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Filing Details

Accession Number:: 0001127602-17-033393
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-11-28 18:28:48
Reporting Period:: 2017-11-27

Accepted Time:: 2017-11-28 18:28:48
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1568669	Pennymac Financial Services Inc.	PFSI	Mortgage Bankers & Loan Correspondents (6162)	800882793

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1591994	Stanley Daniel Perotti	C/O Pennymac Financial Services, Inc. 3043 Townsgate Road Westlake Village CA 91361	Deputy Cfo	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	2017-11-27	2,400	$0.00	2,400	No	4	M	Indirect	The Perotti Family Trust
Class A Common Stock	Disposition	2017-11-27	2,400	$20.00	0	No	4	S	Indirect	The Perotti Family Trust
Class A Common Stock	Acquisiton	2017-11-28	3,042	$0.00	3,042	No	4	M	Indirect	The Perotti Family Trust
Class A Common Stock	Disposition	2017-11-28	3,042	$20.00	0	No	4	S	Indirect	The Perotti Family Trust

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Indirect	The Perotti Family Trust
No	4	S	Indirect	The Perotti Family Trust
No	4	M	Indirect	The Perotti Family Trust
No	4	S	Indirect	The Perotti Family Trust

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Class A Common Stock	Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC	Disposition	2017-11-27	2,400	$0.00	2,400	$0.00
Class A Common Stock	Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC	Disposition	2017-11-28	3,042	$0.00	3,042	$0.00

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
318,664			No	4	M	Indirect
315,622			No	4	M	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Class A Common Stock	11,405	Direct

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	2,523	2,523	Direct
Class A Common Stock	Nonstatutory Stock Option (Right to Buy)	$17.26	2015-02-26	2024-02-25	16,881	16,881	Direct
Class A Common Stock	Nonstatutory Stock Option (Right to Buy)	$17.52	2016-03-03	2025-03-02	16,481	16,481	Direct
Class A Common Stock	Nonstatutory Stock Option (Right to Buy)	$11.28	2017-03-07	2026-03-06	16,615	16,615	Direct
Class A Common Stock	Nonstatutory Stock Option (Right to Buy)	$18.05	2018-03-06	2027-03-05	22,506	22,506	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
2023-06-12	2,523	2,523	Direct
2024-02-25	16,881	16,881	Direct
2025-03-02	16,481	16,481	Direct
2026-03-06	16,615	16,615	Direct
2027-03-05	22,506	22,506	Direct

Footnotes

Represents shares of Class A Common Stock received upon the exchange of Class A Units of Private National Mortgage Acceptance Company, LLC.
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 $20.00 to $20.05. 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 reported amount consists of 9,002 restricted stock units and 2,403 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, from and after the closing of PennyMac Financial, Inc,'s initial public offering, and after the expiration of a lock-up agreement.
This nonstatutory stock option to purchase 2,523 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of the first, second and third anniversaries of the grant date, subject to the Reporting Person's continued service through each date.
This nonstatutory stock option to purchase 16,881 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 16,481 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 16,615 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.
This nonstatutory stock option to purchase 22,506 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.