4//SEC Filing
PHH CORP 4
Accession 0001209191-14-061149
CIK 0000077776operating
Filed
Oct 1, 8:00 PM ET
Accepted
Oct 2, 5:34 PM ET
Size
6.0 KB
Accession
0001209191-14-061149
Insider Transaction Report
Form 4
PHH CORPPHH
Reif Deborah M
Director
Transactions
- Award
Common Stock
2014-09-30+1,777→ 39,605 total
Footnotes (3)
- [F1]Represents shares of common stock underlying vested restricted stock units ("RSUs"). Each RSU represents the right to receive one share of PHH Corporation common stock that will be issued one year after cessation of service on the Board of Directors (the "Board").
- [F2]As previously reported by PHH Corporation on a Current Report on Form 8-K filed with the U.S. Securities and Exchange Commission on September 5, 2014, the Board adopted a resolution to terminate the non-employee director compensation program pursuant to which these RSUs were granted, including the requirement that the common stock be issued one year after cessation of service on the Board. As a result, vested director RSUs accumulated for compensation through the third calendar quarter of 2014 will be accelerated and settled in shares of common stock during either the first day of the next quarterly open window that occurs following the action of the Board or no later than November 7, 2014.
- [F3]Includes 36,605 shares of common stock underlying vested RSUs. Each RSU represents the right to receive one share of common stock that will be issued one year after cessation of service on the Board.
Documents
Issuer
PHH CORP
CIK 0000077776
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000077776
Filing Metadata
- Form type
- 4
- Filed
- Oct 1, 8:00 PM ET
- Accepted
- Oct 2, 5:34 PM ET
- Size
- 6.0 KB