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Filing Details

Accession Number:: 0001567619-19-020813
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2019-11-08 15:23:37
Reporting Period:: 2019-11-08

Accepted Time:: 2019-11-08 15:23:37
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1033012	Flagstar Bancorp Inc	FBC	Savings Institution, Federally Chartered (6035)	383150651

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1251956	J David Matlin	C/O Mp (Thrift) Global Advisers Iii Llc 70 East 55Th Street New York NY 10022-4213		Yes	No	No	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2019-11-08	900,000	$35.96	20,600,352	No	4	S	Indirect	See footnotes

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See footnotes

Footnotes

On October 29, 2019, Flagstar Bancorp, Inc. and MP Thrift Investments L.P. ("MP Thrift") entered into an underwriting agreement (the "Underwriting Agreement") with Morgan Stanley & Co. LLC as the underwriter (the "Underwriter"). Pursuant to the Underwriting Agreement, MP Thrift sold 6,100,000 shares of Common Stock, par value $0.01 per share (the "Common Stock"), of Flagstar Bancorp, Inc., in an underwritten public offering, which closed on November 1, 2019. The Underwriting Agreement also provided the Underwriter an option to purchase up to an additional 900,000 shares of Common Stock from MP Thrift within 30 days from the date of the Underwriting Agreement. On November 8, 2019, the Underwriter purchased 900,000 additional shares of Common Stock, reflecting the exercise in full of its option to purchase additional shares. The shares of Common Stock were sold at a price of $35.96 per share.
MPGOP III Thrift AV-I L.P. ("MPGOP"), a Delaware limited partnership and MPGOP (Cayman) III Thrift AV-I L.P., a Cayman Islands exempted limited partnership ("MPGOP Cayman", and together with MPGOP, the "New Fund") together hold 100% of the membership interests in MP Thrift. MPGOP has a 77.05% interest in MP Thrift and MPGOP Cayman has a 22.95% interest in MP Thrift. MP (Thrift) Global Partners III LLC ("MP LLC") is a limited liability company organized under the laws of Delaware. The principal business of MP LLC is to serve as general partner of each of MPGOP, MPGOP Cayman, MP Thrift, MP (Thrift) Global Opportunities Partners (Special) III LP ("MPGOPS"), and MP (Thrift) Global Opportunities Investments III LP ("MPGOI"). MP (Thrift) Asset Management LLC ("MPAM") is a limited liability company organized under the laws of Delaware. MPAM is the managing member of MP LLC. MP (Thrift) LLC ("MPT") is a limited liability company organized under the laws of Delaware.
(continued from footnote 2) MPT is the managing member of MPAM. MPGOPS is a limited partnership organized under the laws of Delaware. MPGOPS is the holder of a 100% limited partnership interest in MPGOI. MPGOI is a limited partnership organized under the laws of Delaware. MPGOI is the holder of a 1% limited partnership interest in the New Fund. Along with MPT, MPAM, MP LLC, and MPGOPS, MPGOI comprises the Associates Fund.
(continued from footnote 3) David J. Matlin is the sole managing member of MPT, and his principal occupation is acting as Chief Executive Officer of MatlinPatterson Global Advisers LLC ("Matlin Advisers"). Matlin Advisers is a limited liability company organized under the laws of Delaware. The principal business of Matlin Advisers is to serve as investment adviser to the various funds. Matlin Advisers also serves as investment adviser to the New Fund. David J. Matlin is a citizen of the United States of America. David J. Matlin may be deemed to have shared voting and investment control over the shares of Flagstar Bancorp, Inc. held by MP Thrift. He also has an indirect pecuniary interest in the New Fund.
(continued from footnote 4) David J. Matlin's exact pecuniary interest therein is not readily determinable because it is subject to several variables, including without limitation, the internal rates of return of the various funds overall and with respect to their indirect investment in Flagstar Bancorp, Inc. He disclaims beneficial ownership of any of the reported securities except to the extent of his pecuniary interest therein.