PHH CORP 4
4 · PHH CORP · Filed May 24, 2016
Insider Transaction Report
Form 4
PHH CORPPHH
Brown William F
SVP, GC and Secretary
Transactions
- Award
Common Stock
2016-05-22+37,799→ 114,797 total
Footnotes (2)
- [F1]Represents shares of common stock underlying unvested restricted stock units ("RSUs"). Each RSU represents the right to receive one share of PHH Corporation common stock upon vesting. Subject to the continued employment of the recipient with PHH Corporation through the applicable vesting dates, 1/3 of such RSUs are scheduled to vest on May 22, 2017, 1/3 of such RSUs are scheduled to vest on May 22, 2018, and 1/3 of such RSUs are scheduled to vest on May 22, 2019.
- [F2]Includes 61,437 shares of common stock underlying unvested RSUs. Each RSU represents the right to receive one share of common stock upon vesting.