4//SEC Filing
PHH CORP 4
Accession 0001209191-15-046084
CIK 0000077776operating
Filed
May 21, 8:00 PM ET
Accepted
May 22, 4:01 PM ET
Size
6.0 KB
Accession
0001209191-15-046084
Insider Transaction Report
Form 4
PHH CORPPHH
Ruggieri Kathryn M
SVP and Chief HR Officer
Transactions
- Disposition to Issuer
Common Stock
2015-05-21$27.53/sh−12,006$330,525→ 25,193 total
Footnotes (2)
- [F1]As reported in the Form 4 filed on August 18, 2014, previously reported shares of common stock underlying unvested restricted stock units ("RSUs") became subject to settlement solely in cash because of a change in control in accordance with the terms of the award. Settlement of any unvested portion of the RSUs occurs 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 vested and settled in cash on May 21, 2015, and 60% of such RSUs are scheduled to vest and settle in cash on November 21, 2016. The cash amount payable upon settlement of the 12,006 RSUs is $330,525.18.
- [F2]Includes 25,193 shares of PHH Corporation common stock underlying unvested RSUs. Each RSU represents the right to receive one share or the fair market value of one share of common stock upon vesting.
Documents
Issuer
PHH CORP
CIK 0000077776
Entity typeoperating
IncorporatedMD
Related Parties
1- filerCIK 0000077776
Filing Metadata
- Form type
- 4
- Filed
- May 21, 8:00 PM ET
- Accepted
- May 22, 4:01 PM ET
- Size
- 6.0 KB