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Mechanics Bancorp — Director's Dealing 2020
Nov 14, 2020
31388_dirs_2020-11-13_9f7b5af3-9071-4f50-b5e2-3f5549e1231f.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: HomeStreet, Inc. (HMST)
CIK: 0001518715
Period of Report: 2020-11-11
Reporting Person: MICHEL JOHN (EVP, Chief Financial Officer)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-11-11 | Common Stock | M | 7740 | — | Acquired | 28340 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-11-11 | Restricted Stock Units | $ | M | 7740 | Disposed | Common Stock (7740.0) | Direct |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 400 | Indirect |
Footnotes
F1: Mr. Michel and his spouse, Rosetta Michel, are the co-trustees and beneficiaries of the J Michel and R Michel TTEE, The Michel Family Tr U/A DTD 6/14/18, and share voting and investment power over the assets of the trust.
F2: Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of HomeStreet common stock. RSUs do not require the holder to pay any consideration on vesting.
F3: On May 11, 2020, the reporting person was granted 23,220 RSUs, which vest incrementally in equal amounts on November 11, 2020, November 11, 2021, and November 11, 2022, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.
F4: The reporting person's remaining RSUs includes 15,480 RSUs granted on May 11, 2020, which vest incrementally in equal amounts on November 11, 2021 and November 11, 2022, and 5,421 RSUs granted on May 26, 2020, which vest incrementally in equal amounts on May 26, 2021, May 26, 2022 and May 26, 2023, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.