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*
(Street)
| 2. Issuer Name and Ticker or Trading Symbol PennyMac Financial Services, Inc. [ PFSI ] | 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)
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| 3. Date of Earliest Transaction (Month/Day/Year) 03/16/2021 | ||||||||||||||||||||||||||
| 4. If Amendment, Date of Original Filed (Month/Day/Year) | 6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | ||||||
| Common Stock | 03/16/2021 | S | 6,700(1) | D | $65.0351(2) | 80,178 | I | The Walker Trust 2002 Dated February 13, 2002, As Amended | ||
| Common Stock | 03/16/2021 | S | 3,300(1) | D | $65.8232(3) | 76,878 | I | The Walker Trust 2002 Dated February 13, 2002, As Amended | ||
| Common Stock | 03/17/2021 | S | 9,500(1) | D | $65.1818(4) | 67,378 | I | The Walker Trust 2002 Dated February 13, 2002, As Amended | ||
| Common Stock | 03/17/2021 | S | 500(1) | D | $65.97(5) | 66,878 | I | The Walker Trust 2002 Dated February 13, 2002, As Amended | ||
| Common Stock | 37,550(6) | D | ||||||||
| Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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 | ||||||||
| Nonstatutory Stock Option (Right to Buy) | $21.03 | 06/13/2014 | 06/12/2023 | Common Stock | 15,882(7) | 15,882 | D | ||||||||
| Nonstatutory Stock Option (Right to Buy) | $17.26 | 02/26/2015 | 02/25/2024 | Common Stock | 28,216(8) | 28,216 | D | ||||||||
| Nonstatutory Stock Option (Right to Buy) | $17.52 | 03/03/2016 | 03/02/2025 | Common Stock | 23,829(9) | 23,829 | D | ||||||||
| Nonstatutory Stock Option (Right to Buy) | $11.28 | 03/07/2017 | 03/06/2026 | Common Stock | 27,771(10) | 27,771 | D | ||||||||
| Nonstatutory Stock Option (Right to Buy) | $18.05 | 03/06/2018 | 03/05/2027 | Common Stock | 17,313(11) | 17,313 | D | ||||||||
| Nonstatutory Stock Option (Right to Buy) | $24.4 | 03/09/2019 | 03/08/2028 | Common Stock | 13,233(12) | 13,233 | D | ||||||||
| Nonstatutory Stock Option (Right to Buy) | $22.92 | 03/15/2020 | 03/14/2029 | Common Stock | 13,879(13) | 13,879 | D | ||||||||
| Nonstatutory Stock Option (Right to Buy) | $59.68 | 12/14/2020 | 12/13/2030 | Common Stock | 5,402(14) | 5,402 | D | ||||||||
| Nonstatutory Stock Option (Right to Buy) | $35.03 | 02/26/2021 | 02/25/2030 | Common Stock | 13,863(15) | 13,863 | D | ||||||||
| Nonstatutory Stock Option (Right to Buy) | $58.85 | 02/25/2022 | 02/24/2031 | Common Stock | 7,391(16) | 7,391 | D | ||||||||
| Explanation of Responses: |
| 1. These shares of Common Stock were sold pursuant to a 10b5-1 plan. |
| 2. The price reported is the weighted average price of multiple transactions ranging from $64.157 to $65.56. 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. |
| 3. The price reported is the weighted average price of multiple transactions ranging from $65.58 to $66.14. 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. |
| 4. The price reported is the weighted average price of multiple transactions ranging from $64.50 to $65.48. 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. |
| 5. The price reported is the weighted average price of multiple transactions ranging from $65.78 to $66.19. 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. |
| 6. The reported amount consists of 6,048 restricted stock units and 31,502 shares of Common Stock. The restricted stock units are to be settled in an equal number of shares of Common Stock upon vesting. |
| 7. 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. |
| 8. 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. |
| 9. 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. |
| 10. 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. |
| 11. This nonstatutory stock option to purchase 17,313 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. |
| 12. This nonstatutory stock option to purchase 13,233 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. |
| 13. This nonstatutory stock option to purchase 13,879 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. |
| 14. This nonstatutory stock option to purchase 5,402 shares of Common Stock of the Issuer is fully vested but subject to certain transfer restrictions that will lapse in one-third increments on each of December 14, 2021, 2022 and 2023, subject to the Reporting Person's continued service through each lapse date. |
| 15. This nonstatutory stock option to purchase 13,863 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2021, 2022 and 2023, subject to the Reporting Person's continued service through each date. |
| 16. This nonstatutory stock option to purchase 7,391 shares of Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 25, 2022, 2023 and 2024, subject to the Reporting Person's continued service through each date. |
| /s/ Derek W. Stark, attorney-in-fact for Mr. Walker | 03/17/2021 | |
| ** 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. | ||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number. | ||