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Filing Details

Accession Number:: 0001127602-17-014372
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-04-05 18:50:25
Reporting Period:: 2017-04-03

Filing Date:: 2017-04-05
Accepted Time:: 2017-04-05 18:50:25
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1568669	Pennymac Financial Services Inc.	PFSI	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1468934	M David Walker	C/O Pennymac Financial Services, Inc. 3043 Townsgate Road Westlake Village CA 91361	Chief Risk Officer	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
Class A Common Stock	Acquisiton	2017-04-03	10,162	$0.00	17,087	No	4	M	Direct
Class A Common Stock	Acquisiton	2017-04-04	5,000	$0.00	5,030	No	4	M	Indirect	The Walker Trust 2002 Dated February 13, 2002, As Amended
Class A Common Stock	Disposition	2017-04-04	5,000	$16.29	30	No	4	S	Indirect	The Walker Trust 2002 Dated February 13, 2002, As Amended
Class A Common Stock	Acquisiton	2017-04-05	5,000	$0.00	5,030	No	4	M	Indirect	The Walker Trust 2002 Dated February 13, 2002, As Amended
Class A Common Stock	Disposition	2017-04-05	5,000	$16.21	30	No	4	S	Indirect	The Walker Trust 2002 Dated February 13, 2002, As Amended

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	M	Indirect	The Walker Trust 2002 Dated February 13, 2002, As Amended
No	4	S	Indirect	The Walker Trust 2002 Dated February 13, 2002, As Amended
No	4	M	Indirect	The Walker Trust 2002 Dated February 13, 2002, As Amended
No	4	S	Indirect	The Walker Trust 2002 Dated February 13, 2002, As Amended

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Performance-Based Restricted Stock Units	Acquisiton	2017-04-03	10,162	$0.00	10,162	$0.00
Class A Common Stock	Performance-Based Restricted Stock Units	Disposition	2017-04-03	10,162	$0.00	10,162	$0.00
Class A Common Stock	Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC	Disposition	2017-04-04	5,000	$0.00	5,000	$0.00
Class A Common Stock	Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC	Disposition	2017-04-05	5,000	$0.00	5,000	$0.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
10,162	No	4	A	Direct
0	No	4	M	Direct
758,055	No	4	M	Indirect
753,055	No	4	M	Indirect

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Class A Common Stock	Nonstatutory Stock Option (Right to Buy)	$21.03	2014-06-13	2023-06-12	15,882	15,882	Direct
Class A Common Stock	Nonstatutory Stock Option (Right to Buy)	$17.26	2015-02-26	2024-02-25	28,216	28,216	Direct
Class A Common Stock	Nonstatutory Stock Option (Right to Buy)	$17.52	2016-03-03	2025-03-02	23,829	23,829	Direct
Class A Common Stock	Nonstatutory Stock Option (Right to Buy)	$11.28	2017-03-07	2026-03-06	27,771	27,771	Direct
Class A Common Stock	Nonstatutory Stock Option (Right to Buy)	$18.05	2018-03-06	2027-03-05	17,313	17,313	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2023-06-12	15,882	15,882	Direct
2024-02-25	28,216	28,216	Direct
2025-03-02	23,829	23,829	Direct
2026-03-06	27,771	27,771	Direct
2027-03-05	17,313	17,313	Direct

Footnotes

Shares of Class A Common Stock acquired pursuant to the payout of a performance-based restricted stock unit granted to the Reporting Person on February 26, 2014.
The reported amount consists of 6,925 restricted stock units and 10,162 shares of Class A Common Stock. The restricted stock units are to be settled in an equal number of shares of Class A Common Stock upon vesting
Pursuant to the terms of an exchange agreement, Class A Units of Private National Mortgage Acceptance Company, LLC are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis, subject to customary conversion rate adjustments.
These shares of Class A Common Stock were sold pursuant to a 10b5-1 plan.
The price reported is the weighted average price of multiple transactions ranging from $16.05 to $16.55. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Class A Common Stock and the prices at which the transactions were effected.
The price reported is the weighted average price of multiple transactions ranging from $15.95 to $16.55. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Class A Common Stock and the prices at which the transactions were effected.
This award vested on April 3, 2017 and the payout of shares of Class A Common Stock pursuant to the award was determined based on the Issuer's total stockholder return (TSR) (50% of the award) and earnings per share (EPS) (50% of the award) for the period of January 1, 2014 through December 31, 2016 as measured against the target performance goals set by the Compensation Committee of the Board of Directors when the award was granted in 2014. The payout percentages for the TSR and EPS portions of the award were 0% and 89.9%, respectively.
This nonstatutory stock option to purchase 15,882 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of June 13, 2014, 2015 and 2016, subject to the Reporting Person's continued service through each date.
This nonstatutory stock option to purchase 28,216 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2015, 2016 and 2017, subject to the Reporting Person's continued service through each date.
This nonstatutory stock option to purchase 23,829 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 3, 2016, 2017 and 2018, subject to the Reporting Person's committed service through each date.
This nonstatutory stock option to purchase 27,771 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 7, 2017, 2018 and 2019, subject to the Reporting Person's committed service through each date.