The board of FirstFed Financial Corp., parent...

The board of FirstFed Financial Corp., parent of First Federal Savings Bank of California, adopted a shareholder rights plan. The plan provides for the distribution of one preferred stock purchase right as a dividend for each outstanding share of common stock. The rights may be exercised only if a person or group acquires 15% or more of FirstFed common stock or announces a tender offer that would result in ownership of 15% or more of the common stock.