Filing Details

Accession Number:
0001127602-17-028690
Form Type:
4
Zero Holdings:
No
Publication Time:
2017-10-02 18:04:04
Reporting Period:
2017-09-29
Accepted Time:
2017-10-02 18:04:04
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
1181595 L Stanford Kurland C/O Pennymac Financial Services, Inc.
3043 Townsgate Road
Westlake Village CA 91361
Executive Chairman Yes 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 Explanation
Class A Common Stock Disposition 2017-09-29 11,012 $18.00 23,402 No 4 S Direct
Equity Swap Involved Form Type Code Nature of Ownership Explanation
No 4 S Direct
Reported Derivative Holdings
Sec. Name Sec. Type Price Date Expiration Date Amount Remaning Holdings Nature of Ownership
Class A Common Stock Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC $0.00 284,348 284,348 Direct
Class A Common Stock Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC $0.00 8,314,990 8,314,990 Indirect
Class A Common Stock Nonstatutory Stock Option (Right to Buy) $21.03 2014-06-13 2023-06-12 107,656 107,656 Direct
Class A Common Stock Nonstatutory Stock Option (Right to Buy) $17.26 2015-02-26 2024-02-25 191,098 191,098 Direct
Class A Common Stock Nonstatutory Stock Option (Right to Buy) $17.52 2016-03-03 2025-03-02 161,529 161,529 Direct
Class A Common Stock Nonstatutory Stock Option (Right to Buy) $11.28 2017-03-07 2026-03-06 188,086 188,086 Direct
Class A Common Stock Nonstatutory Stock Option (Right to Buy) $18.05 2018-03-06 2027-03-05 138,504 138,504 Direct
Expiration Date Amount Remaning Holdings Nature of Ownership
284,348 284,348 Direct
8,314,990 8,314,990 Indirect
2023-06-12 107,656 107,656 Direct
2024-02-25 191,098 191,098 Direct
2025-03-02 161,529 161,529 Direct
2026-03-06 188,086 188,086 Direct
2027-03-05 138,504 138,504 Direct
Footnotes
  1. These shares of Class A Common Stock were sold pursuant to a 10b5-1 plan.
  2. 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 PennyMac Financial Services, Inc. on a one-for-one basis, subject to customary conversion rate adjustments, from and after the closing of PennyMac Financial Services, Inc.'s initial public offering.
  3. These securities are held by Kurland Family Investments, LLC, of which Mr. Kurland is the sole manager. Mr. Kurland disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose.
  4. This nonstatutory stock option to purchase 107,656 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.
  5. This nonstatutory stock option to purchase 191,098 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.
  6. This nonstatutory stock option to purchase 161,529 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 continued service through each date.
  7. This nonstatutory stock option to purchase 188,086 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.
  8. This nonstatutory stock option to purchase 138,504 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 6, 2018, 2019 and 2020, subject to the Reporting Person's committed service through each date.