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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	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

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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

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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	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.