SEC Form 4 · accession 0001033012-17-000066
FLAGSTAR BANCORP INC · (NYSE:FBC)
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Lee Matthew Smith
Officer — Executive Vice President & COO
Period of report
May 24, 2017
Accepted (ET)
May 26, 2017 · 1:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001033012
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Flagstar Bancorp, Inc. Common Stock | May 24, 2017 | M | 2,474 | $0.00 | A | 74,036 | D | |
| Flagstar Bancorp, Inc. Common Stock | May 24, 2017 | F | 782 | $0.00 | D | 73,254 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock Units (16)F2,F3 | — | May 24, 2017 | M | 2,474 | D | — | — | Flagstar Bancorp, Inc. Common Stock | 2,474 | 7,423 | D |
Explanation of responses
- F1These shares were surrendered to the issuer to cover the tax obligations on shares for which restrictions have lapsed.
- F2Each restricted stock unit represents a contingent right to receive one share of Flagstar Bancorp, Inc. Common Stock.
- F3The restricted stock units were granted on May 24, 2016, and will vest 25% on both the first and second anniversary of the grant date, and the remaining 50% on the third anniversary of the grant date.