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PennyMac Financial Services, Inc. — Director's Dealing 2020
Jun 12, 2020
30869_dirs_2020-06-11_dc19eed1-d156-4413-b91b-6079431175b3.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: PennyMac Financial Services, Inc. (PFSI)
CIK: 0001745916
Period of Report: 2020-06-09
Reporting Person: KURLAND STANFORD L (Director, 10% Owner)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-06-09 | Common Stock | S | 10000 | $35.507 | Disposed | 8135190 | Indirect |
| 2020-06-09 | Common Stock | S | 5000 | $35.4902 | Disposed | 8130190 | Indirect |
| 2020-06-10 | Common Stock | S | 9600 | $35.55 | Disposed | 8120590 | Indirect |
| 2020-06-10 | Common Stock | S | 5400 | $36.21 | Disposed | 8115190 | Indirect |
| 2020-06-11 | Common Stock | S | 8800 | $37.20 | Disposed | 8106390 | Indirect |
| 2020-06-11 | Common Stock | S | 6200 | $37.78 | Disposed | 8100190 | Indirect |
Holdings (Non-Derivative)
| Security | Shares | Ownership |
|---|---|---|
| Common Stock | 7279 | Direct |
| Common Stock | 115544 | Indirect |
Holdings (Derivative)
| Security | Exercise Price | Expiration | Underlying | Shares | Ownership |
|---|---|---|---|---|---|
| Nonstatutory Stock Option (Right to Buy) | $21.03 | 2023-06-12 | Common Stock (107656) | 107656 | Direct |
| Nonstatutory Stock Option (Right to Buy) | $17.26 | 2024-02-25 | Common Stock (191098) | 191098 | Direct |
| Nonstatutory Stock Option (Right to Buy) | $17.52 | 2025-03-02 | Common Stock (161529) | 161529 | Direct |
| Nonstatutory Stock Option (Right to Buy) | $11.28 | 2026-03-06 | Common Stock (188086) | 188086 | Direct |
| Nonstatutory Stock Option (Right to Buy) | $18.05 | 2027-03-05 | Common Stock (138504) | 138504 | Direct |
| Nonstatutory Stock Option (Right to Buy) | $24.40 | 2028-03-08 | Common Stock (102459) | 102459 | Direct |
| Nonstatutory Stock Option (Right to Buy) | $22.92 | 2029-03-14 | Common Stock (107849) | 107849 | Direct |
Footnotes
F1: These shares of Common Stock were sold pursuant to a 10b5-1 plan.
F2: The price reported is the weighted average price of multiple transactions ranging from $35.20 to $35.80. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
F3: The price reported is the weighted average price of multiple transactions ranging from $35.20 to $35.85. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
F4: The price reported is the weighted average price of multiple transactions ranging from $35.07 to $36.07. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
F5: The price reported is the weighted average price of multiple transactions ranging from $36.09 to $36.42. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
F6: The price reported is the weighted average price of multiple transactions ranging from $36.59 to $37.58. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
F7: The price reported is the weighted average price of multiple transactions ranging from $37.595 to $38.00. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
F8: The reported amount consists of 7,279 restricted stock units. The restricted stock units are to be settled in an equal amount of shares of Common Stock upon vesting.
F9: This nonstatutory stock option to purchase 107,656 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of June 13, 2014, 2015 and 2016, subject to the Reporting Person's continued service through each date.
F10: This nonstatutory stock option to purchase 191,098 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2015, 2016 and 2017, subject to the Reporting Person's continued service through each date.
F11: This nonstatutory stock option to purchase 161,529 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 3, 2016, 2017 and 2018, subject to the Reporting Person's continued service through each date.
F12: This nonstatutory stock option to purchase 188,086 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 7, 2017, 2018 and 2019, subject to the Reporting Person's committed service through each date.
F13: This nonstatutory stock option to purchase 138,504 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 6, 2018, 2019 and 2020, subject to the Reporting Person's committed service through each date.
F14: This nonstatutory stock option to purchase 102,459 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 9, 2019, 2020 and 2021, subject to the Reporting Person's committed service through each date.
F15: This nonstatutory stock option to purchase 107,849 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 15, 2020, 2021 and 2022, subject to the Reporting Person's continued service through each date.