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

Apr 16, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PennyMac Financial Services, Inc. (PFSI)
CIK: 0001745916
Period of Report: 2020-04-14

Reporting Person: KURLAND STANFORD L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-14	Common Stock	S	300	$27.0766	Disposed	8249690	Indirect
2020-04-15	Common Stock	G	81849	—	Disposed	7279	Direct
2020-04-15	Common Stock	G	81849	—	Acquired	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 $27.00 to $27.21. 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 Reporting Person transferred 81,849 shares of Common Stock held by the Reporting Person to a family trust, of which the Reporting Person is a trustee.

F4: The reported amount consists of 7,279 restricted stock units. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

F5: 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.

F6: 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.

F7: 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.

F8: 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.

F9: 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.

F10: 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.

F11: 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.