SEC Form 4 · accession 0001033012-18-000057
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 23, 2018
Accepted (ET)
May 25, 2018 · 4:28 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 23, 2018 | M | 2,033 | $0.00 | A | 104,445 | D | |
| Flagstar Bancorp, Inc. Common Stock | May 23, 2018 | F | 582 | $0.00 | D | 103,863 | D | |
| Flagstar Bancorp, Inc. Common StockF3 | May 24, 2018 | S | 3,000 | $35.12 | D | 100,863 | 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 L17F4,F5 | — | May 23, 2018 | M | 2,033 | D | — | — | Flagstar Bancorp, Inc. Common Stock | 2,033 | 6,097 | D |
Explanation of responses
- F1These shares were surrendered to the issuer to cover the tax obligations on shares for which restrictions have lapsed.
- F2The sales reported in this Form 4 were effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on November 22, 2017.
- F3This price is the average of the following sales: 100 shares each at $35.04, $35.11, $35.12, $35.17, $35.18, $35.21 and $35.22; 114 shares at $ 35.10; 181 shares at $35.08; 200 shares each at $35.06 and $35.07; 300 shares at $35.09; 400 shares each at $35.15 and $35.16; and 505 shares at $35.13.
- F4Each restricted stock unit represents a contingent right to receive one share of Flagstar Bancorp, Inc. Common Stock.
- F5The restricted stock units were granted on May 23, 2017, 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.