X0306 4 2014-09-23 0 0000077776 PHH CORP PHH 0001614979 Kaplan Leith W C/O PHH CORPORATION, 3000 LEADENHALL ROAD MT. LAUREL NJ 08054 0 1 0 0 SVP & Chief Risk & Compl. Ofc Common Stock 2014-09-23 4 A 0 21800 0.00 A 22575 D Represents shares of common stock underlying unvested restricted stock units ("RSUs"). Each RSU represents the right to receive one share of PHH Corporation common stock upon vesting. Subject to the continued employment of the recipient with PHH Corporation through the applicable vesting dates, 25% of such RSUs are scheduled to vest on September 23, 2015, 35% of such RSUs are scheduled to vest on September 23, 2016, and 40% of such RSUs are scheduled to vest on September 23, 2017. Includes 21,800 shares of common stock underlying unvested RSUs. Each RSU represents the right to receive one share of common stock upon vesting. William F. Brown, Attorney-in-Fact 2014-09-25