X0202 3 2005-03-07 0 0000077776 PHH CORP PHH 0001320872 Orner Michael 3000 LEADENHALL ROAD MT. LAUREL NJ 08054 0 1 0 0 Vice President and Controller Non-Qualified Stock Option (right to buy) 21.46 2009-03-07 2015-03-07 Common Stock 9267 D /s/ William F. Brown, Attorney-in-fact 2005-03-17