Statement of Changes in Beneficial Ownership (4)
October 21 2019 - 6:49PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
KURLAND STANFORD L |
2. Issuer Name and Ticker or Trading Symbol
PennyMac Financial Services, Inc.
[
PFSI
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Executive Chairman
|
(Last)
(First)
(Middle)
C/O PENNYMAC FINANCIAL SERVICES, INC., 3043 TOWNSGATE ROAD |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/17/2019
|
(Street)
WESTLAKE VILLAGE, CA 91361
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
|
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
|
1.Title of Security (Instr. 3)
|
2. Trans. Date
|
2A. Deemed Execution Date, if any
|
3. Trans. Code (Instr. 8)
|
4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
|
5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
|
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
|
7. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
Amount
|
(A) or (D)
|
Price
|
Common Stock
|
10/17/2019
|
|
S
|
|
15000 (1)
|
D
|
$32.2546 (2)
|
255695
|
I
|
1998 Kurland Revocable Trust Dtd 1/14/98
|
Common Stock
|
10/18/2019
|
|
S
|
|
15000 (1)
|
D
|
$32.7413 (3)
|
240695
|
I
|
1998 Kurland Revocable Trust Dtd 1/14/98
|
Common Stock
|
10/21/2019
|
|
S
|
|
15000 (1)
|
D
|
$33.1829 (4)
|
225695
|
I
|
1998 Kurland Revocable Trust Dtd 1/14/98
|
Common Stock
|
|
|
|
|
|
|
|
8314990
|
I
|
Kurland Family Investments, LLC
|
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
|
1. Title of Derivate Security (Instr. 3)
|
2. Conversion or Exercise Price of Derivative Security
|
3. Trans. Date
|
3A. Deemed Execution Date, if any
|
4. Trans. Code (Instr. 8)
|
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
|
6. Date Exercisable and Expiration Date
|
7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)
|
8. Price of Derivative Security (Instr. 5)
|
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)
|
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)
|
11. Nature of Indirect Beneficial Ownership (Instr. 4)
|
Code
|
V
|
(A)
|
(D)
|
Date Exercisable
|
Expiration Date
|
Title
|
Amount or Number of Shares
|
Nonstatutory Stock Option (Right to Buy)
|
$21.03
|
|
|
|
|
|
|
6/13/2014
|
6/12/2023
|
Common Stock
|
107656 (5)
|
|
107656
|
D
|
|
Nonstatutory Stock Option (Right to Buy)
|
$17.26
|
|
|
|
|
|
|
2/26/2015
|
2/25/2024
|
Common Stock
|
191098 (6)
|
|
191098
|
D
|
|
Nonstatutory Stock Option (Right to Buy)
|
$17.52
|
|
|
|
|
|
|
3/3/2016
|
3/2/2025
|
Common Stock
|
161529 (7)
|
|
161529
|
D
|
|
Nonstatutory Stock Option (Right to Buy)
|
$11.28
|
|
|
|
|
|
|
3/7/2017
|
3/6/2026
|
Common Stock
|
188086 (8)
|
|
188086
|
D
|
|
Nonstatutory Stock Option (Right to Buy)
|
$18.05
|
|
|
|
|
|
|
3/6/2018
|
3/5/2027
|
Common Stock
|
138504 (9)
|
|
138504
|
D
|
|
Nonstatutory Stock Option (Right to Buy)
|
$24.40
|
|
|
|
|
|
|
3/9/2019
|
3/8/2028
|
Common Stock
|
102459 (10)
|
|
102459
|
D
|
|
Nonstatutory Stock Option (Right to Buy)
|
$22.92
|
|
|
|
|
|
|
3/15/2020
|
3/14/2029
|
Common Stock
|
107849 (11)
|
|
107849
|
D
|
|
Explanation of Responses:
|
(1)
|
These shares of Common Stock were sold pursuant to a 10b5-1 plan.
|
(2)
|
The price reported is the weighted average price of multiple transactions ranging from $31.97 to $32.48. 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.
|
(3)
|
The price reported is the weighted average price of multiple transactions ranging from $32.44 to $32.925. 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.
|
(4)
|
The price reported is the weighted average price of multiple transactions ranging from $32.96 to $33.34. 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.
|
(5)
|
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.
|
(6)
|
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.
|
(7)
|
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.
|
(8)
|
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.
|
(9)
|
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.
|
(10)
|
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.
|
(11)
|
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.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
KURLAND STANFORD L C/O PENNYMAC FINANCIAL SERVICES, INC. 3043 TOWNSGATE ROAD WESTLAKE VILLAGE, CA 91361
|
X
|
|
Executive Chairman
|
|
Signatures
|
/s/ Kisha Parker, attorney-in-fact for Mr. Kurland
|
|
10/21/2019
|
**Signature of Reporting Person
|
Date
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
|
*
|
If the form is filed by more than one reporting person, see Instruction 4(b)(v).
|
**
|
Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
|
Note:
|
File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
|
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
|
PennyMac Financial Servi... (NYSE:PFSI)
Historical Stock Chart
From Mar 2024 to Apr 2024
PennyMac Financial Servi... (NYSE:PFSI)
Historical Stock Chart
From Apr 2023 to Apr 2024
See More Message Board Posts
It looks like you are not logged in. Click the button below to log in and keep track of your recent history.