SEC Form 4 · accession 0001209191-15-001671
PHH CORP · PHH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory J Parseghian
Director
Period of report
Dec 31, 2014
Accepted (ET)
Jan 5, 2015 · 8:26 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000077776
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Dec 31, 2014 | A | 1,695 | $23.96 | A | 24,417 | D | |
| Common StockF3,F1 | Jan 5, 2015 | S$0 | 762 | — | D | 23,655 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The Forms 4 filed by the reporting person on October 2, 2014 and November 10, 2014 overstated the number of shares of PHH Corporation common stock beneficially owned by the reporting person following the reported transactions by 8,373 shares of PHH Corporation common stock. The 8,373 shares of PHH Corporation common stock were previously reported as sold by the reporting person in a Form 4 timely filed on August 13, 2014. All shares reported in Column 5 are subject to the PHH Corporation Non-Employee Director and Employee Share Ownership and Retention Policy.
- F2The sales reported in this Form 4 were effected pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on September 8, 2014.
- F3These shares were sold in multiple transactions at the price of $23.85. The reporting person undertakes to provide to PHH Corporation, any security holder of PHH Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold in each separate transaction.