PENNYMAC FINANCIAL SERVICES, INC.
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(Name of Issuer)
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Class A Common Stock
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(Title of Class of Securities)
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70932B101
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(CUSIP Number)
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December 31, 2018
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(Date of Event Which Requires Filing of this Statement)
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CUSIP No.
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70932B101
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Page 2 of 5
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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LEON G. COOPERMAN
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☒
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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1,174,039
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6
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SHARED VOTING POWER
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0
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7
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SOLE DISPOSITIVE POWER
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1,174,039
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8
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SHARED DISPOSITIVE POWER
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0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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1,174,039
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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1.52 %
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12
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TYPE OF REPORTING PERSON
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IN
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CUSIP No.
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70932B101
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Page 3 of 5
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Item 1(a). |
Name of Issuer:
PENNYMAC FINANCIAL SERVICES, INC.
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Item 1(b). |
Address of Issuer's Principal Executive Offices:
3043 Townsgate Road
Westlake Village, CA 91361
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Item 2(a). |
Name of Person Filing:
This statement is filed on behalf of Leon G. Cooperman (“Mr. Cooperman”). Mr. Cooperman is in engaged in,
among other activities, investing for his own account.
Mr. Cooperman is the Managing Member of Omega Associates, L.L.C. (“Associates”), a limited liability company
organized under the laws of the State of Delaware. Associates is the general partner of limited partnerships organized under the laws of Delaware known as Omega Capital Partners, L.P. (“Capital LP”), Omega Capital Investors, L.P.
(“Investors LP”), and Omega Equity Investors, L.P. (“Equity LP”).
Mr. Cooperman is the ultimate controlling person of Associates, Capital LP, Investors LP, and Equity LP. The
principal business office of Associates, Capital LP, Investors LP, and Equity LP is 810 Seventh Avenue, 33rd floor, New York, New York 10019.
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Item 2(b). |
Address of Principal Business Office or, if none, Residence:
St. Andrew's Country Club, 7118 Melrose Castle Lane, Boca Raton, FL 33496. See Item 2(a) above for
Charitable.
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Item 2(c). |
Citizenship:
United States
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Item 2(d). |
Title of Class of Securities:
Class A Common Stock (the “Shares”)
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Item 2(e). |
CUSIP Number:
70932B101
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CUSIP No.
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70932B101
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Page 4 of 5
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Item 3. |
If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c);
This Item 3 is inapplicable.
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Item 4. |
Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities
of the Issuer identified in Item 1.
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(a)
(b)
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Amount beneficially owned and;
Percent of Class:
Mr. Cooperman may be deemed the beneficial owner of 1,174,039 Shares, which constitutes approximately 1.52 % of the total
number of Shares outstanding. This consists of 100,000 owned by Mr. Cooperman; 629,571 Shares owned by Capital LP; 138,268 Shares owned by Investors LP; and 306,200 Shares owned by Equity LP.
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(c) | Number of shares as to which the person has: |
(i) |
Sole power to vote or to direct the vote:
1,174,039
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(ii) |
Shared power to vote or to direct the vote:
0
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(iii) |
Sole power to dispose or to direct the disposition of:
1,174,039
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(iv) |
Shared power to dispose or to direct the disposition of:
0
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CUSIP No.
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70932B101
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Page 5 of 5
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Item 5. | Ownership of Five Percent or Less of a Class. |
Item 6. |
Ownership of More Than Five Percent on Behalf of Another Person.
This Item 6 is not applicable.
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the
Parent Holding Company or Control Person.
This Item 7 is not applicable.
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Item 8. |
Identification and Classification of Members of the Group.
This Item 8 is not applicable.
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Item 9. |
Notice of Dissolution of Group.
This Item 9 is not applicable.
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Item 10.
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Certification.
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LEON G. COOPERMAN
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By:
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/s/ Edward Levy
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Edward Levy
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Attorney-in-Fact
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