PHH CORP 4/A
4/A · PHH CORP · Filed Aug 18, 2014
Insider Transaction Report
Form 4/AAmended
PHH CORPPHH
Brown William F
SVP, GC and Secretary
Transactions
- Disposition to Issuer
Common Stock
2014-07-23−30,875→ 43,501 total
Footnotes (1)
- [F1]Previously reported shares of common stock underlying unvested restricted stock units ("RSUs") have become subject to settlement solely in cash in accordance with the terms of the award. Settlement of any unvested portion of the RSUs will occur upon the earlier of (a) the reporting person's termination of employment (i) by PHH Corporation or its affiliates without cause (as defined under the terms of the award), (ii) due to the reporting person's resignation for good reason (as defined in the award), or (iii) due to the reporting person's retirement (as defined in the award), or (b) the applicable vesting dates of the underlying RSUs, in which case, 40% of the RSUs are scheduled to vest and settle in cash on May 21, 2015, and 60% of such RSUs are scheduled to vest and settle in cash on November 21, 2016.