SEC Form 4 · accession 0001104659-18-060547
Frontdoor, Inc. · FTDR
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Chastitie Brim
Officer — VP, Controller & CAO
Period of report
Oct 1, 2018
Accepted (ET)
Oct 4, 2018 · 3:38 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001727263
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | holding | — | — | — | 247 | 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 UnitsF3,F2 | — | Oct 1, 2018 | A | 353 | A | — | — | Common Stock | 353 | 353 | D |
| Restricted Stock UnitsF3,F4 | — | Oct 1, 2018 | A | 737 | A | — | — | Common Stock | 737 | 737 | D |
| Restricted Stock UnitsF3,F5 | — | Oct 1, 2018 | A | 913 | A | — | — | Common Stock | 913 | 913 | D |
| Restricted Stock UnitsF3,F6 | — | Oct 1, 2018 | A | 2,608 | A | — | — | Common Stock | 2,608 | 2,608 | D |
Explanation of responses
- F1Reflects shares of common stock of frontdoor, inc. (the "Company") issued pursuant to the dividend declared by ServiceMaster Global Holdings, Inc. ("ServiceMaster") and paid on October 1, 2018 related to the spin-off of the Company from ServiceMaster (the "Spin-off'"). ServiceMaster stockholders received one share of Company common stock for every two ServiceMaster common shares held as of the record date of September 14, 2018.
- F2Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted February 22, 2016 by ServiceMaster and converted into restricted stock units of the Company in connection with the Spin-off. These restricted stock units become vested and settled on February 22, 2019, subject to continued employment with the Company.
- F3The number of restricted stock units were adjusted in connection with the Spin-off based on the closing price of ServiceMaster's stock on September 28, 2018 and the opening price of Company stock on October 1, 2018.
- F4Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted February 20, 2017 by SenviceMaster and converted into restricted stock units of the Company in connection with the Spin-off. These restricted stock units become vested and settled in two equal installments on February 20, 2019 and 2020, subject to continued employment with the Company.
- F5Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted February 18, 2018 by ServiceMaster and converted into restricted stock units of the Company in connection with the Spin-off. These restricted stock units become vested and settled in three equal installments on February 18, 2019, 2020 and 2021, subject to continued employment with the Company.
- F6Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted May 25, 2018 by ServiceMaster and converted into restricted stock units of the Company in connection with the Spin-off. These restricted stock units become vested and settled in three equal installments on May 25, 2019, 2020 and 2021, subject to continued employment with the Company.