
    29,502
    
    
    $
    
    
    
    $
    
    
    
    $
    36,169
    (8)
    
    $
    251,351President and
Chief Credit OfficerJohn Park,
Former Executive
    
    
    2009
    
    
    $
    175,544
    
    
    $
    
    
    
    $
    3,433
    
    
    $
    7,785
    
    
    $
    
    
    
    $
    
    
    
    $
    28,673
    (9)
    
    $
    215,435Vice President and Chief Credit
Officer
(10)
    
    
    2008
    
    
    $
    70,000
    
    
    $
    
    
    
    $
    1,717
    
    
    $
    3,892
    
    
    $
    
    
    
    $
    
    
    
    $
    6,448
    (9)
    
    $
    82,057
 
 (1)
    
    All cash compensation and perquisites paid to the Named Executive Officers are
paid by, and are the responsibility of, Hanmi Financials subsidiary, Hanmi Bank.(2)
    
    All equity awards are made by Hanmi Financial, are for shares of Hanmi Financials
common stock, and are made pursuant to the 2007 Equity Compensation Plan (the 2007 Plan).(3)
    
    Pursuant to new SEC regulations regarding the valuation of equity awards, amounts in
columns (e) represent the applicable full grant date fair values of stock awards in accordance
with FASB ASC Topic 718, excluding the effect for forfeitures. To facilitate year-to-year
comparisons, the SEC regulations require companies to present recalculated disclosures for
each preceding year required under the rules so that equity awards and stock options reflect
the applicable full grant date fair values, excluding the effect of forfeitures. The total
compensation column is recalculated accordingly. For further information, see Note 13 to
Hanmi Financials audited financial statements for the year ended December 31, 2009 included
in Hanmi Financials Annual Report on Form 10-K filed with the SEC on March 15, 2010.(4)
    
    Pursuant to new SEC regulations regarding the valuation of equity awards, amounts in
columns (F) represent the applicable full grant date fair values of option awards in
accordance with FASB ASC Topic 718, excluding the effect for forfeitures. To facilitate
year-to-year comparisons, the SEC regulations require companies to present recalculated
disclosures for each preceding year required under the rules so that equity awards and stock
options reflect the applicable full grant date fair values, excluding the effect of
forfeitures. The total compensation column is recalculated accordingly. For further
information, see Note 13 to Hanmi Financials audited financial statements for the year ended
December 31, 2009 included in Hanmi Financials Annual Report on Form 10-K filed with the SEC
on March 15, 2010.(5)
    
    The amounts in column (d) reflect the discretionary bonuses paid to the Named
Executive Officers for services performed in the prior year. Amounts shown are not reduced to
reflect the Named Executive Officers elections, if any, to defer receipt of awards into the
DCP.(6)
    
    Amounts consist of: a) life insurance premiums ($392 for 2009; $199 for 2008); b)
company automobile ($26,936 for 2009; $3,967 for 2008); c) health insurance premiums ($11,178
for 2009; $7,613 for 2008); d) employer contributions under the 401(k) plan ($12,375 for 2009;
$9,900 for 2008); e) club memberships ($8,110 for 2009; $27,454 for 2008); and f) other
perquisites ($4,677 for 2009; $589 for 2008) such as cellular phone allowance, gasoline card,
meal allowance and Holiday gift cards.(7)
    
    Amounts consist of: a) life insurance premiums ($392 for 2009; $398 for 2008, $0
for 2007); b) automobile allowance ($8,303 for 2009; $8,400 for 2008, $700 for 2007); c)
health insurance premiums ($10,157 for 2009; $11,830 for 2008, $0 for 2007); d) employer
contributions under the 401(k) plan ($12,375 for 2009; $11,625 for 2008, $0 for 2007); and e)
other perquisites ($5,295 for 2009; $2,236 for 2008, $178 for 2007) such as cellular phone
allowance, gasoline card, meal allowance and Holiday gift cards.(8)
    
    Amounts consist of: a) life insurance premiums ($370 for 2009); b) automobile
allowance ($8,303 for 2009); c) health insurance premiums ($10,157 for 2009); d) employer
contributions under the 401(k) plan ($10,403 for 2009); and e) other perquisites ($6,936 for
2009) such as cellular phone allowance, gasoline card, meal allowance and Holiday gift cards.(9)
    
    Amounts consist of: a) life insurance premiums ($327 for 2009; $99 for 2008); b)
automobile allowance ($6,591 for 2009; $2,800 for 2008); c) health insurance premiums ($8,480
for 2009; $2,743 for 2008); d) employer contributions under the 401(k) plan ($9,547 for 2009;
$394 for 2008); and e) other perquisites ($3,728 for 2009; $412 for 2008) such as cellular
phone allowance, gasoline card, meal allowance and Holiday gift cards.(10)
    
    Mr. Park passed away on October 14, 2009. Grants of Plan-Based Awards
 15




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Summary Compensation Table
 GRANTS OF PLAN-BASED AWARDSAll Other
    
    All OtherStock
    
    Option
    
    Exercise
    
    GrantEstimated Future Payouts
    
    Estimated Future Payouts
    
    Awards:
    
    Awards:
    
    or Base
    
    Date FairUnder Non-Equity
    
    Under Equity Incentive
    
    Number of
    
    Number of
    
    Price of
    
    Value ofIncentive Plan Awards(1)
    
    Plan Awards
    
    Shares of
    
    Securities
    
    Option
    
    Stock andGrant
    
    Threshold
    
    Target
    
    Maximum
    
    Threshold
    
    Target
    
    Maximum
    
    Stock or
    
    Underlying
    
    Awards(1)
    
    OptionName
    
    Date
    
    ($)
    
    ($)
    
    ($)
    
    (#)
    
    (#)
    
    (#)
    
    Units (#)
    
    Options (#)
    
    ($/Share)
    
    Awards(2)(a)
    
    (b)
    
    (c)
    
    (d)
    
    (e)
    
    (f)
    
    (g)
    
    (h)
    
    (i)
    
    (j)
    
    (k)
    
    (l)Jay S. Yoo
    
    
    04/08/09
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    50,000
    
    
    $
    1.35
    
    
    $
    30,76504/08/09
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    20,000
    
    
    
    
    
    
    
    
    
    
    $
    27,000Brian E. Cho
    
    
    04/08/09
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    15,000
    
    
    $
    1.35
    
    
    $
    9,23004/08/09
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    15,000
    
    
    
    
    
    
    
    
    
    
    $
    20,250Jung Hak Son
    
    
    04/08/09
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    10,000
    
    
    $
    1.35
    
    
    $
    6,15304/08/09
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    10,000
    
    
    
    
    
    
    
    
    
    
    $
    13,500John Park
    
    
    04/08/09
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    15,000
    
    
    $
    1.35
    
    
    $
    9,23004/08/09
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    15,000
    
    
    
    
    
    
    
    
    
    
    $
    20,250
 
 (1)
    
    Hanmi Financials practice is that the exercise price for each stock option is
the market value on the date of grant.(2)
    
    The amounts in column (l) reflect the grant date fair value computed in accordance
with FASB ASC Topic 718. Assumptions used in the calculation of these amounts for the fiscal
year ended December 31, 2009 are included in Note 12 to Hanmi Financials audited financial
statements for the fiscal year ended December 31, 2009, included in Hanmi Financials Annual
Report on Form 10-K filed with the SEC on March 15, 2010. 16




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Outstanding Equity Awards at Fiscal Year-End
     OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-ENDOption Awards
    
    Stock AwardsEquity
    
    EquityIncentive
    
    IncentiveEquity
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Plan
    
    PlanIncentive
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Awards:
    
    Awards:Plan
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Number of
    
    Market orNumber of
    
    Awards:
    
    
    
    
    
    
    
    
    
    
    
    
    
    Market
    
    Unearned
    
    Payout ValueNumber of
    
    Securities
    
    Number of
    
    
    
    
    
    
    
    
    
    Number of
    
    Value of
    
    Shares,
    
    of UnearnedSecurities
    
    Underlying
    
    Securities
    
    
    
    
    
    
    
    
    
    Shares or
    
    Shares or
    
    Units or
    
    Shares, UnitsUnderlying
    
    Unexercised
    
    Underlying
    
    
    
    
    
    
    
    
    
    Units of
    
    Units of
    
    Other
    
    or OtherUnexercised
    
    Options (#)
    
    Unexercised
    
    Option
    
    Option
    
    Stock That
    
    Stock That
    
    Rights That
    
    Rights ThatOptions (#)
    
    Unexercis-
    
    Unearned
    
    Exercise
    
    Expiration
    
    Have Not
    
    Have Not
    
    Have Not
    
    Have NotName
    
    Exercisable
    
    able
    
    Options (#)
    
    Price ($)
    
    Date
    
    Vested (#)
    
    Vested ($)
    
    Vested (#)
    
    Vested ($)(a)
    
    (b)
    
    (c)
    
    (d)
    
    (e)
    
    (f)
    
    (g)
    
    (h)
    
    (i)
    
    (j)Jay S. Yoo
    
    
    35,000
    (1)
    
    
    35,000
    (1)
    
    
    
    
    
    $
    5.66
    
    
    
    06/23/18
    
    
    
    
    
    
    $
    
    
    
    
    
    
    
    $
    
    
    
    
    50,000
    (2)
    
    
    
    
    
    $
    1.35
    
    
    
    04/08/19
    
    
    
    20,000
    (9)
    
    $
    24,000
    (14)
    
    
    
    
    
    $
    Brian E. Cho
    
    
    12,000
    (3)
    
    
    18,000
    (3)
    
    
    
    
    
    $
    9.52
    
    
    
    12/03/17
    
    
    
    3,000
    (10)
    
    $
    3,600
    (15)
    
    
    
    
    
    $
    
    
    
    
    15,000
    (4)
    
    
    
    
    
    $
    1.35
    
    
    
    04/08/19
    
    
    
    15,000
    (11)
    
    $
    18,000
    (16)
    
    
    
    
    
    $
    Jung Hak Son
    
    
    6,000
    (5)
    
    
    4,000
    (5)
    
    
    
    
    
    $
    18.00
    
    
    
    04/19/16
    
    
    
    
    
    
    $
    
    
    
    
    
    
    
    $
    6,000
    (6)
    
    
    4,000
    (6)
    
    
    
    
    
    $
    19.44
    
    
    
    06/30/16
    
    
    
    
    
    
    $
    
    
    
    
    
    
    
    $
    
 17




---



##### Table of Contents



OUTSTANDING EQUITY AWARDS AT FISCAL YEAR-ENDOption Awards
    
    Stock AwardsEquity
    
    EquityIncentive
    
    IncentiveEquity
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Plan
    
    PlanIncentive
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Awards:
    
    Awards:Plan
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    Number of
    
    Market orNumber of
    
    Awards:
    
    
    
    
    
    
    
    
    
    
    
    
    
    Market
    
    Unearned
    
    Payout ValueNumber of
    
    Securities
    
    Number of
    
    
    
    
    
    
    
    
    
    Number of
    
    Value of
    
    Shares,
    
    of UnearnedSecurities
    
    Underlying
    
    Securities
    
    
    
    
    
    
    
    
    
    Shares or
    
    Shares or
    
    Units or
    
    Shares, UnitsUnderlying
    
    Unexercised
    
    Underlying
    
    
    
    
    
    
    
    
    
    Units of
    
    Units of
    
    Other
    
    or OtherUnexercised
    
    Options (#)
    
    Unexercised
    
    Option
    
    Option
    
    Stock That
    
    Stock That
    
    Rights That
    
    Rights ThatOptions (#)
    
    Unexercis-
    
    Unearned
    
    Exercise
    
    Expiration
    
    Have Not
    
    Have Not
    
    Have Not
    
    Have NotName
    
    Exercisable
    
    able
    
    Options (#)
    
    Price ($)
    
    Date
    
    Vested (#)
    
    Vested ($)
    
    Vested (#)
    
    Vested ($)(a)
    
    (b)
    
    (c)
    
    (d)
    
    (e)
    
    (f)
    
    (g)
    
    (h)
    
    (i)
    
    (j)
    
    
    
    
    
    
    
    
    
    
    $
    
    
    
    
    
    
    
    
    1,800
    (12)
    
    $
    2,160
    (17)
    
    
    
    
    
    $
    
    
    
    
    10,000
    (7)
    
    
    
    
    
    $
    1.35
    
    
    
    04/08/19
    
    
    
    10,000
    (13)
    
    $
    12,000
    (18)
    
    
    
    
    
    $
    John Park
    
    
    6,000
    (8)
    
    
    
    (8)
    
    
    
    
    
    $
    5.15
    
    
    
    01/12/10
    
    
    
    
    
    
    $
    
    
    
    
    
    
    
    $
    
 
 (1)
    
    On June 23, 2008, pursuant to the 2007 Plan, 70,000 stock options were granted
to Jay S. Yoo with vesting as follows: 50 percent (50%) to vest on June 23, 2009 and 50
percent (50%) to vest on June 23, 2010.(2)
    
    On April 8, 2009, pursuant to the 2007 Plan, 50,000 stock options were granted to
Jay S. Yoo with vesting as follows: 20 percent (20%) to vest on April 8, 2010 and 20 percent
(20%) to vest on each of the next four anniversary dates.(3)
    
    On December 3, 2007, pursuant to the 2007 Plan, 30,000 stock options were granted to
Brian E. Cho with vesting as follows: 20 percent (20%) to vest on December 3, 2008 and 20
percent (20%) to vest on each of the next four anniversary dates.(4)
    
    On April 8, 2009, pursuant to the 2007 Plan, 15,000 stock options were granted to
Brian E. Cho with vesting as follows: 20 percent (20%) to vest on April 8, 2010 and 20
percent (20%) to vest on each of the next four anniversary dates.(5)
    
    On April 19, 2006, pursuant to the Year 2000 Stock Option Plan (2000 Plan), 10,000
stock options were granted to Jung Hak Son with vesting as follows: 20 percent (20%) to vest
on April 19, 2007 and 20 percent (20%) to vest on each of the next four anniversary dates.(6)
    
    On June 30, 2006, pursuant to the 2000 Plan, 10,000 stock options were granted to
Jung Hak Son with vesting as follows: 20 percent (20%) to vest on June 30, 2006 and 20
percent (20%) to vest on each of the next four anniversary dates.(7)
    
    On April 8, 2009, pursuant to the 2007 Plan, 15,000 stock options were granted to
Jung Hak Son with vesting as follows: 20 percent (20%) to vest on April 8, 2010 and 20
percent (20%) to vest on each of the next four anniversary dates.(8)
    
    On September 2, 2008, pursuant to the 2007 Plan, 30,000 stock options were granted
to John Park with vesting as follows: 20 percent (20%) to vest on September 2, 2009 and 20
percent (20%) to vest on each of the next four anniversary dates. Mr. Park passed away on
October 14, 2009. As of that date, 6,000 stock options were vested and still exercisable for a
period of 90 days, or January 12, 2010.(9)
    
    On April 8, 2009, pursuant to the 2007 Plan, 20,000 shares of restricted stock were
awarded to Jay S. Yoo with vesting as follows: 20 percent (20%) to vest on April 8, 2010 and
20 percent (20%) to vest on each of the next four anniversary dates.(10)
    
    On December 3, 2007, pursuant to the 2007 Plan, 5,000 shares of restricted stock
were awarded to Brian E. Cho with vesting as follows: 20 percent (20%) to vest on December 3,
2008 and 20 percent (20%) to vest on each of the next four anniversary dates. 3,000 shares
remain unvested after 20% (1,000 shares) vested on December 3, 2009 and 20% (1,000 shares)
vested on December 3, 2008.(11)
    
    On April 8, 2009, pursuant to the 2007 Plan, 15,000 shares of restricted stock were
awarded to Brian E. Cho with vesting as follows: 20 percent (20%) to vest on April 8, 2010
and 20 percent (20%) to vest on each of the next four anniversary dates.(12)
    
    On November 1, 2007, pursuant to the 2007 Plan, 3,000 shares of restricted stock were awarded to
Jung Hak Son with vesting as follows: 20 percent (20%) to vest on November 1, 2007 and 20
percent (20%) to vest on each of the next four anniversary dates. 1,800 shares remain
unvested after 20% (600 shares) vested on November 1, 2009 and 20% (600 shares) vested on
November 1, 2008.(13)
    
    On April 8, 2009, pursuant to the 2007 Plan, 10,000 shares of restricted stock were
awarded to Jung Hak Son with vesting as follows: 20 percent (20%) to vest on April 8, 2010
and 20 percent (20%) to vest on each of the next four anniversary dates.(14)
    
    Amount calculated as follows: Closing Stock Price as of December 31, 2009 ($1.20) x Unvested Shares of Restricted Stock (20,000).(15)
    
    Amount calculated as follows: Closing Stock Price as of December 31, 2009 ($1.20) x Unvested Shares of Restricted Stock (3,000).(16)
    
    Amount calculated as follows: Closing Stock Price as of December 31, 2009 ($1.20) x Unvested Shares of Restricted Stock (15,000).(17)
    
    Amount calculated as follows: Closing Stock Price as of December 31, 2009 ($1.20) x Unvested Shares of Restricted Stock (1,800).(18)
    
    Amount calculated as follows: Closing Stock Price as of December 31, 2009 ($1.20) x Unvested Shares of Restricted Stock (10,000). Option Exercises and Stock Vested
  OPTION EXERCISES AND STOCK VESTEDOption Awards
    
    Stock AwardsNumber
    
    
    
    
    
    Numberof Shares
    
    Value
    
    of Shares
    
    ValueAcquired
    
    Realized
    
    Acquired
    
    Realizedon Exercise
    
    on Exercise
    
    on Vesting
    
    on VestingName
    
    (#)
    
    ($)
    
    (#)
    
    ($)(a)
    
    (b)
    
    (c)
    
    (d)
    
    (e)Jay S. Yoo
    
    
    
    
    
    $
    
    
    
    
    
    
    
    $
    Brian E. Cho
    
    
    
    
    
    $
    
    
    
    
    1,000
    (1)
    
    $
    1,210
    (2)Jung Hak Son
    
    
    
    
    
    $
    
    
    
    
    600
    
    
    $
    918
    (3)John Park
    
    
    
    
    
    $
    
    
    
    
    1,000
    (4)
    
    $
    1,480
    (5)
 
 (1)
    
    On December 3, 2007, pursuant to the 2007 Plan, 5,000 shares of restricted stock
were awarded to Brian E. Cho with vesting as follows: 20 percent (20%) to vest on December
3, 2008 and 20 percent (20%) to vest on each of the next four anniversary dates.(2)
    
    Amount calculated as follows: Closing Stock Price as of December 3, 2009 ($1.21)
x Shares of Restricted Stock That Vested (1,000). 18




---



##### Table of Contents



(3)
    
    Amount calculated as follows: Closing Stock Price as of October 30, 2009
($1.53) x Shares of Restricted Stock That Vested (600).(4)
    
    On September 2, 2008, pursuant to the 2007 Plan, 5,000 shares of restricted stock
were awarded to John Park with vesting as follows: 20 percent (20%) to vest on September
2, 2009 and 20 percent (20%) to vest on each of the next four anniversary dates.(5)
    
    Amount calculated as follows: Closing Stock Price as of September 2, 2009
($1.48) x Shares of Restricted Stock That Vested (1,000). Non-Qualified Deferred Compensation Plan
  Potential Payments Upon Termination or Change In Control
   Executive Benefits
    
    
    
    
    
    Withoutand Payments
    
    Voluntary
    
    
    Good Cause
    
    
    Good Cause
    
    
    Change inUpon Termination(1)
    
    Termination
    
    
    Termination
    
    
    Termination
    
    
    Control
    
    
    Death
    
    
    DisabilityCompensation:Base Salary
    
    $
    158,400
    (2)
    
    $
    158,400
    (2)
    
    $
    
    
    
    $
    158,400
    (2)
    
    $
    158,400
    (2)
    
    $
    158,400
    (2)Benefits and Perquisites:Life Insurance Benefits
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    50,000
    (3)
    
    
    Disability Income
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    
    $
    97,500
    (4)Accrued Vacation Pay
    
    $
    24,115
    (5)
    
    $
    24,115
    (5)
    
    $
    24,115
    (5)
    
    $
    24,115
    (5)
    
    $
    24,115
    (5)
    
    $
    24,115
    (5)Total
    
    $
    182,515
    
    
    $
    182,515
    
    
    $
    24,115
    
    
    $
    182,515
    
    
    $
    232,515
    
    
    $
    280,015
 
 (1)
    
    Assumes the Chief Executive Officers date of termination is December 31, 2009
and the price per share of Hanmi Financials stock on the date of termination is $1.20 per
share.(2)
    
    Amount represents total base salary to be paid to the Chief Executive Officer,
which is base pay equal to six months or the remaining term of the Chief Executive
Officers employment agreement, which ends on June 23, 2010, whichever is shorter. Amount
is calculated as follows: $330,000 (Annual Base Salary) x 0.48 year (which is the
remaining term of the Chief Executive Officers employment agreement)(3)
    
    Amount represents proceeds from life insurance policies.(4)
    
    Amount represents disability income to be paid to the Chief Executive Officer
until he reaches age 65.(5)
    
    Amount represents cash lump-sum payment for unused vacation days as of
termination date.  Voluntary Termination
  19




---



##### Table of Contents



Without Good Cause Termination
  Good Cause Termination
  Other Executives
  Director Compensation
  DIRECTOR COMPENSATIONChange inPensionFees
    
    
    
    
    
    
    
    
    
    
    
    
    
    Value andEarned
    
    
    
    
    
    
    
    
    
    
    
    
    
    Non-Qualifiedor Paid
    
    
    
    
    
    Option
    
    Non-Equity
    
    Deferred
    
    All Otherin Cash
    
    Stock
    
    Awards
    
    Incentive Plan
    
    Compensation
    
    Compensation($)
    
    Awards
    
    ($)
    
    Compensation
    
    Earnings
    
    ($)
    
    TotalName
    
    (1)(2)
    
    ($)
    
    (3)(4) (5) (6)
    
    ($)
    
    ($)
    
    (1)(7)
    
    ($)(a)
    
    (b)
    
    (c)
    
    (d)
    
    (e)
    
    (f)
    
    (g)
    
    (h)Robert Abeles (8)
    
    $
    12,900
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    1,274
    
    
    $
    14,174I Joon Ahn
    
    $
    64,200
    
    
    $
    
    
    
    $
    40,188
    
    
    $
    
    
    
    $
    
    
    
    $
    15,275
    
    
    $
    119,663John A. Hall
    
    $
    66,350
    
    
    $
    
    
    
    $
    4,884
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    71,234Paul Seon-Hong Kim
    
    $
    63,700
    
    
    $
    
    
    
    $
    4,884
    
    
    $
    
    
    
    $
    
    
    
    $
    12,762
    
    
    $
    81,346Joon Hyung Lee
    
    $
    66,850
    
    
    $
    
    
    
    $
    40,188
    
    
    $
    
    
    
    $
    
    
    
    $
    15,276
    
    
    $
    122,314Richard B. C. Lee (9)
    
    $
    19,300
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    295,612
    
    
    $
    314,912Charles Kwak (10)
    
    $
    13,600
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    3,822
    
    
    $
    17,422Joseph K. Rho
    
    $
    83,000
    
    
    $
    
    
    
    $
    40,188
    
    
    $
    
    
    
    $
    
    
    
    $
    15,275
    
    
    $
    138,463William J. Stolte
    
    $
    42,200
    
    
    $
    
    
    
    $
    5,707
    
    
    $
    
    
    
    $
    
    
    
    $
    478
    
    
    $
    48,385
 20




---



##### Table of Contents



(1)
    
    All cash compensation and perquisites paid to Directors are paid by Hanmi Bank,
which is then reimbursed by Hanmi Financial.(2)
    
    Each Director who is not an employee of Hanmi Financial (an outside Director) is
paid a monthly retainer fee of $3,000 and $1,000 monthly for attendance at Board of Directors
meetings ($500 for telephonic attendance at Board meetings). In addition, the Chairman of the
Board receives an additional $2,500 each month. The Audit Committee Chairman receives an
additional $1,500 each month. The chairmen of the remaining committees receive an additional
$750 each month, and committee members receive an additional $200 each month for attending
committee meetings ($100 each month for telephonic attendance at committee meetings).(3)
    
    All equity awards are made by Hanmi Financial, are for shares of Hanmi Financials
common stock, and are made pursuant to the 2007 Plan.(4)
    
    The amounts in column (d) reflect the dollar amount recognized or reversed for
financial statement reporting purposes for the fiscal year ended December 31, 2009, in
accordance with FASB ASC Topic 718, of awards pursuant to the 2007 Plan, and thus include
amounts from awards granted in and prior to 2009. Assumptions used in the calculation of
these amounts for the fiscal year ended December 31, 2009 are included in Note 13 to Hanmi
Financials audited financial statements for the fiscal year ended December 31, 2009, included
in Hanmi Financials Annual Report on Form 10-K filed with the SEC on March 15, 2010.(5)
    
    Grants of Plan-Based Awards Directors are eligible to be granted stock options and
restricted stock under the 2007 Plan. In 2009, outside Directors were granted the following
stock options and restricted stock awards under the 2007 Plan: All OtherOptionAwards:
    
    Exercise
    
    GrantNumber of
    
    or Base
    
    Date FairSecurities
    
    Price of
    
    Value ofUnderlying
    
    Option
    
    Stock andGrant
    
    Options
    
    Awards (a)
    
    OptionName
    
    Date
    
    (#)
    
    ($/Share)
    
    AwardsI Joon Ahn
    
    
    04/08/09
    
    
    
    20,000
    
    
    $
    1.35
    
    
    $
    12,30604/08/09
    
    
    
    15,000
    
    
    $
    1.35
    
    
    $
    20,250John A. Hall
    
    
    04/08/09
    
    
    
    20,000
    
    
    $
    1.35
    
    
    $
    12,30604/08/09
    
    
    
    15,000
    
    
    $
    1.35
    
    
    $
    20,250Paul Seon-Hong Kim
    
    
    04/08/09
    
    
    
    20,000
    
    
    $
    1.35
    
    
    $
    12,30604/08/09
    
    
    
    15,000
    
    
    $
    1.35
    
    
    $
    20,250Charles Kwak(10)
    
    
    07/01/09
    
    
    
    20,000
    
    
    $
    1.69
    
    
    $
    17,22007/01/09
    
    
    
    15,000
    
    
    $
    1.69
    
    
    $
    25,350Joon Hyung Lee
    
    
    04/08/09
    
    
    
    20,000
    
    
    $
    1.35
    
    
    $
    12,30604/08/09
    
    
    
    15,000
    
    
    $
    1.35
    
    
    $
    20,250Joseph K. Rho
    
    
    04/08/09
    
    
    
    20,000
    
    
    $
    1.35
    
    
    $
    12,30604/08/09
    
    
    
    15,000
    
    
    $
    1.35
    
    
    $
    20,250William J. Stolte
    
    
    04/22/09
    
    
    
    20,000
    
    
    $
    1.57
    
    
    $
    14,49204/22/09
    
    
    
    15,000
    
    
    $
    1.57
    
    
    $
    23,550
 
 (6)
    
    Outstanding Equity Awards at Fiscal Year-End The following table shows information
as of December 31, 2009 for Hanmi Financials Directors concerning unexercised stock
options: Number of
    
    Number ofSecurities
    
    SecuritiesUnderlying
    
    UnderlyingUnexercised
    
    Unexercised
    
    Option
    
    OptionOptions (#)
    
    Options (#)
    
    Exercise
    
    ExpirationName
    
    Exercisable
    
    Unexercisable
    
    Price ($)
    
    DateI Joon Ahn
    
    
    24,000
    (b)
    
    
    
    
    
    $
    21.63
    
    
    
    11/15/16
    
    
    
    20,000
    (c)
    
    $
    1.35
    
    
    
    04/08/19John A. Hall
    
    
    
    
    
    
    20,000
    (c)
    
    $
    1.35
    
    
    
    04/08/19Paul Seon-Hong Kim
    
    
    
    
    
    
    20,000
    (c)
    
    $
    1.35
    
    
    
    04/08/19Joon Hyung Lee
    
    
    36,624
    (a)
    
    
    
    
    
    $
    3.89
    
    
    
    09/20/1024,000
    (b)
    
    
    
    
    
    $
    21.63
    
    
    
    11/15/16
    
    
    
    20,000
    (c)
    
    $
    1.35
    
    
    
    04/08/19Joseph K. Rho
    
    
    24,000
    (b)
    
    
    
    
    
    $
    21.63
    
    
    
    11/15/16
    
    
    
    20,000
    (c)
    
    $
    1.35
    
    
    
    04/08/19William J. Stolte
    
    
    
    
    
    
    20,000
    (d)
    
    $
    1.57
    
    
    
    04/22/19
 
 (a)
    
    On September 20, 2000, pursuant to the 2000 Plan, 91,560 stock options were
granted to each Director with vesting as follows: 20 percent (20%) to vest on September
20, 2001 and 20 percent (20%) on each of the next four anniversary dates. 21




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##### Table of Contents



(b)
    
    On November 15, 2006, pursuant to the 2000 Plan, 24,000 stock options were
granted to each Director with vesting as follows: 33.33 percent (33.33%) to vest on
November 15, 2007 and 33.33 percent (33.33%) on each of the next two anniversary dates.(c)
    
    On April 8, 2009, pursuant to the 2007 Plan, 20,000 stock options were granted to
each Director with vesting as follows: 20 percent (20%) to vest on April 8, 2010 and 20
percent (20%) on each of the next four anniversary dates.(d)
    
    On April 22, 2009, pursuant to the 2007 Plan, 20,000 stock options were granted
to Mr. Stolte with vesting as follows: 20 percent (20%) to vest on April 22, 2010 and 20
percent (20%) on each of the next four anniversary dates.(7)
    
    The amounts in column (g) consist of: PresentValue of
    
    Health
    
    Life
    
    TotalTermination
    
    Insurance
    
    Insurance
    
    All OtherName
    
    Benefits(a)
    
    Premiums
    
    Premiums
    
    CompensationRobert Abeles(8)
    
    $
    
    
    
    $
    1,262
    
    
    $
    12
    
    
    $
    1,274I Joon Ahn
    
    $
    
    
    
    $
    15,138
    
    
    $
    137
    
    
    $
    15,275John A. Hall
    
    $
    
    
    
    $
    
    
    
    $
    
    
    
    $
    Paul Seon-Hong Kim
    
    $
    
    
    
    $
    12,615
    
    
    $
    147
    
    
    $
    12,762Joon Hyung Lee
    
    $
    
    
    
    $
    15,138
    
    
    $
    138
    
    
    $
    15,276Richard B. C. Lee(9)
    
    $
    288,060
    
    
    $
    7,484
    
    
    $
    68
    
    
    $
    295,612Charles Kwak(10)
    
    $
    
    
    
    $
    3,785
    
    
    $
    37
    
    
    $
    3,822Joseph K. Rho
    
    $
    
    
    
    $
    15,138
    
    
    $
    137
    
    
    $
    15,275William J. Stolte
    
    $
    
    
    
    $
    399
    
    
    $
    79
    
    
    $
    478
 (8)
    
    Former Director who resigned effective January 31, 2009.(9)
    
    Former Director who retired effective April 3, 2009. In connection with his
retirement, Mr. Lee and Hanmi Bank entered into a Severance and Release Agreement (the
Severance Agreement). Pursuant to the Severance Agreement, among other things, Mr. Lee
received a lump-sum payment of $180,000 upon his retirement. Mr. Lee also will receive
current health insurance coverage for the next five years in which Hanmi Bank will continue to
pay for medical, dental, and/or vision premiums with an aggregated estimated cost of $113,275.
The present value of termination benefits is the amount accrued for those payments and is
equal to the present value of the severance payments and premiums using a discount rate of
1.87 percent (1.87%).(10)
    
    Former Director who resigned effective September 28, 2009. NCGC Committee Interlocks and Insider Participation
  
 ITEM 12.
    
    SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER
MATTERS
   22




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##### Table of Contents



COMMON STOCK BENEFICIALLY OWNEDNumber
    
    Percent ofof
    
    SharesName and Address of Beneficial Owner
    
    Shares
    
    OutstandingLeading Investment & Securities Co., Ltd.
    
    (1)
    
    
    5,070,423
    
    
    
    9.90
    %GWI Enterprise Ltd.
    
    (2)
    
    
    5,018,706
    
    
    
    9.80
    %BlackRock, Inc.
    
    (3)
    
    
    3,027,299
    
    
    
    5.91
    %Joseph K. Rho, Chairman of the Board
    
    (4) (5) (6)
    
    
    1,637,838
    
    
    
    3.20
    %Joon Hyung Lee, Director
    
    (5) (7)
    
    
    1,220,677
    
    
    
    2.38
    %I Joon Ahn, Director
    
    (4) (5) (6)
    
    
    1,220,526
    
    
    
    2.38
    %Paul Seon-Hong Kim, Director
    
    (5)(8)
    
    
    130,862
    
    
    
    *Jay S. Yoo, President and Chief Executive Officer, Director
    
    (5) (9)
    
    
    60,000
    
    
    
    *Brian E. Cho, Executive Vice President and Chief Financial Officer
    
    (10)
    
    
    35,000
    
    
    
    *Jung Hak Son, Senior Vice President and Chief Credit Officer
    
    (11)
    
    
    27,000
    
    
    
    *John A. Hall, Director
    
    (5)(8)
    
    
    22,000
    
    
    
    *William J. Stolte, Director
    
    (5)(8)
    
    
    20,000
    
    
    
    *All Directors and Executive Officers as a Group (9 in Number)
    
    
    
    
    4,373,903
    
    
    
    8.51
    %
 
 (1)
    
    Based on a Schedule 13D filed on September 14, 2009 with the SEC under the
Securities Exchange Act of 1934, as amended, by Leading Investment & Securities Co., Ltd
(Leading). The address of Leading is W Savings Bank Building, 5thFloor, 90-7
Nonhyeon-Dong, Gangnam-Gu, Seoul 135-818, Korea.(2)
    
    Based on a Schedule 13D filed on March 17, 2010 with the SEC under the Securities
Exchange Act of 1934, as amended, by Mu Hak You. Mu Hak Yous address is Kings Court, Bay
Street, P.O. Box N-3944, Nassau, Bahamas C5 3944.(3)
    
    Based on a Schedule 13G filed on January 29, 2010 with the SEC under the Securities
Exchange Act of 1934, as amended, by BlackRock, Inc. (BlackRock). The address of BlackRock
is 40 East 52nd Street, New York, NY 10022.(4)
    
    Includes 24,000 options that are presently exercisable under the 2000 Plan and 4,000
options under the 2007 Plan that will become exercisable within 60 days.(5)
    
    Includes 15,000 shares of restricted stock.(6)
    
    Shares beneficial ownership with his spouse.(7)
    
    Includes 60,624 options that are presently exercisable under the 2000 Plan and 4,000
options under the 2007 Plan that will become exercisable within 60 days.(8)
    
    Includes 4,000 options under the 2007 Plan that will vest within 60 days.(9)
    
    Includes 35,000 options that are presently exercisable under the 2007 plan and
10,000 options under the 2007 Plan that will become exercisable within 60 days.(10)
    
    Includes 12,000 options that are presently exercisable under the 2007 Plan, 3,000
options under the 2007 Plan that will become exercisable within 60 days, and 18,000 shares of
restricted stock(11)
    
    Includes 12,000 options that are presently exercisable under the 2000 Plan, 2,000
options under the 2007 Plan that will become exercisable
within 60 days, and 11,800 shares of restricted stock. Securities Authorized for Issuance Under Equity Compensation Plans
  23




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##### Table of Contents



Number of SecuritiesRemaining Available forNumber of Securities to be
    
    Weighted-Average
    
    Future Issuance UnderIssued Upon Exercise of
    
    Exercise Price of
    
    Equity CompensationOutstanding Options,
    
    Outstanding Options,
    
    Plans (ExcludingWarrants and Rights
    
    Warrants and Rights
    
    Securities(a)
    
    (b)
    
    Reflected in Column(a))Equity Compensation Plans Approved
By Security Holders
    
    
    1,180,358
    
    
    $
    11.78
    
    
    
    3,000,000Equity Compensation Plans Not
Approved By Security Holders
    
    
    
    
    
    $
    
    
    
    
    Total Equity Compensation Plans
    
    
    1,180,358
    
    
    $
    11.78
    
    
    
    3,000,000
 
 ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE
 Certain Relationships and Related Transactions
  Director Compensation
    Review, Approval or Ratification of Transactions With Related Persons
 24




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##### Table of Contents



Director Independence
  
 ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES
  2009
    
    
    2008Audit Fees (1)
    
    $
    600,000
    
    
    $
    575,000Audit-Related Fees (2)
    
    
    19,326
    
    
    
    28,996Tax Fees (3)
    
    
    54,000
    
    
    
    65,000All Other Fees
    
    
    
    
    
    
    $
    673,326
    
    
    $
    668,996
 
 (1)
    
    Includes fees billed for the integrated audit of Hanmi Financials annual
financial statements and internal control over financial reporting, for the reviews of the
financial statements included in Hanmi Financials Quarterly Reports on Form 10-Q, and for
compliance with the Federal Deposit Insurance Corporation Improvement Act.(2)
    
    Includes fees billed for professional services rendered in connection with
reviews of registration statements.(3)
    
    Includes fees billed for professional services rendered in connection with tax
compliance, tax advice, and tax planning.  Audit Committee Pre-Approval Policies and Procedures
    25




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##### Table of Contents



PART IV
 
 ITEM 15. EXHIBITS, FINANCIAL STATEMENT SCHEDULES
   Exhibit Number
    
    Document31.1
    
    
    Certification of Chief Executive Officer pursuant to
Rule 13a-14(a) and Rule 15d-14(a) of the Securities
Exchange Act, as amended31.2
    
    
    Certification of Chief Financial Officer pursuant to
Rule 13a-14(a) and Rule 15d-14(a) of the Securities
Exchange Act, as amended
 26




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##### Table of Contents



SIGNATURES
  HANMI FINANCIAL CORPORATIONBy:
    /s/ Jay S. YooJay S. YooPresident and Chief Executive OfficerDate:
    April 30, 2010  27