PennyMac Financial Services, Inc. — Director's Dealing 2020

Aug 5, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PennyMac Financial Services, Inc. (PFSI)
CIK: 0001745916
Period of Report: 2020-08-03

Reporting Person: Grogin Jeffrey (Chief Enterprise Ops Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-08-03	Common Stock	M	7292	$17.26	Acquired	36053	Direct
2020-08-03	Common Stock	M	1933	$17.52	Acquired	37986	Direct
2020-08-03	Common Stock	S	9225	$47.9951	Disposed	28761	Direct
2020-08-05	Common Stock	G	12193	—	Disposed	21000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-08-03	Nonstatutory Stock Option (Right to Buy)	$17.26	M	7292	Disposed	2024-02-25	Common Stock (7292)	Direct
2020-08-03	Nonstatutory Stock Option (Right to Buy)	$17.52	M	1933	Disposed	2025-03-02	Common Stock (1933)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	22129	Indirect
Common Stock	453655	Indirect
Common Stock	9025	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Nonstatutory Stock Option (Right to Buy)	$24.40	2028-03-08	Common Stock (17204)	17204	Direct
Nonstatutory Stock Option (Right to Buy)	$22.92	2029-03-14	Common Stock (18057)	18057	Direct
Nonstatutory Stock Option (Right to Buy)	$18.05	2027-03-05	Common Stock (22506)	22506	Direct
Nonstatutory Stock Option (Right to Buy)	$35.03	2030-02-25	Common Stock (17824)	17824	Direct

Footnotes

F1: The transaction reported was effected pursuant to a 10b5-1 plan.

F2: The reported amount consists of 12,286 restricted stock units and 23,767 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

F3: The reported amount consists of 12,286 restricted stock units and 25,700 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

F4: These shares of Common Stock were sold pursuant to a 10b5-1 plan.

F5: The price reported is the weighted average price of multiple transactions ranging from $47.74 to $48.24. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of shares of Common Stock and the prices at which the transactions were effected.

F6: The reported amount consists of 12,286 restricted stock units and 16,475 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

F7: Represents a bona fide gift of shares of Common Stock.

F8: This nonstatutory stock option to purchase 28,216 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.

F9: This nonstatutory stock option to purchase 23,829 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 committed service through each date.

F10: This nonstatutory stock option to purchase 17,204 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each March 9, 2019, 2020 and 2021, subject to the Reporting Person's continued service through each date.

F11: This nonstatutory stock option to purchase 18,057 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.

F12: This nonstatutory stock option to purchase 22,506 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.

F13: This nonstatutory stock option to purchase 17,824 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2021, 2022 and 2023, subject to the Reporting Person's continued service through each date.