SEC Form 4 · accession 0001209191-15-020555
PHH CORP · PHH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glen A. Messina
Officer — President and CEO · Director
Period of report
Mar 1, 2015
Accepted (ET)
Mar 2, 2015 · 9:14 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 | Mar 1, 2015 | A | 37,660 | $0.00 | A | 129,309 | 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 March 1, 2016, 1/3 of such RSUs are scheduled to vest on March 1, 2017, and 1/3 of such RSUs are scheduled to vest on March 1, 2018.
- F2Includes 78,609 shares of common stock underlying unvested RSUs. Each RSU represents the right to receive one share of common stock upon vesting.