SEC Form 4 · accession 0001209191-15-033228
DITECH HOLDING Corp · DHCP
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David C Schneider
Officer — Executive Vice President
Period of report
Apr 6, 2015
Accepted (ET)
Apr 8, 2015 · 6:34 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001040719
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Apr 6, 2015 | A | 22,879 | $0.00 | A | 26,339 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Option (Right to Buy Stock)F2,F3 | $16.39 | Apr 6, 2015 | A | 121,428 | A | Apr 6, 2018 | Apr 6, 2022 | Common Stock | 121,428 | 121,428 | D |
Explanation of responses
- F1Award of restricted stock units corresponding to notional shares of common stock under the Issuer's 2011 Omnibus Incentive Plan.
- F2Grant awarded to the Reporting Person pursuant to the Issuer's 2011 Omnibus Incentive Plan.
- F3Price is based on the average of the high and the low selling price of Issuer's stock on the grant date.
Remarks
Grant of long-term incentive equity. RSUs vest one-third on each of the first, second and third anniversary of the grant date.