0001209191-14-052818.txt : 20140815
0001209191-14-052818.hdr.sgml : 20140815
20140815190153
ACCESSION NUMBER: 0001209191-14-052818
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140723
FILED AS OF DATE: 20140815
DATE AS OF CHANGE: 20140815
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: PHH CORP
CENTRAL INDEX KEY: 0000077776
STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159]
IRS NUMBER: 520551284
STATE OF INCORPORATION: MD
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 3000 LEADENHALL ROAD
CITY: MT. LAUREL
STATE: NJ
ZIP: 08054
BUSINESS PHONE: 856-917-1744
MAIL ADDRESS:
STREET 1: 3000 LEADENHALL ROAD
CITY: MT. LAUREL
STATE: NJ
ZIP: 08054
FORMER COMPANY:
FORMER CONFORMED NAME: PHH GROUP INC
DATE OF NAME CHANGE: 19880913
FORMER COMPANY:
FORMER CONFORMED NAME: PETERSON HOWELL & HEATHER INC
DATE OF NAME CHANGE: 19790121
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Messina Glen A.
CENTRAL INDEX KEY: 0001525371
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-07797
FILM NUMBER: 141047691
MAIL ADDRESS:
STREET 1: 3000 LEADENHALL ROAD
CITY: MOUNT LAUREL
STATE: NJ
ZIP: 08054
4
1
doc4.xml
FORM 4 SUBMISSION
X0306
4
2014-07-23
0
0000077776
PHH CORP
PHH
0001525371
Messina Glen A.
C/O PHH CORPORATION
3000 LEADENHALL ROAD
MOUNT LAUREL
NJ
08054
1
1
0
0
President and CEO
Common Stock
2014-07-23
4
D
0
53602
D
38556
D
Common Stock
2014-08-13
4
M
0
37365
20.00
A
75921
D
Common Stock
2014-08-13
4
S
0
34756
23.2773
D
41165
D
Common Stock
2014-08-13
4
M
0
5612
20.00
A
46777
D
Common Stock
2014-08-13
4
S
0
5206
23.4916
D
41571
D
Common Stock
2014-08-13
4
M
0
21555
20.00
A
63126
D
Common Stock
2014-08-13
4
S
0
20000
23.3995
D
43126
D
Common Stock
2014-08-13
4
M
0
16978
18.53
A
60104
D
Common Stock
2014-08-13
4
S
0
15244
23.2773
D
44860
D
Common Stock
2014-08-13
4
M
0
55840
18.53
A
100700
D
Common Stock
2014-08-13
4
S
0
50000
23.4168
D
50700
D
Non-Qualified Stock Options (right to buy)
18.53
2014-08-13
4
M
0
16978
0.00
D
2021-07-28
Common Stock
16978
55840
D
Non-Qualified Stock Options (right to buy)
18.53
2014-08-13
4
M
0
55840
0.00
D
2021-07-28
Common Stock
55840
0
D
Employee Stock Options (right to buy)
20.00
2014-08-13
4
M
0
37365
0.00
D
2013-12-31
2021-11-14
Common Stock
37365
27167
D
Employee Stock Options (right to buy)
20.00
2014-08-13
4
M
0
5612
0.00
D
2013-12-31
2021-11-14
Common Stock
5612
21555
D
Employee Stock Options (right to buy)
20.00
2014-08-13
4
M
0
21555
0.00
D
2013-12-31
2021-11-14
Common Stock
21555
0
D
Previously reported shares of common stock underlying unvested restricted stock units ("RSUs") have become subject to settlement solely in cash in accordance with the terms of the award. Settlement of any unvested portion of the RSUs will occur upon the earlier of (a) the reporting person's termination of employment (i) by PHH Corporation or its affiliates without cause (as defined under the terms of the award), (ii) due to the reporting person's resignation for good reason (as defined in the award), or (iii) due to the reporting person's retirement (as defined in the award), or (b) the applicable vesting dates of the underlying RSUs, in which case, 40% of the RSUs are scheduled to vest and settle in cash on May 27, 2015, and 60% of such RSUs are scheduled to vest and settle in cash on November 27, 2016.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.1900 to $23.4950, inclusive. The reporting person undertakes to provide to PHH Corporation, any security holder of PHH Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.4700 to $23.5000, inclusive. The reporting person undertakes to provide to PHH Corporation, any security holder of PHH Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.2800 to $23.4700, inclusive. The reporting person undertakes to provide to PHH Corporation, any security holder of PHH Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.1900 to $23.4950, inclusive. The reporting person undertakes to provide to PHH Corporation, any security holder of PHH Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $23.3500 to $23.5550, inclusive. The reporting person undertakes to provide to PHH Corporation, any security holder of PHH Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range.
61,667 stock options vested and became exercisable on July 28, 2012, 61,667 stock options vested and became exercisable on July 28, 2013, and 61,666 stock options vested and became exercisable on July 28, 2014; in each case, vesting and ability to exercise was subject to Mr. Messina's continued employment with PHH Corporation.
William F. Brown, Attorney-in-Fact
2014-08-15