4//SEC Filing
Bogansky Michael R 4
Accession 0001209191-18-054218
CIK 0000077776other
Filed
Oct 3, 8:00 PM ET
Accepted
Oct 4, 2:18 PM ET
Size
8.5 KB
Accession
0001209191-18-054218
Insider Transaction Report
Form 4
PHH CORPPHH
Bogansky Michael R
SVP & Controller
Transactions
- Disposition to Issuer
Common Stock
2018-10-04−13,074→ 0 total - Disposition to Issuer
Restricted Stock Unit
2018-10-04−10,176→ 0 totalFrom: 2018-10-04Exp: 2018-10-04→ Common Stock (10,176 underlying)
Footnotes (3)
- [F1]On October 4, 2018, Ocwen Financial Corporation, a Florida corporation ("Ocwen"), acquired PHH Corporation (the "Company") pursuant to that certain Agreement and Plan of Merger, dated February 27, 2018 (the "Merger Agreement"), by and among the Company, Ocwen and POMS Corp., a wholly-owned subsidiary of Ocwen. Pursuant to the terms of the Merger Agreement, all of the shares of the Company's outstanding common stock were acquired by Ocwen in a merger of Merger Sub with and into the Company, with the Company surviving the merger and becoming a wholly-owned subsidiary of Ocwen. The acquisition is more fully described in the Company's definitive proxy statement filed with the Securities and Exchange Commission on April 27, 2018. Pursuant to the terms of the Merger Agreement, each share of the Company's common stock was converted into the right to receive $11.00 per share in cash.
- [F2]Each restricted stock unit ("RSU") represented the right to receive one share of the Company's common stock.
- [F3]Pursuant to the terms of the Merger Agreement, each then outstanding RSU became fully vested and was cancelled and converted into the right to receive an amount in cash equal to the product of (x) the number of shares of the Company's common stock subject to such unit multiplied by (y) $11.00, less any applicable withholding for taxes.
Documents
Issuer
PHH CORP
CIK 0000077776
Entity typeother
Related Parties
1- filerCIK 0001605034
Filing Metadata
- Form type
- 4
- Filed
- Oct 3, 8:00 PM ET
- Accepted
- Oct 4, 2:18 PM ET
- Size
- 8.5 KB