X0202 4 2005-03-31 0 0000077776 PHH CORP PHH 0001312913 Krongard A B 1400 WEST SEMINARY AVE. LUTHERVILLE MD 21093 1 0 0 0 Common Stock 2005-03-31 4 A 0 4055 0.00 A 4055 D Board of Directors' fees granted in restricted stock units. Each restricted stock unit represents the right to receive one share of Common Stock, 507 of which shall be paid 200 days after cessation of service on the Board of Directors and 3,548 of which shall be paid 1 year after cessation of service on the Board of Directors. /s/ Terence Edwards, attorney-in-fact for A.B. Krongard 2005-04-04