4//SEC Filing
HomeStreet, Inc. 4
Accession 0001518715-17-000042
$MCHBCIK 0001518715operating
Filed
Jan 29, 7:00 PM ET
Accepted
Jan 30, 5:34 PM ET
Size
345.1 KB
Accession
0001518715-17-000042
Insider Transaction Report
Form 4
HomeStreet, Inc.HMST
STRAUS DAVID H
EVP, Commercial Banking Dir.
Transactions
- Award
Restricted Stock Units
2017-01-26+2,259→ 5,190 total→ Common Stock (2,259 underlying) - Exercise/Conversion
Restricted Stock Units
2017-01-28−977→ 4,213 total→ Common Stock (977 underlying) - Exercise/Conversion
Common Stock
2017-01-28+977→ 11,551 total - Award
Performance Share Units
2017-01-26+3,389→ 7,786 totalExercise: $0.00→ Common Stock (3,389 underlying)
Footnotes (7)
- [F1]Common stock acquired upon vesting of Restricted Stock Units ("RSUs") granted on January 28, 2016.
- [F2]Each RSU represents a contingent right to receive one share of HomeStreet common stock.
- [F3]On January 26, 2017, the reporting person was granted 2,259 RSUs, which vest incrementally in equal amounts on January 26, 2018, January 26, 2019 and January 26, 2020, 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.
- [F4]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 2,259 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, 2017 through December 31, 2019.
- [F5]The PSUs are scheduled to vest in the first quarter of 2020 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 in control, all outstanding PSUs may vest under certain circumstances at the target award level on the effective date of the change in control.
- [F6]On January 28, 2016, the reporting person was granted 2,931 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.
- [F7]The reporting person's remaining RSU's also include 1,954 RSU's granted on January 28, 2016, which vest incrementally in equal amounts on January 28, 2018 and January 28, 2019. 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.
Issuer
HomeStreet, Inc.
CIK 0001518715
Entity typeoperating
IncorporatedWA
Related Parties
1- filerCIK 0001518715
Filing Metadata
- Form type
- 4
- Filed
- Jan 29, 7:00 PM ET
- Accepted
- Jan 30, 5:34 PM ET
- Size
- 345.1 KB