X0306 4 2015-05-18 0 0000077776 PHH CORP PHH 0001467280 Parseghian Gregory J C/O PHH CORPORATION 3000 LEADENHALL ROAD MT. LAUREL NJ 08054 1 0 0 0 Common Stock 2015-05-18 4 S 0 5000 27.0888 D 20051 D Shares reported in Column 4 were sold to meet certain estimated tax obligations payable in connection with the director compensation of the reporting person. The price reported in Column 4 is a weighted average price. These shares were sold in multiple transactions at prices ranging from $27.0300 to $27.1500, inclusive. The reporting person undertakes to provide to PHH Corporation, any security holder of PHH Corporation, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the range. All shares reported in Column 5 are subject to the PHH Corporation Non-Employee Director and Employee Share Ownership and Retention Policy. William F. Brown, Attorney-in-Fact 2015-05-20