Filing Details
- Accession Number:
- 0001144204-14-042418
- Form Type:
- 4
- Zero Holdings:
- No
- Publication Time:
- 2014-07-10 21:20:42
- Reporting Period:
- 2014-07-08
- Filing Date:
- 2014-07-10
- Accepted Time:
- 2014-07-10 21:20:42
- SEC Url:
- Form 4 Filing
Issuer
| Cik | Name | Symbol | Sector (SIC) | IRS No |
|---|---|---|---|---|
| 77776 | Phh Corp | PHH | Miscellaneous Business Credit Institution (6159) | 520551284 |
Insiders
| Cik | Name | Reported Address | Insider Title | Director | Officer | Large Shareholder | Other |
|---|---|---|---|---|---|---|---|
| 1255159 | C Kenneth Griffin | C/O Citadel Gp Llc 131 S. Dearborn Street, 32Nd Floor Chicago IL 60603 | No | No | Yes | No | |
| 1423052 | Citadel Gp Llc | 131 S. Dearborn Street, 32Nd Fl Chicago IL 60603 | No | No | Yes | No | |
| 1588930 | Ltd. Capital Surveyor | 131 S. Dearborn St. 32Nd Floor Chicago IL 60603 | No | No | Yes | No |
Reported Non-Derivative Transactions
| Sec. Name | Acquisiton - Disposition | Date | Amount | Price | Remaning Holdings | Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|---|---|---|---|---|---|
| Common Stock | Acquisiton | 2014-07-08 | 96,600 | $23.89 | 2,162 | No | 4 | P | Indirect | See footnotes |
| Common Stock | Disposition | 2014-07-08 | 102,280 | $23.88 | 2,162 | No | 4 | S | Indirect | See footnotes |
| Common Stock | Acquisiton | 2014-07-08 | 410,802 | $23.84 | 4,139,995 | No | 4 | P | Indirect | See footnotes |
| Common Stock | Acquisiton | 2014-07-08 | 6,378 | $23.96 | 0 | No | 4 | P | Indirect | See footnotes |
| Equity Swap Involved | Form Type | Code | Nature of Ownership | Explanation |
|---|---|---|---|---|
| No | 4 | P | Indirect | See footnotes |
| No | 4 | S | Indirect | See footnotes |
| No | 4 | P | Indirect | See footnotes |
| No | 4 | P | Indirect | See footnotes |
Reported Derivative Transactions
| Sec. Name | Sec. Type | Acquisiton - Disposition | Date | Amount | Price | Amount - 2 | Price - 2 |
|---|---|---|---|---|---|---|---|
| Common Stock | Call Option: PHH140719C25 [option to purchase] | Acquisiton | 2014-07-08 | 10 | $0.20 | 1,000 | $25.00 |
| Common Stock | Call Option: PHH140816C25 [option to purchase] | Acquisiton | 2014-07-08 | 4 | $0.75 | 400 | $25.00 |
| Common Stock | Call Option: PHH140816C25 [option to purchase] | Acquisiton | 2014-07-08 | 20 | $0.70 | 2,000 | $25.00 |
| Common Stock | Call Option: PHH140816C30 [obligation to sell] | Acquisiton | 2014-07-08 | 23 | $0.05 | 2,300 | $30.00 |
| Common Stock | Put Option: PHH140816P25 [option to sell] | Acquisiton | 2014-07-08 | 1 | $1.70 | 100 | $25.00 |
| Common Stock | Put Option: PHH140816P25 [option to sell] | Acquisiton | 2014-07-08 | 1 | $1.65 | 100 | $25.00 |
| Common Stock | Call Option: PHH141122C25 [obligation to sell] | Acquisiton | 2014-07-08 | 4 | $1.70 | 400 | $25.00 |
| Common Stock | Call Option: PHH141122C22.5 [option to purchase] | Acquisiton | 2014-07-08 | 4 | $1.40 | 400 | $22.50 |
| Remaning Holdings | Exercise Date | Expiration Date | Equity Swap Involved | Transaction Form Type | Transaction Code | Nature of Ownership |
|---|---|---|---|---|---|---|
| 57 | 2014-07-19 | No | 4 | P | Indirect | |
| 165 | 2014-08-19 | No | 4 | S | Indirect | |
| 185 | 2014-08-19 | No | 4 | P | Indirect | |
| 529 | 2014-08-19 | No | 4 | P | Indirect | |
| 1 | 2014-08-19 | No | 4 | P | Indirect | |
| 0 | 2014-08-19 | No | 4 | S | Indirect | |
| 234 | 2014-11-19 | No | 4 | P | Indirect | |
| 7 | 2014-11-19 | No | 4 | P | Indirect |
Reported Non-Derivative Holdings
| Sec. Name | Remaning Holdings | Nature of Ownership | Explanation |
|---|---|---|---|
| Common Stock | 54,146 | Indirect | See footnotes |
| Common Stock | 1 | Indirect | See footnotes |
Footnotes
- This security is owned by Citadel Equity Fund, Ltd. ("CEF").
- This security is owned by Citadel Global Equities Master Fund Ltd. ("CG").
- This security is owned by Citadel Securities LLC ("CS").
- This security is owned by Surveyor Capital Ltd. ("Surveyor").
- This security is owned by Citadel Quantitative Strategies Master Fund Ltd. ("CQ").
- This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $23.62 to $24.09. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
- This price represents the weighted average sale price. The sale prices for these transactions ranged from $23.63 to $24.09. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares sold at each separate price.
- This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $23.85 to $24.04. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
- This price represents the weighted average purchase price. The purchase prices for these transactions ranged from $23.90 to $23.99. The Reporting Person undertakes to provide upon the request of the Securities and Exchange Commission, the issuer or a security holder of the issuer, full information regarding the number of shares purchased at each separate price.
- Citadel Advisors LLC ("Citadel Advisors"), a registered investment adviser, is the portfolio manager for Surveyor, CG and CEF. Citadel Advisors II LLC ("CA2"), a registered investment adviser, is the portfolio manager for CQ. Citadel Advisors Holdings II LP ("CAH2") is the managing member of Citadel Advisors and CA2. Citadel Advisors Holdings LP ("CAH") is the general partner of CAH2. CALC III LP ("CALC3") is the non-member manager of Citadel Securities. Citadel GP LLC ("CGP") is the general partner of CALC3 and CAH2. Mr. Griffin is the President and Chief Executive Officer of, and owns a controlling interest in, CGP.
- The options are all exchange traded options that are immediately exercisable.
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