4//SEC Filing
HomeStreet, Inc. 4
Accession 0001518715-16-000211
$MCHBCIK 0001518715operating
Filed
Feb 1, 7:00 PM ET
Accepted
Feb 2, 9:34 PM ET
Size
9.1 KB
Accession
0001518715-16-000211
Insider Transaction Report
Form 4
HomeStreet, Inc.HMST
STRAUS DAVID H
EVP, Commercial Banking Dir.
Transactions
- Award
Performance Share Units
2016-01-28+4,397→ 4,397 totalExercise: $0.00→ Common Stock (4,397 underlying) - Award
Restricted Stock Units
2016-01-28+2,931→ 2,931 total→ Common Stock (2.931 underlying)
Footnotes (4)
- [F1]Each restricted stock unit represents a contingent right to receive one share of HomeStreet common stock.
- [F2]On January 28, 2016, the reporting person was granted 2,931 restricted stock units (RSUs), which vest incrementally in equal amounts on January 28, 2017, January 28, 2018 and January 28, 2019, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that have vested.
- [F3]The number of performance share units ("PSUs") represents the maximum number of shares of HomeStreet common stock to which the reporting person will be entitled. The target number of shares associated with the grant is 2,931 shares of common stock. Each PSU represents one share of common stock and will vest depending on the achievement of certain specified performance criteria including the return on average equity for each of HomeStreet's 12 fiscal quarters completed from January 1, 2016 through December 31, 2018.
- [F4]The PSUs are scheduled to vest in the first quarter of 2019 when the HomeStreet, Inc. Human Resources and Corporate Governance Committee certifies the achievement of the performance goals in accordance with the provisions of the reporting person's award agreement. In the event of a change of control, all outstanding PSUs may vest under certain circumstances at the target award level on the effective date of the change in control.
Documents
Issuer
HomeStreet, Inc.
CIK 0001518715
Entity typeoperating
IncorporatedWA
Related Parties
1- filerCIK 0001518715
Filing Metadata
- Form type
- 4
- Filed
- Feb 1, 7:00 PM ET
- Accepted
- Feb 2, 9:34 PM ET
- Size
- 9.1 KB