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

Feb 13, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: PennyMac Financial Services, Inc. (PFSI)
CIK: 0001745916
Period of Report: 2020-02-10

Reporting Person: KURLAND STANFORD L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-10	Common Stock	S	5300	$38.1695	Disposed	8309690	Indirect
2020-02-10	Common Stock	S	200	$39.005	Disposed	8309490	Indirect
2020-02-10	Common Stock	S	7600	$38.1739	Disposed	8301890	Indirect
2020-02-10	Common Stock	S	400	$39.1225	Disposed	8301490	Indirect
2020-02-10	Common Stock	S	1500	$38.1761	Disposed	8299990	Indirect
2020-02-11	Common Stock	S	8000	$37.9883	Disposed	8291990	Indirect
2020-02-11	Common Stock	S	5500	$37.9891	Disposed	8286490	Indirect
2020-02-11	Common Stock	S	1500	$37.9884	Disposed	8284990	Indirect
2020-02-12	Common Stock	S	1800	$37.6302	Disposed	8283190	Indirect
2020-02-12	Common Stock	S	700	$38.27	Disposed	8282490	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	64695	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 $37.92 to $38.83. 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 $38.98 to $39.03. 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 $37.87 to $38.82. 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 $38.98 to $39.49. 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.

F6: The price reported is the weighted average price of multiple transactions ranging from $37.95 to $38.82. 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 $37.56 to $38.335. 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 $37.755 to $38.335. 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 $37.755 to $38.33. 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 $37.14 to $38.04. 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 $38.19 to $38.42. 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.

F12: 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.

F13: 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.

F14: 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.

F15: 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.

F16: 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.

F17: 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.

F18: 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.