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Filing Details

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1033012	Flagstar Bancorp Inc	(NYSE:FBC)	Savings Institution, Federally Chartered (6035)	383150651

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1416797	A Matthew Kerin	C/O Flagstar Bancorp, Inc. 5151 Corporate Drive Troy MI 48098	Executive Vice-President	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Flagstar Bancorp, Inc. Common Stock	Acquisiton	2010-10-29	9,085	$0.00	107,377	No	4	A	Direct
Flagstar Bancorp, Inc. Common Stock	Disposition	2010-10-29	4,146	$1.27	103,231	No	4	F	Direct
Flagstar Bancorp, Inc. Common Stock	Acquisiton	2010-11-02	87,000	$1.00	190,231	No	4	P	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	A	Direct
No	4	F	Direct
No	4	P	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Series D Mandatorily Convertible Preferred Stock	Acquisiton	2010-11-02	10,650	$20.00	213,000	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
10,650			No	4	P	Direct

Footnotes

Securities are base salary paid to Mr. Kerin in the form of shares of the Flagstar Bancorp, Inc. Common Stock as further described in the Company's Current Report on Form 8-K filed on December 8, 2009.
These shares were purchased directly from the underwriters in the Company's public offering, which closed on November 2, 2010.
Each share of Mandatorily Convertible Non-Cumulative Perpetual Preferred Stock, Series D is convertible into 20 shares of Common Stock, subject to anti-dilution adjustments.
The Mandatorily Convertible Non-Cumulative Perpetual Preferred Stock, Series D is not convertible until the receipt of approval of an amendment to the Amended and Restated Articles of Incorporation of Flagstar Bancorp, Inc. (the "Issuer") to increase the number of authorized shares of Common Stock (the "Stockholder Approval"), and upon receipt of the Stockholder Approval, the shares of Mandatorily Convertible Non-Cumulative Perpetual Preferred Stock, Series D will automatically convert into shares of Common Stock of the Issuer.
The Mandatorily Convertible Non-Cumulative Perpetual Preferred Stock, Series D has no expiration date.