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Filing Details

Accession Number:: 0001127602-18-035715
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2018-12-10 17:08:58
Reporting Period:: 2018-12-06

Accepted Time:: 2018-12-10 17:08:58
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1745916	Pennymac Financial Services Inc.	PFSI	()	4

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1232611	Anne Mccallion	C/O Pennymac Financial Services, Inc. 3043 Townsgate Road Westlake Village CA 91361	Chief Enterprise Ops Officer	Yes	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	Disposition	2018-12-06	4,550	$21.34	486,170	No	4	S	Indirect	The McCallion Family Trust dated 12/21/98
Common Stock	Disposition	2018-12-06	450	$21.80	485,720	No	4	S	Indirect	The McCallion Family Trust dated 12/21/98
Common Stock	Disposition	2018-12-07	5,000	$22.67	480,720	No	4	S	Indirect	The McCallion Family Trust dated 12/21/98

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	The McCallion Family Trust dated 12/21/98
No	4	S	Indirect	The McCallion Family Trust dated 12/21/98
No	4	S	Indirect	The McCallion Family Trust dated 12/21/98

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	34,920	Direct

Reported Derivative Holdings

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Sec. Name	Sec. Type	Price	Date	Expiration Date	Amount	Remaning Holdings	Nature of Ownership
Common Stock	Nonstatutory Stock Option (Right to Buy)	$21.03	2014-06-13	2023-06-12	15,882	15,882	Direct
Common Stock	Nonstatutory Stock Option (Right to Buy)	$17.26	2015-02-26	2024-02-25	28,216	28,216	Direct
Common Stock	Nonstatutory Stock Option (Right to Buy)	$17.52	2016-03-03	2025-03-02	23,829	23,829	Direct
Common Stock	Nonstatutory Stock Option (Right to Buy)	$11.28	2017-03-07	2026-03-06	27,771	27,771	Direct
Common Stock	Nonstatutory Stock Option (Right to Buy)	$18.05	2018-03-06	2027-03-05	22,506	22,506	Direct
Common Stock	Nonstatutory Stock Option (Right to Buy)	$24.40	2019-03-09	2028-03-08	17,204	17,204	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	22,506	22,506	Direct
2028-03-08	17,204	17,204	Direct

Footnotes

These shares of Common Stock were sold pursuant to a 10b5-1 plan.
The price reported is the weighted average price of multiple transactions ranging from $20.76 to $21.76. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
On August 2, 2018, PennyMac Financial Services, Inc. ("Old PennyMac") entered into a Contribution Agreement and Plan of Merger (the "Reorganization Agreement") with various parties including, among others, New PennyMac Financial Services, Inc. (the "Issuer") and the Reporting Person. The Reorganization Agreement provided that Old PennyMac would reorganize under a new public holding company, eliminate its "Up-C" structure and transition to a single class of publicly-traded common stock held by all stockholders. On November 1, 2018, the transactions contemplated by the Reorganization Agreement were completed and the Class A Units of Private National Mortgage Acceptance Company, LLC previously held by the Reporting Person were exchanged for shares of Common Stock of the Issuer. The Issuer succeeded to Old PennyMac as a public-reporting company pursuant to Rule 12g-3 of the Securities Exchange Act of 1934, and changed its name to PennyMac Financial Services, Inc.
The price reported is the weighted average price of multiple transactions ranging from $21.77 to $21.865. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
The price reported is the weighted average price of multiple transactions ranging from $22.25 to $22.97. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Common Stock and the prices at which the transactions were effected.
The reported amount consists of 12,883 restricted stock units and 22,037 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting.
This nonstatutory stock option to purchase 15,882 shares of 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 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 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 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 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.
This nonstatutory stock option to purchase 17,204 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 9, 2019, 2020 and 2021, subject to the Reporting Person's committed service through each date.