SEC Form 4
FORM 4 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response: 0.5
  
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Brim Chastitie

(Last) (First) (Middle)
150 PEABODY PLACE

(Street)
MEMPHIS TN 38103

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
frontdoor, inc. [ FTDR ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
VP, Controller & CAO
3. Date of Earliest Transaction (Month/Day/Year)
02/18/2019
4. If Amendment, Date of Original Filed (Month/Day/Year)
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. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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 02/18/2019 M 304 A (1) 551 D
Common Stock 02/19/2019 S 123(2) D $28.4272 428 D
Common Stock 02/20/2019 M 368 A (1) 796 D
Common Stock 02/20/2019 S 146(2) D $29 650 D
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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 (Month/Day/Year) 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: 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
Restricted Stock Units (1) 02/18/2019 M 304 (3) (3) Common Stock 304 $0.00 609 D
Restricted Stock Units (1) 02/20/2019 M 368 (4) (4) Common Stock 368 $0.00 369 D
Restricted Stock Units (5) 03/29/2019 A 2,752 (5) (5) Common Stock 2,752 $0.00 2,752 D
Employee Stock Options (Right to Buy) $34.48 03/29/2019 A 5,565 (6) 03/29/2029 Common Stock 5,565 $0.00 5,565 D
Explanation of Responses:
1. Reflects restricted stock units that upon vesting converted into shares of common stock on a one-for-one basis.
2. Reflects shares sold to cover the Reporting Person's tax liability incident to the vesting of restricted stock units.
3. Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted February 18, 2018, and vest and settle in three equal installments on February 18, 2019, 2020 and 2021, subject to continued employment with the Company.
4. Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted February 20, 2017, and vest and settle in three equal installments on February 20, 2018, 2019 and 2020, subject to continued employment with the Company.
5. Each unit is the economic equivalent of one share of the Company's stock. The restricted stock units were granted on March 29, 2019 and will vest and settle in three equal installments on March 29, 2020, 2021 and 2022, subject to continued employment with the Company.
6. Non-qualified stock options granted on March 29, 2019 will vest 25% on March 29, 2020, and thereafter vest 6.25% quarterly over the next three years on the quarterly anniversary of the grant date, such that all options will have vested on March 29, 2023, subject to continued employment with the Company.
Remarks:
/s/ Jeffrey A. Fiarman, as Attorney-In-Fact for Chastitie Brim 04/02/2019
** 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 Number.