SEC Form 4 · accession 0001127602-19-010397
PennyMac Financial Services, Inc. · PFSI
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
David Spector
Officer — President & CEO · Director
Period of report
Mar 6, 2019
Accepted (ET)
Mar 7, 2019 · 3:03 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001745916
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2 | Mar 6, 2019 | F | 3,193 | $23.10 | D | 1,270,573 | D | |
| Common Stock | holding | — | — | — | 465,604 | I | ST Family Investment Company LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Nonstatutory Stock Option (Right to Buy)F3 | $21.03 | holding | — | — | — | Jun 13, 2014 | Jun 12, 2023 | Common Stock | 40,735 | 40,735 | D |
| Nonstatutory Stock Option (Right to Buy)F4 | $17.26 | holding | — | — | — | Feb 26, 2015 | Feb 25, 2024 | Common Stock | 72,301 | 72,301 | D |
| Nonstatutory Stock Option (Right to Buy)F5 | $17.52 | holding | — | — | — | Mar 3, 2016 | Mar 2, 2025 | Common Stock | 61,120 | 61,120 | D |
| Nonstatutory Stock Option (Right to Buy)F6 | $11.28 | holding | — | — | — | Mar 7, 2017 | Mar 6, 2026 | Common Stock | 71,161 | 71,161 | D |
| Nonstatutory Stock Option (Right to Buy)F7 | $18.05 | holding | — | — | — | Mar 6, 2018 | Mar 5, 2027 | Common Stock | 69,252 | 69,252 | D |
| Nonstatutory Stock Option (Right to Buy)F8 | $24.40 | holding | — | — | — | Mar 9, 2019 | Mar 8, 2028 | Common Stock | 52,935 | 52,935 | D |
Explanation of responses
- F1Represents shares withheld for taxes upon vesting of restricted stock units.
- F2The reported amount consists of 30,408 restricted stock units and 1,240,165 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
- F3This nonstatutory stock option to purchase 40,735 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of June 13, 2014, 2015 and 2016, subject to the Reporting Person's continued service through each date.
- F4This nonstatutory stock option to purchase 72,301 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2015, 2016 and 2017, subject to the Reporting Person's continued service through each date.
- F5This nonstatutory stock option to purchase 61,120 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 3, 2016, 2017 and 2018, subject to the Reporting Person's continued service through each date.
- F6This nonstatutory stock option to purchase 71,161 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 7, 2017, 2018 and 2019, subject to the Reporting Person's committed service through each date.
- F7This nonstatutory stock option to purchase 69,252 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 6, 2018, 2019 and 2020, subject to the Reporting Person's committed service through each date.
- F8This nonstatutory stock option to purchase 52,935 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 9, 2019, 2020 and 2021, subject to the Reporting Person's committed service through each date.