SEC Form 4 · accession 0001209191-16-123012
PHH CORP · PHH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert B Crowl
Officer — EVP & CFO
Period of report
May 22, 2016
Accepted (ET)
May 24, 2016 · 5:55 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 | May 22, 2016 | A | 62,200 | $0.00 | A | 160,544 | 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 May 22, 2017, 1/3 of such RSUs are scheduled to vest on May 22, 2018, and 1/3 of such RSUs are scheduled to vest on May 22, 2019.
- F2Includes 137,691 shares of common stock underlying unvested RSUs. Each RSU represents the right to receive one share of common stock upon vesting.