X0202 4 2005-06-28 0 0000077776 PHH CORP PHH 0001312887 Cashen Neil J 3000 LEADENHALL ROAD MT. LAUREL NJ 08054 0 1 0 0 Executive VP and CFO Common Stock 2005-06-28 4 A 0 6378 0.00 A 44023 D Common Stock 144 I By 401(k) Plan Non-Qualified Stock Option (right to buy) 24.99 2005-06-28 4 A 0 13874 0.00 A 2015-06-28 Common Stock 13874 142030 D Represents an award of restricted stock units that vests annually in three equal installments beginning on June 28, 2009, subject to potential acceleration of vesting of the total award in 25% increments upon the achievement of financial performance targets for each of the four fiscal years ending prior to June 28, 2009. Stock option vests annually in three equal installments beginning on June 28, 2009, subject to potential acceleration of vesting of the total award in 25% increments upon the achievement of financial performance targets for each of the four fiscal years ending prior to June 28, 2009. /s/ William F. Brown, Attorney-in-fact 2005-06-29