Ruggieri Kathryn M 4
4 · PHH CORP · Filed Apr 2, 2013
Insider Transaction Report
Form 4
PHH CORPPHH
Ruggieri Kathryn M
SVP and Chief HR Officer
Transactions
- Award
Employee Stock Options (right to buy)
2013-03-29+11,357→ 11,357 totalExercise: $21.96From: 2016-03-29Exp: 2023-03-29→ Common Stock (11,357 underlying) - Award
Performance RSUs
2013-03-29+5,828→ 5,828 totalExp: 2016-03-28→ Common Stock (5,828 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 March 28, 2016, if the average of PHH Corporation's common stock price for the 90-day period prior to and including March 28, 2016, 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 March 28, 2016, if the average of PHH Corporation's common stock price for the 90-day period prior to and including March 28, 2016, 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 March 28, 2016, is less than $25.00 per share, subject to equitable adjustment upon the occurrence of certain events.