Filing Details

Accession Number:
0001127602-18-014108
Form Type:
4
Zero Holdings:
No
Publication Time:
2018-04-04 17:37:11
Reporting Period:
2018-04-02
Accepted Time:
2018-04-04 17:37:11
SEC Url:
Form 4 Filing
Issuer
Cik Name Symbol Sector (SIC) IRS No
1568669 Pennymac Financial Services Inc. PFSI () 4
Insiders
Cik Name Reported Address Insider Title Director Officer Large Shareholder Other
1486360 Vandad Fartaj C/O Pennymac Financial Services, Inc.
3043 Townsgate Road
Westlake Village CA 91361
Chief Capital Markets Officer No Yes No No
Reported Non-Derivative Transactions
Sec. Name Acquisiton - Disposition Date Amount Price Remaning Holdings Equity Swap Involved Form Type Code Nature of Ownership Explanation
Class A Common Stock Acquisiton 2018-04-02 30,372 $0.00 53,771 No 4 M Direct
Class A Common Stock Disposition 2018-04-03 616 $22.50 53,155 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 M Direct
No 4 S Direct
Reported Derivative Transactions
Sec. Name Sec. Type Acquisiton - Disposition Date Amount Price Amount - 2 Price - 2
Class A Common Stock Performance-Based Restricted Stock Units Acquisiton 2018-04-02 30,372 $0.00 30,372 $0.00
Class A Common Stock Performance-Based Restricted Stock Units Disposition 2018-04-02 30,372 $0.00 30,372 $0.00
Remaning Holdings Exercise Date Expiration Date Equity Swap Involved Transaction Form Type Transaction Code Nature of Ownership
30,372 No 4 A Direct
0 No 4 M Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC $0.00 845,254 845,254 Indirect
Class A Common Stock Nonstatutory Stock Option (Right to Buy) $21.03 2014-06-13 2023-06-12 15,882 15,882 Direct
Class A Common Stock Nonstatutory Stock Option (Right to Buy) $17.26 2015-02-26 2024-02-25 28,216 28,216 Direct
Class A Common Stock Nonstatutory Stock Option (Right to Buy) $17.52 2016-03-03 2025-03-02 23,829 23,829 Direct
Class A Common Stock Nonstatutory Stock Option (Right to Buy) $11.28 2017-03-07 2026-03-06 27,771 27,771 Direct
Class A Common Stock Nonstatutory Stock Option (Right to Buy) $18.05 2018-03-06 2027-03-05 27,700 27,700 Direct
Class A Common Stock Nonstatutory Stock Option (Right to Buy) $24.40 2019-03-09 2028-03-08 21,174 21,174 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
845,254 845,254 Indirect
2023-06-12 15,882 15,882 Direct
2024-02-25 28,216 28,216 Direct
2025-03-02 23,829 23,829 Direct
2026-03-06 27,771 27,771 Direct
2027-03-05 27,700 27,700 Direct
2028-03-08 21,174 21,174 Direct
Footnotes
  1. This performance-based restricted stock unit (PSU) award was granted to the Reporting Person on March 3, 2015 and vested on April 2, 2018, as determined by the Compensation Committee of the Board of Directors. The payout of shares of Class A Common Stock pursuant to the PSU award was determined based on the Issuer's earnings per share (EPS) of $9.14, return on equity (ROE) of 25% and individual effectiveness of the Reporting Person for the period January 1, 2015 through December 31, 2017, as measured against the target performance goals set by the Compensation Committee at the time of grant. The payout percentages for the PSU award based on target achievement was 120% for EPS and 92.43% for ROE.
  2. The reported amount consists of 15,856 restricted stock units and 37,915 shares of Class A Common Stock. The restricted stock units are to be settled in an equal number of shares of Class A Common Stock upon vesting.
  3. These shares of Class A Common Stock were sold pursuant to a 10b5-1 plan.
  4. The reported amount consists of 15,856 restricted stock units and 37,299 shares of Class A Common Stock. The restricted stock units are to be settled in an equal number of shares of Class A Common Stock upon vesting.
  5. Pursuant to the terms of an exchange agreement, Class A Units of Private National Mortgage Acceptance Company, LLC are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis, subject to customary conversion rate adjustments.
  6. This nonstatutory stock option to purchase 15,882 shares of Class A 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.
  7. This nonstatutory stock option to purchase 28,216 shares of Class A 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.
  8. This nonstatutory stock option to purchase 23,829 shares of Class A 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.
  9. This nonstatutory stock option to purchase 27,771 shares of Class A 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.
  10. This nonstatutory stock option to purchase 27,700 shares of Class A 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.
  11. This nonstatutory stock option to purchase 21,174 shares of Class A 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.