Cobb William C Form 4 Frontdoor / WILLIAM C COBB ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

COBB WILLIAM C

(Last) (First) (Middle)

150 PEABODY PLACE

(Street)

MEMPHIS TN 38103

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Frontdoor, Inc. [ FTDR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
President & CEO

3. Date of Earliest Transaction (Month/Day/Year)
06/01/2022

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Restricted Stock Units	(1)	06/01/2022		A		20,210		(2)	(2)	Common Stock	20,210	$0.00	20,210	D
Restricted Stock Units	(1)	06/01/2022		A		35,368		(3)	(3)	Common Stock	35,368	$0.00	35,368	D
Employee Stock Option (right to buy)	$24.74	06/01/2022		A		152,236		(4)	06/01/2032	Common Stock	152,236	$0.00	152,236	D

Explanation of Responses:

1. Reflects restricted stock units that upon vesting convert into shares of common stock on a one-for-one basis.

2. Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted on June 1, 2022 and vest and settle in two equal installments on June 1, 2023 and 2024, subject to continued service with the Company.

3. Each unit is the economic equivalent of one share of the Company's stock. The restricted stock units were granted on June 1, 2022 and will vest and settle in three equal installments on June 1, 2023, 2024 and 2025, subject to continued service with the Company.

4. The service condition will fully vest one year from the grant date, on June 1, 2023. The performance-vesting criteria will vest in three tranches of 49,226, 50,505 and 52,505 stock options, respectively, each with a separate performance condition based on the volume-weighted average price of the Company's common stock on the NASDAQ over any 20 consecutive trading-day period, beginning on the grant date and ending prior to June 1, 2026, subject to continued service with the Company.

Remarks:

	/s/ Stephanie Delavale, as Attorney-In-Fact for William C. Cobb	06/03/2022
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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