SEC Form 4 · accession 0001209191-15-019768
PHH CORP · PHH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William F Brown
Officer — SVP, GC & Secretary
Period of report
Feb 25, 2015
Accepted (ET)
Feb 27, 2015 · 5:40 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,F2 | Feb 25, 2015 | A | 5,431 | $0.00 | A | 75,621 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares of common stock underlying unvested restricted stock units ("RSUs"). Each RSU represents the right to receive one share of PHH Corporation common stock upon vesting. Subject to the continued employment of the recipient with PHH Corporation through the applicable vesting dates, 1/3 of such RSUs are scheduled to vest on February 25, 2016, 1/3 of such RSUs are scheduled to vest on February 25, 2017, and 1/3 of such RSUs are scheduled to vest on February 25, 2018.
- F2Includes 32,120 shares of common stock underlying unvested RSUs. Each RSU represents the right to receive one share of common stock upon vesting.