4//SEC Filing
PHH CORP 4
Accession 0001209191-15-056870
CIK 0000077776operating
Filed
Jun 25, 8:00 PM ET
Accepted
Jun 26, 5:18 PM ET
Size
9.9 KB
Accession
0001209191-15-056870
Insider Transaction Report
Form 4
PHH CORPPHH
CROWL ROBERT B
EVP & CFO
Transactions
- Exercise/Conversion
Performance RSUs
2015-06-24−4,079→ 0 totalExp: 2015-06-06→ Common Stock (4,079 underlying) - Exercise/Conversion
Common Stock
2015-06-24+4,079→ 108,890 total - Tax Payment
Common Stock
2015-06-24$26.96/sh−1,402$37,798→ 107,488 total
Footnotes (3)
- [F1]Each Performance Restricted Stock Unit ("PRSU") represented a contingent right to receive one share of PHH Corporation common stock upon PHH Corporation's Human Capital & Compensation Committee's (the "HC&CC") determination that the average of PHH Corporation's common stock price for the 90-day period prior to and including June 6, 2015 equaled or exceeded a targeted performance level in accordance with the terms of the Reporting Person's Performance Restricted Stock Unit award, as previously reported on Form 4 filed on June 8, 2012. On June 24, 2015, PHH Corporation's HC&CC certified its determination that the average of PHH Corporation's common stock price for the 90-day period prior to and including June 6, 2015 equaled or exceeded $25.00 per share, but was less than $30.00 per share, such that one-third of the PRSU's vested in accordance with the terms of the Reporting Person's Performance Restricted Stock Unit award.
- [F2]Represents shares withheld to pay taxes on vested Performance Restricted Stock Units.
- [F3]Includes 101,647 shares of PHH Corporation common stock underlying unvested restricted stock units. Each restricted stock unit 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
- Jun 25, 8:00 PM ET
- Accepted
- Jun 26, 5:18 PM ET
- Size
- 9.9 KB