SEC Form 4 · accession 0001225208-18-009953
Front Yard Residential Corp · RESI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Rene Dittrich
Officer — Chief Accounting Officer
Period of report
May 24, 2018
Accepted (ET)
May 29, 2018 · 9:57 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 StockF2,F3 | May 24, 2018 | A | 14,098 | $0.00 | A | 24,588 | D | |
| Common StockF4,F5 | May 29, 2018 | F | 1,348 | $10.46 | D | 23,240 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Grant of Restricted Stock Units ("RSUs") which vest in equal annual installments on each of the first, second and third anniversaries of the grant date, subject to acceleration or forfeiture, and upon vesting, settle for shares of common stock.
- F2Not applicable.
- F3Includes 24,588 RSUs, which, upon vesting, settle for shares of common stock, subject to acceleration or forfeiture.
- F4Such 1,348 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 May 29, 2018.
- F5Includes 21,091 remaining unvested RSUs, which, upon vesting, settle for shares of common stock, subject to acceleration or forfeiture.