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

Mar 11, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PennyMac Financial Services, Inc. (PFSI)
CIK: 0001745916
Period of Report: 2020-03-06

Reporting Person: Walker David M (Chief Risk Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-06	Common Stock	F	850	$37.42	Disposed	44833	Direct
2020-03-09	Common Stock	F	587	$37.50	Disposed	44246	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	423085	Indirect

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 (17313)	17313	Direct
Nonstatutory Stock Option (Right to Buy)	$24.40	2028-03-08	Common Stock (13233)	13233	Direct
Nonstatutory Stock Option (Right to Buy)	$22.92	2029-03-14	Common Stock (13879)	13879	Direct
Nonstatutory Stock Option (Right to Buy)	$35.03	2030-02-25	Common Stock (13863)	13863	Direct

Footnotes

F1: Represents shares withheld for taxes upon vesting of restricted stock units.

F2: The reported amount consists of 12,826 restricted stock units and 32,007 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 11,062 restricted stock units and 33,184 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

F4: 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.

F5: 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.

F6: 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.

F7: 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.

F8: This nonstatutory stock option to purchase 17,313 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.

F9: This nonstatutory stock option to purchase 13,233 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.

F10: This nonstatutory stock option to purchase 13,879 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.

F11: This nonstatutory stock option to purchase 13,863 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.