Bradfield Richard J. 4
4 · PHH CORP · Filed Oct 1, 2012
Insider Transaction Report
Form 4
PHH CORPPHH
Bradfield Richard J.
SVP and Treasurer
Transactions
- Award
Performance RSUs
2012-09-27+12,598→ 12,598 totalExp: 2015-09-26→ Common Stock (12,598 underlying) - Award
Employee Stock Options (right to buy)
2012-09-27+24,854→ 24,854 totalExercise: $20.30From: 2015-09-27Exp: 2022-09-27→ Common Stock (24,854 underlying)
Footnotes (1)
- [F1]Each Performance RSU represents a contingent right to receive one share of PHH Corporation common stock upon vesting. The Performance RSUs will vest on September 26, 2015, if the average of PHH Corporation's common stock price for the 90-day period prior to and including September 26, 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 September 26, 2015, if the average of PHH Corporation's common stock price for the 90-day period prior to and including September 26, 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 September 26, 2015, is less than $25.00 per share, subject to equitable adjustment upon the occurrence of certain events.