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Filing Details

Accession Number:: 0001518715-17-000047
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-01-30 17:39:36
Reporting Period:: 2017-01-26

Filing Date:: 2017-01-30
Accepted Time:: 2017-01-30 17:39:36
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1518715	Homestreet Inc.	HMST	State Commercial Banks (6022)	910186600

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1529616	H W Richard Bennion	601 Union Street, Suite 2000 Seattle WA 98101	Evp - Res. Lending Director	No	Yes	No	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	2017-01-28	298	$0.00	30,700	No	4	M	Indirect	Bennion Revocable Living Trust dated 12/19/2002
Common Stock	Disposition	2017-01-28	98	$0.00	30,602	No	4	S	Indirect	Bennion Revocable Living Trust dated 12/19/2002
Common Stock	Acquisiton	2017-01-29	339	$0.00	30,941	No	4	M	Indirect	Bennion Revocable Living Trust dated 12/19/2002

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Indirect	Bennion Revocable Living Trust dated 12/19/2002
No	4	S	Indirect	Bennion Revocable Living Trust dated 12/19/2002
No	4	M	Indirect	Bennion Revocable Living Trust dated 12/19/2002

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Restricted Stock Units	Acquisiton	2017-01-26	690	$0.00	690	$0.00
Common Stock	Performance Share Units	Acquisiton	2017-01-26	1,035	$0.00	1,035	$0.00
Common Stock	Restricted Stock Units	Disposition	2017-01-28	298	$0.00	298	$0.00
Common Stock	Restricted Stock Units	Disposition	2017-01-29	339	$0.00	339	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
2,638	No	4	A	Direct
5,594	No	4	A	Direct
2,340	No	4	M	Direct
2,001	No	4	M	Direct

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	0	Indirect	HomeStreet, Inc. 401(k) Savings Plan

Footnotes

Common stock acquired upon vesting of Restricted Stock Units ("RSUs") granted on January 28, 2016.
Mr. Bennion is the co-trustee with Diane Bennion for the Bennion Revocable Living Trust dated 12/19/02.
Shares sold to cover reporting person's tax liability in connection with the vesting of Restricted Stock Units on January 28, 2017.
Common stock acquired upon vesting of RSUs granted on January 29, 2015.
Participants in HomeStreet, Inc.'s 401(k) Savings Plan, or the "401(k) Plan", have the authority to direct voting of shares they hold through the 401(k) Plan.
Each RSU represents a contingent right to receive one share of HomeStreet common stock.
On January 26, 2017, the reporting person was granted 690 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.
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 690 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.
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.
On January 28, 2016, the reporting person was granted 894 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.
On January 29, 2015, the reporting person was granted 1,017 RSUs, which vest incrementally in equal amounts on January 29, 2016, January 29, 2017, and January 29, 2018, 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.
The reporting person's remaining RSUs includes 376 RSUs granted on May 29, 2014, which vest on May 29, 2017, 339 RSUs granted on January 29, 2015, which vest on January 29, 2018, and 596 RSUs granted on January 28, 2016, which vest incrementally in equal amounts on 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.