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Filing Details

Accession Number:: 0001127602-20-028836
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2020-11-12 16:53:24
Reporting Period:: 2020-11-09

Accepted Time:: 2020-11-12 16:53:24
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
1181595	L Stanford Kurland	C/O Pennymac Financial Services, Inc. 3043 Townsgate Road Westlake Village CA 91361		Yes	No	Yes	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	2020-11-09	6,450	$50.82	7,744,540	No	4	S	Indirect	Kurland Family Investments, LLC
Common Stock	Disposition	2020-11-09	7,350	$51.99	7,737,190	No	4	S	Indirect	Kurland Family Investments, LLC
Common Stock	Disposition	2020-11-09	1,200	$52.69	7,735,990	No	4	S	Indirect	Kurland Family Investments, LLC
Common Stock	Disposition	2020-11-10	900	$52.65	7,735,090	No	4	S	Indirect	Kurland Family Investments, LLC
Common Stock	Disposition	2020-11-10	2,800	$53.83	7,732,290	No	4	S	Indirect	Kurland Family Investments, LLC
Common Stock	Disposition	2020-11-10	5,900	$55.05	7,726,390	No	4	S	Indirect	Kurland Family Investments, LLC
Common Stock	Disposition	2020-11-10	5,400	$55.86	7,720,990	No	4	S	Indirect	Kurland Family Investments, LLC
Common Stock	Disposition	2020-11-11	400	$55.47	7,720,590	No	4	S	Indirect	Kurland Family Investments, LLC
Common Stock	Disposition	2020-11-11	600	$56.31	7,719,990	No	4	S	Indirect	Kurland Family Investments, LLC

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	Kurland Family Investments, LLC
No	4	S	Indirect	Kurland Family Investments, LLC
No	4	S	Indirect	Kurland Family Investments, LLC
No	4	S	Indirect	Kurland Family Investments, LLC
No	4	S	Indirect	Kurland Family Investments, LLC
No	4	S	Indirect	Kurland Family Investments, LLC
No	4	S	Indirect	Kurland Family Investments, LLC
No	4	S	Indirect	Kurland Family Investments, LLC
No	4	S	Indirect	Kurland Family Investments, LLC

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock	7,279	Direct
Common Stock	115,544	Indirect	1998 Kurland Revocable Trust Dtd 1/14/98

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	107,656	107,656	Direct
Common Stock	Nonstatutory Stock Option (Right to Buy)	$17.26	2015-02-26	2024-02-25	191,098	191,098	Direct
Common Stock	Nonstatutory Stock Option (Right to Buy)	$17.52	2016-03-03	2025-03-02	161,529	161,529	Direct
Common Stock	Nonstatutory Stock Option (Right to Buy)	$11.28	2017-03-07	2026-03-06	188,086	188,086	Direct
Common Stock	Nonstatutory Stock Option (Right to Buy)	$18.05	2018-03-06	2027-03-05	138,504	138,504	Direct
Common Stock	Nonstatutory Stock Option (Right to Buy)	$24.40	2019-03-09	2028-03-08	102,459	102,459	Direct
Common Stock	Nonstatutory Stock Option (Right to Buy)	$22.92	2020-03-15	2029-03-14	107,849	107,849	Direct

Expiration Date	Amount	Remaning Holdings	Nature of Ownership
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
2028-03-08	102,459	102,459	Direct
2029-03-14	107,849	107,849	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 $50.40 to $51.34. 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 $51.44 to $52.44. 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 $52.48 to $52.78. 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 $52.30 to $53.21. 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 $53.34 to $54.33. 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 $54.37 to $55.37. 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 $55.38 to $56.35. 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 $54.97 to $55.92. 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 $56.03 to $56.61. 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 7,279 restricted stock units. 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 107,656 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 191,098 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 161,529 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 continued service through each date.
This nonstatutory stock option to purchase 188,086 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 138,504 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 102,459 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.
This nonstatutory stock option to purchase 107,849 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 15, 2020, 2021 and 2022, subject to the Reporting Person's continued service through each date.