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: SPECTOR DAVID (Director, President & CEO)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-06	Common Stock	F	3194	$37.42	Disposed	1292547	Direct
2020-03-09	Common Stock	F	2441	$37.50	Disposed	1290106	Direct
2020-03-10	Common Stock	S	6040	$36.4151	Disposed	1284066	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	465604	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Nonstatutory Stock Option (Right to Buy)	$21.03	2023-06-12	Common Stock (40735)	40735	Direct
Nonstatutory Stock Option (Right to Buy)	$17.26	2024-02-25	Common Stock (72301)	72301	Direct
Nonstatutory Stock Option (Right to Buy)	$17.52	2025-03-02	Common Stock (61120)	61120	Direct
Nonstatutory Stock Option (Right to Buy)	$11.28	2026-03-06	Common Stock (71161)	71161	Direct
Nonstatutory Stock Option (Right to Buy)	$18.05	2027-03-05	Common Stock (69252)	69252	Direct
Nonstatutory Stock Option (Right to Buy)	$24.40	2028-03-08	Common Stock (52935)	52935	Direct
Nonstatutory Stock Option (Right to Buy)	$22.92	2029-03-14	Common Stock (55488)	55488	Direct
Nonstatutory Stock Option (Right to Buy)	$35.03	2030-02-25	Common Stock (59466)	59466	Direct

Footnotes

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

F2: The reported amount consists of 52,382 restricted stock units and 1,240,165 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 45,324 restricted stock units and 1,244,782 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 $36.33 to $36.59. 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 reported amount consists of 45,324 restricted stock units and 1,238,742 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

F7: This nonstatutory stock option to purchase 40,735 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.

F8: This nonstatutory stock option to purchase 72,301 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 61,120 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.

F10: This nonstatutory stock option to purchase 71,161 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.

F11: This nonstatutory stock option to purchase 69,252 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.

F12: This nonstatutory stock option to purchase 52,935 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.

F13: This nonstatutory stock option to purchase 55,488 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.

F14: This nonstatutory stock option to purchase 59,466 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.