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

Feb 28, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PennyMac Financial Services, Inc. (PFSI)
CIK: 0001745916
Period of Report: 2020-02-26

Reporting Person: KURLAND STANFORD L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-26	Common Stock	A	7279	—	Acquired	7279	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	64695	Indirect
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: The Reporting Person was granted restricted stock units in connection with his service as a Director pursuant to the terms of an employment agreement dated December 28, 2018 among the Reporting Person, Private National Mortgage Acceptance Company, LLC and the Issuer. The restricted stock units, which will vest in full on the first anniversary of the grant date, are to be settled in an equal number of shares of Common Stock upon vesting.

F2: The reported amount consists of 7,279 restricted stock units. The restricted stock units are to be settled in an equal amount of shares of Common Stock upon vesting.

F3: 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.

F4: 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.

F5: 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.

F6: 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.

F7: 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.

F8: 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.

F9: 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.