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*
Schultz Edward

(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)
EVP, Dir. of Comm'l Banking
3. Date of Earliest Transaction (Month/Day/Year)
11/01/2020
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 11/01/2020 M 1,158 A $0(1) 10,080 D
Common Stock 11/01/2020 F 282 D $31.07 9,798 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 (2) 11/01/2020 M 1,158 (3) (3) Common Stock 1,158 $0 5,765(4) D
Explanation of Responses:
1. Common stock acquired upon vesting of Restricted Stock Units ("RSUs") granted on November 1, 2017.
2. 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.
3. On November 1, 2017, the reporting person was granted 3,474 RSUs, which vested incrementally in equal amounts on November 1, 2018, November 1, 2019, and November 1, 2020, respectively. Upon vesting, the reporting person received a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.
4. The reporting person's remaining RSUs include 744 RSUs granted on January 29, 2018, which were scheduled to vest on January 29, 2021, 1,736 RSUs granted on March 28, 2019, which were scheduled to vest in equal amounts on March 28, 2021 and March 28, 2022, respectively, and 3,285 RSUs granted on March 28, 2020 that were scheduled to vest incrementally in equal amounts on March 28, 2021, March 28, 2022 and March 28, 2023, respectively. The reporting person resigned from the Company effective November 2, 2020, at which time all remaining RSUs were forfeited.
Remarks:
/s/ Donna M. Cochener, Attorney in fact for Edward Schultz 11/03/2020
** 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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