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
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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*
STRAUS DAVID H

(Last) (First) (Middle)
601 UNION STREET, SUITE 2000

(Street)
SEATTLE WA 98101

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
HomeStreet, Inc. [ HMST ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
X Officer (give title below) Other (specify below)
Sr EVP, Comm'l Banking Dir.
3. Date of Earliest Transaction (Month/Day/Year)
11/01/2018
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 11/01/2018 M 1,817 A $0(1) 17,298 D
Common Stock 11/02/2018 A 442(2) D $27.01(3) 16,856 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 (4) 11/01/2018 M 1,817 (5) (5) Common Stock 1,817 $0 0(6) D
Explanation of Responses:
1. Pursuant to the award agreements covering Mr. Straus's Restricted Stock Units ("RSUs"), he received 1,817 shares of common stock upon his retirement from HomeStreet Bank (the "Company") on November 1, 2018 due to the prorated vestings of RSUs granted on January 28, 2016, January 26, 2017 and January 29, 2018 as further described below.
2. Shares sold to cover reporting person's tax liability in connection with the prorated vesting of RSUs upon his retirement from the Company.
3. The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $26.89 to $27.08, inclusive. The reporting person undertakes to provide to the Company, any security holder of the Company, 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 ranges set forth in this footnote.
4. Each RSU represents a contingent right to receive one share of HomeStreet common stock. RSUs do not require the holder to pay any consideration on vesting.
5. Pursuant to the terms of the applicable award agreements, the reporting person received a prorated portion of RSUs at retirement from the Company. The prorated vesting of each outstanding RSU was as follows: 733 RSUs from an award granted on January 28, 2016, 565 RSUs from an award granted on January 26, 2017 and 519 RSUs from an award granted on January 29, 2018.
6. Upon reporting person's retirement from the Company, the remaining 2,739 unvested RSUs granted to the reporting person pursuant to such awards were cancelled.
Remarks:
/s/ Donna M. Cochener, Attorney in fact for David H. Straus 11/02/2018
** 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).
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