SEC Form 4 · accession 0001225208-17-013943
Front Yard Residential Corp · RESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George G Ellison
Officer — Chief Executive Officer · Director
Period of report
Aug 9, 2017
Accepted (ET)
Aug 11, 2017 · 6:13 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001555039
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Aug 9, 2017 | F | 6,355 | $12.26 | D | 320,336 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Such 6,355 shares were forfeited by the reporting person to cover the tax withholdings on the vesting of his Common Stock pursuant to the terms of the Company's 2016 Equity Incentive Plan and the Restricted Stock Unit Agreement between the reporting person and the Company. The price per share used to determine the tax withholdings was the closing share price of the Company's common stock on the vesting date, which was August 9, 2017.
- F2Includes 100,941 remaining unvested RSUs, which, upon vesting, settle for shares of common stock, subject to acceleration or forfeiture.