4//SEC Filing
PHH CORP 4
Accession 0001209191-16-151808
CIK 0000077776operating
Filed
Nov 21, 7:00 PM ET
Accepted
Nov 22, 8:01 PM ET
Size
6.0 KB
Accession
0001209191-16-151808
Insider Transaction Report
Form 4
PHH CORPPHH
Brown William F
SVP, GC and Secretary
Transactions
- Disposition to Issuer
Common Stock
2016-11-21$14.58/sh−18,525$270,095→ 111,672 total
Footnotes (2)
- [F1]As reported in the Form 4/A filed on August 18, 2014, 30,875 previously reported unvested restricted stock units ("RSUs") became settleable 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, 12,350 (40%) of the RSUs vested and settled in cash on May 21, 2015, and 18,525 (60%) of such RSUs vested on November 21, 2016. The cash amount payable due to settlement of the 18,525 RSUs is $270,094.50, which will be paid on December 2, 2016.
- [F2]Includes 52,096 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
- Nov 21, 7:00 PM ET
- Accepted
- Nov 22, 8:01 PM ET
- Size
- 6.0 KB