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: Grogin Jeffrey (Chief Enterprise Ops Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-26	Common Stock	A	4817	—	Acquired	19628	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-26	Nonstatutory Stock Option (Right to Buy)	$35.03	A	17824	Acquired	2030-02-25	Common Stock (17824)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	33193	Indirect
Common Stock	22129	Indirect
Common Stock	453655	Indirect
Common Stock	9025	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Nonstatutory Stock Option (Right to Buy)	$24.40	2028-03-08	Common Stock (17204)	17204	Direct
Nonstatutory Stock Option (Right to Buy)	$22.92	2029-03-14	Common Stock (18057)	18057	Direct
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

Footnotes

F1: The Reporting Person was granted restricted stock units, which will vest in three equal installments beginning on the first anniversary of the date of grant, are to be settled in an equal number of shares of Common Stock upon vesting.

F2: The reported amount consists of 19,628 restricted stock units. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.

F3: This nonstatutory stock option to purchase 17,824 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.

F4: 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 March 9, 2019, 2020 and 2021, subject to the Reporting Person's continued service through each date.

F5: This nonstatutory stock option to purchase 18,057 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.

F6: 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.

F7: 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.

F8: 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.

F9: 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.

F10: 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.