SEC Form 4 · accession 0001209191-15-045002
PHH CORP · PHH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Gregory J Parseghian
Director
Period of report
May 18, 2015
Accepted (ET)
May 20, 2015 · 6:02 pm EDT
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,F3 | May 18, 2015 | S | 5,000 | $27.0888 | D | 20,051 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Shares reported in Column 4 were sold to meet certain estimated tax obligations payable in connection with the director compensation of the reporting person.
- F2The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.0300 to $27.1500, inclusive. 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 at each separate price within the range.
- F3All shares reported in Column 5 are subject to the PHH Corporation Non-Employee Director and Employee Share Ownership and Retention Policy.