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

Mar 12, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PennyMac Financial Services, Inc. (PFSI)
CIK: 0001745916
Period of Report: 2020-03-09

Reporting Person: KURLAND STANFORD L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-09	Common Stock	S	5000	$36.1865	Disposed	59695	Indirect
2020-03-09	Common Stock	S	2500	$36.1804	Disposed	57195	Indirect
2020-03-09	Common Stock	S	7400	$36.1788	Disposed	49795	Indirect
2020-03-09	Common Stock	S	100	$36.73	Disposed	49695	Indirect
2020-03-10	Common Stock	S	1000	$35.0015	Disposed	48695	Indirect
2020-03-10	Common Stock	S	1300	$35.8897	Disposed	47395	Indirect
2020-03-10	Common Stock	S	200	$36.7575	Disposed	47195	Indirect
2020-03-10	Common Stock	S	2700	$34.9542	Disposed	44495	Indirect
2020-03-10	Common Stock	S	3451	$35.7617	Disposed	41044	Indirect
2020-03-10	Common Stock	S	1349	$36.5979	Disposed	39695	Indirect
2020-03-10	Common Stock	S	1900	$34.9536	Disposed	37795	Indirect
2020-03-10	Common Stock	S	2200	$35.7624	Disposed	35595	Indirect
2020-03-10	Common Stock	S	900	$36.6089	Disposed	34695	Indirect
2020-03-11	Common Stock	S	400	$35.1053	Disposed	34295	Indirect
2020-03-11	Common Stock	S	500	$35.953	Disposed	33795	Indirect
2020-03-11	Common Stock	S	100	$36.87	Disposed	33695	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	7279	Direct
Common Stock	8249990	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 $35.67 to $36.60. 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 $35.86 to $36.61. 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 $35.62 to $36.60. 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 $34.45 to $35.43. 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 $35.52 to $36.49. 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 $36.72 to $36.80. 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.

F8: The price reported is the weighted average price of multiple transactions ranging from $34.43 to $35.37. 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 $35.43 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.

F10: The price reported is the weighted average price of multiple transactions ranging from $36.43 to $36.77. 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.

F11: The price reported is the weighted average price of multiple transactions ranging from $34.43 to $35.37. 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.

F12: The price reported is the weighted average price of multiple transactions ranging from $36.43 to $36.76. 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.

F13: The price reported is the weighted average price of multiple transactions ranging from $34.60 to $35.60. 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.

F14: The price reported is the weighted average price of multiple transactions ranging from $35.63 to $36.22. 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.

F15: 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.

F16: 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.

F17: 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.

F18: 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.

F19: 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.

F20: 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.

F21: 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.

F22: 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.