SEC Form 4 · accession 0001127602-16-066702
PNMAC Holdings, Inc. · PFSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Farhad Nanji
Director
Period of report
Nov 8, 2016
Accepted (ET)
Nov 10, 2016 · 5:02 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001568669
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1,F2 | Nov 8, 2016 | A | 1,677 | $16.24 | A | 52,991 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cl A Units of Private Nat'l Mortgage Acceptance Company, LLCF3,F4 | — | holding | — | — | — | Nov 5, 2013 | — | Class A Common Stock | 122,109 | 122,109 | D |
Explanation of responses
- F1The Reporting Person received these shares in lieu of cash compensation payable for services rendered as a non-management director of the Issuer during the third quarter of 2016. This transaction is exempt under Rule 16b-3 of the Securities Exchange Act of 1934.
- F2The reported amount consists of 12,572 restricted stock units and 40,419 shares of Class A Common Stock. The restricted stock units are to be settled in an equal number of shares of Class A Common Stock upon vesting.
- F3Pursuant to the terms of an exchange agreement, Class A Units of Private National Mortgage Acceptance Company, LLC are exchangeable for shares of Class A Common Stock of PennyMac Financial Services, Inc. on a one-for-one basis, subject to customary conversion rate adjustments, from and after the closing of PennyMac Financial Services, Inc.'s initial public offering, and after the expiration of a lock-up agreement.
- F4N/A