SEC Form 4 · accession 0001209191-17-060487
PHH CORP · PHH
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leith W Kaplan
Officer — SVP & Chief Risk & Compl. Ofc
Period of report
Nov 10, 2017
Accepted (ET)
Nov 13, 2017 · 9:11 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 | Nov 10, 2017 | S | 9,800 | $11.2144 | D | 64,400 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $11.14 to $11.32, inclusive. The reporting person undertakes to provide to 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.
- F2Includes 45,933 shares of common stock underlying unvested Restricted Stock Units ("RSUs"). Each RSU represents the right to receive one share of common stock upon vesting.
Remarks
The sales of the shares reported in this Form 4 were consistent with the PHH Corporation Non-Employee Director and Employee Share Ownership and Retention Policy.