0001127602-18-014953.txt : 20180419
0001127602-18-014953.hdr.sgml : 20180419
20180419140642
ACCESSION NUMBER: 0001127602-18-014953
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180417
FILED AS OF DATE: 20180419
DATE AS OF CHANGE: 20180419
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: KURLAND STANFORD L
CENTRAL INDEX KEY: 0001181595
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35916
FILM NUMBER: 18763295
MAIL ADDRESS:
STREET 1: C/O PENNYMAC, 6101 CONDOR DRIVE
STREET 2: UPPER LEVEL
CITY: MOORPARK
STATE: CA
ZIP: 93021
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PENNYMAC FINANCIAL SERVICES, INC.
CENTRAL INDEX KEY: 0001568669
STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
IRS NUMBER: 800882793
STATE OF INCORPORATION: DE
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3043 TOWNSGATE ROAD
CITY: WESTLAKE VILLAGE
STATE: CA
ZIP: 91361
BUSINESS PHONE: (818) 224-7442
MAIL ADDRESS:
STREET 1: 3043 TOWNSGATE ROAD
CITY: WESTLAKE VILLAGE
STATE: CA
ZIP: 91361
4
1
form4.xml
PRIMARY DOCUMENT
X0306
4
2018-04-17
0001568669
PENNYMAC FINANCIAL SERVICES, INC.
PFSI
0001181595
KURLAND STANFORD L
C/O PENNYMAC FINANCIAL SERVICES, INC.
3043 TOWNSGATE ROAD
WESTLAKE VILLAGE
CA
91361
1
1
Executive Chairman
Class A Common Stock
2018-04-17
4
S
0
4164
21.4306
D
51137
D
Class A Common Stock
2018-04-18
4
S
0
5500
21.2168
D
45637
D
Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC
Class A Common Stock
284348
284348
D
Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC
Class A Common Stock
8314990
8314990
I
Kurland Family Investments, LLC
Nonstatutory Stock Option (Right to Buy)
21.03
2014-06-13
2023-06-12
Class A Common Stock
107656
107656
D
Nonstatutory Stock Option (Right to Buy)
17.26
2015-02-26
2024-02-25
Class A Common Stock
191098
191098
D
Nonstatutory Stock Option (Right to Buy)
17.52
2016-03-03
2025-03-02
Class A Common Stock
161529
161529
D
Nonstatutory Stock Option (Right to Buy)
11.28
2017-03-07
2026-03-06
Class A Common Stock
188086
188086
D
Nonstatutory Stock Option (Right to Buy)
18.05
2018-03-06
2027-03-05
Class A Common Stock
138504
138504
D
Nonstatutory Stock Option (Right to Buy)
24.40
2019-03-09
2028-03-08
Class A Common Stock
102459
102459
D
These shares of Class A Common Stock were sold pursuant to a 10b5-1 plan.
The price reported is the weighted average price of multiple transactions ranging from $21.25 to $21.65. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Class A Common Stock and the prices at which the transactions were effected.
The price reported is the weighted average price of multiple transactions ranging from $21.10 to $21.45. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Class A Common Stock and the prices at which the transactions were effected.
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 PennyMac Financial Services, Inc. on a one-for-one basis, subject to customary conversion rate adjustments, from and after the closing of PennyMac Financial Services, Inc.'s initial public offering.
These securities are held by Kurland Family Investments, LLC, of which Mr. Kurland is the sole manager. Mr. Kurland disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
This nonstatutory stock option to purchase 107,656 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.
This nonstatutory stock option to purchase 191,098 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.
This nonstatutory stock option to purchase 161,529 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 continued service through each date.
This nonstatutory stock option to purchase 188,086 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.
This nonstatutory stock option to purchase 138,504 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.
This nonstatutory stock option to purchase 102,459 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.
/s/ Derek W. Stark, attorney-in-fact for Mr. Kurland
2018-04-19