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: 2020-04-13

Reporting Person: MCCALLION ANNE (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-04-13	Common Stock	S	4600	$25.9424	Disposed	224006	Indirect
2020-04-13	Common Stock	S	400	$26.57	Disposed	223606	Indirect
2020-04-13	Common Stock	S	11100	$25.7574	Disposed	212506	Indirect
2020-04-13	Common Stock	S	3900	$26.3473	Disposed	208606	Indirect
2020-04-14	Common Stock	S	3200	$26.0662	Disposed	205406	Indirect
2020-04-14	Common Stock	S	1800	$26.8372	Disposed	203606	Indirect
2020-04-14	Common Stock	S	3900	$26.2267	Disposed	199706	Indirect
2020-04-14	Common Stock	S	1100	$26.8791	Disposed	198606	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	5205	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Nonstatutory Stock Option (Right to Buy)	$21.03	2023-06-12	Common Stock (15882)	15882	Direct
Nonstatutory Stock Option (Right to Buy)	$17.26	2024-02-25	Common Stock (28216)	28216	Direct
Nonstatutory Stock Option (Right to Buy)	$17.52	2025-03-02	Common Stock (23829)	23829	Direct
Nonstatutory Stock Option (Right to Buy)	$11.28	2026-03-06	Common Stock (27771)	27771	Direct
Nonstatutory Stock Option (Right to Buy)	$18.05	2027-03-05	Common Stock (22506)	22506	Direct
Nonstatutory Stock Option (Right to Buy)	$24.40	2028-03-08	Common Stock (17204)	17204	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 $25.51 to $26.39. 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 $26.52 to $26.61. 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 $25.18 to $26.17. 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 $26.18 to $26.64. 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 $25.715 to $26.67. 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 $26.76 to $26.93. 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 price reported is the weighted average price of multiple transactions ranging from $25.815 to $26.80. 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.

F9: The price reported is the weighted average price of multiple transactions ranging from $26.815 to $26.945. 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.

F10: The reported amount consists of 5,205 restricted stock units. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

F11: This nonstatutory stock option to purchase 15,882 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.

F12: 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.

F13: 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.

F14: This nonstatutory stock option to purchase 27,771 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.

F15: 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.

F16: 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 of March 9, 2019, 2020 and 2021, subject to the Reporting Person's committed service through each date.