0001033012-20-000076.txt : 20200814
0001033012-20-000076.hdr.sgml : 20200814
20200814160841
ACCESSION NUMBER: 0001033012-20-000076
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200812
FILED AS OF DATE: 20200814
DATE AS OF CHANGE: 20200814
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: DiNello Alessandro
CENTRAL INDEX KEY: 0001482776
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-16577
FILM NUMBER: 201105095
MAIL ADDRESS:
STREET 1: 5300 DEER RIDGE ROAD
CITY: JACKSON
STATE: MI
ZIP: 49201
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: FLAGSTAR BANCORP INC
CENTRAL INDEX KEY: 0001033012
STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTION, FEDERALLY CHARTERED [6035]
IRS NUMBER: 383150651
STATE OF INCORPORATION: MI
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5151 CORPORATE DRIVE
CITY: TROY
STATE: MI
ZIP: 48098-2639
BUSINESS PHONE: 248-312-2000
MAIL ADDRESS:
STREET 1: 5151 CORPORATE DRIVE
CITY: TROY
STATE: MI
ZIP: 48098-2639
4
1
wf-form4_159743563005085.xml
FORM 4
X0306
4
2020-08-12
0
0001033012
FLAGSTAR BANCORP INC
(NYSE:FBC)
0001482776
DiNello Alessandro
C/O FLAGSTAR BANCORP, INC.
5151 CORPORATE DRIVE
TROY
MI
48098
1
1
0
0
CEO and President
Flagstar Bancorp, Inc. Common Stock
2020-08-12
4
M
0
128571
0
A
447915.04
D
Flagstar Bancorp, Inc. Common Stock
2020-08-12
4
M
0
68182
0
A
516097.04
D
Flagstar Bancorp, Inc. Common Stock
2020-08-12
4
F
0
84275
0
D
431822.04
D
Restricted Stock Unit
2020-08-12
4
M
0
128571
0
D
Flagstar Bancorp, Inc. Common Stock
128571.0
0
D
Restricted Stock Units (TB32018)
2020-08-12
4
M
0
68182
0
D
Flagstar Bancorp, Inc. Common Stock
68182.0
0
D
These shares were surrendered to the issuer to cover the tax obligations on shares for which restrictions have lapsed (accelerated vestings).
Each restricted stock unit represents a contingent right to receive one share of Flagstar Bancorp, Inc. Common Stock.
The Restricted Stock Units will fully vest if, for one-hundred twenty consecutive days, the volume-weighted average price per share of Flagstar Bancorp common stock is $28.00 or more (the "Performance Hurdle"). The Performance Hurdle must be achieved within ten years of the grant date. The vested RSUs will pay out in five installments, subject to a "Quality Review," on the date the Performance Hurdle is attained and on each of the four subsequent annual payout dates. Vesting and payout may be adjusted upon certain triggering events, as more fully described in the Form 8-K filed by Flagstar Bancorp on October 26, 2015.
These Restricted Stock Units were granted on March 20, 2018, and will vest 25 percent each on the last business day of 2018, 2019, 2020 and 2021 calendar years.
/s/ Jan M Klym, By Power of Attorney of Mr. DiNello
2020-08-14