Tucker David E 4
4 · PHH CORP · Filed Jun 8, 2012
Insider Transaction Report
Form 4
PHH CORPPHH
Tucker David E
EVP, Mortgage
Transactions
- Award
Employee Stock Options (right to buy)
2012-06-06+151,331→ 151,331 totalExercise: $16.34From: 2015-06-06Exp: 2022-06-06→ Common Stock (151,331 underlying) - Award
Performance RSUs
2012-06-06+76,499→ 76,499 totalExp: 2015-06-06→ Common Stock (76,499 underlying)
Footnotes (2)
- [F1]Represents an award of non-qualified stock options that fully vest on June 6, 2015, subject to Mr. Tucker's continued employment with PHH Corporation.
- [F2]Each Performance RSU represents a contingent right to receive one share of PHH Corporation common stock upon vesting. The Performance RSUs will vest on June 6, 2015, if the average of PHH Corporation's common stock price for the 90-day period prior to and including June 6, 2015, equals or exceeds $30.00 per share, subject to equitable adjustment upon the occurrence of certain events. One-third of the Performance RSUs will vest on June 6, 2015, if the average of PHH Corporation's common stock price for the 90-day period prior to and including June 6, 2015, equals or exceeds $25.00 per share and is less than $30.00 per share, subject to equitable adjustment upon the occurrence of certain events. None of the Performance RSUs will vest if the average of PHH Corporation's common stock price for the 90-day period prior to and including June 6, 2015, is less than $25.00 per share, subject to equitable adjustment upon the occurrence of certain events.