0001127602-19-028267.txt : 20190912 0001127602-19-028267.hdr.sgml : 20190912 20190912183317 ACCESSION NUMBER: 0001127602-19-028267 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190910 FILED AS OF DATE: 20190912 DATE AS OF CHANGE: 20190912 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: KURLAND STANFORD L CENTRAL INDEX KEY: 0001181595 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-38727 FILM NUMBER: 191091244 MAIL ADDRESS: STREET 1: C/O PENNYMAC, 6101 CONDOR DRIVE STREET 2: UPPER LEVEL CITY: MOORPARK STATE: CA ZIP: 93021 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PennyMac Financial Services, Inc. CENTRAL INDEX KEY: 0001745916 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 831098934 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3043 TOWNSGATE ROAD CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 BUSINESS PHONE: (818) 224-7442 MAIL ADDRESS: STREET 1: 3043 TOWNSGATE ROAD CITY: WESTLAKE VILLAGE STATE: CA ZIP: 91361 FORMER COMPANY: FORMER CONFORMED NAME: New PennyMac Financial Services, Inc. DATE OF NAME CHANGE: 20180709 4 1 form4.xml PRIMARY DOCUMENT X0306 4 2019-09-10 0001745916 PennyMac Financial Services, Inc. PFSI 0001181595 KURLAND STANFORD L C/O PENNYMAC FINANCIAL SERVICES, INC. 3043 TOWNSGATE ROAD WESTLAKE VILLAGE CA 91361 1 1 Executive Chairman Common Stock 2019-09-10 4 S 0 10000 30.3871 D 305695 I 1998 Kurland Revocable Trust Dtd 1/14/98 Common Stock 2019-09-10 4 S 0 5000 30.3795 D 300695 I 1998 Kurland Revocable Trust Dtd 1/14/98 Common Stock 2019-09-11 4 S 0 10000 31.1037 D 290695 I 1998 Kurland Revocable Trust Dtd 1/14/98 Common Stock 2019-09-11 4 S 0 5000 31.1119 D 285695 I 1998 Kurland Revocable Trust Dtd 1/14/98 Common Stock 2019-09-12 4 S 0 10000 30.6452 D 275695 I 1998 Kurland Revocable Trust Dtd 1/14/98 Common Stock 2019-09-12 4 S 0 5000 30.6445 D 270695 I 1998 Kurland Revocable Trust Dtd 1/14/98 Common Stock 8314990 I Kurland Family Investments, LLC Nonstatutory Stock Option (Right to Buy) 21.03 2014-06-13 2023-06-12 Common Stock 107656 107656 D Nonstatutory Stock Option (Right to Buy) 17.26 2015-02-26 2024-02-25 Common Stock 191098 191098 D Nonstatutory Stock Option (Right to Buy) 17.52 2016-03-03 2025-03-02 Common Stock 161529 161529 D Nonstatutory Stock Option (Right to Buy) 11.28 2017-03-07 2026-03-06 Common Stock 188086 188086 D Nonstatutory Stock Option (Right to Buy) 18.05 2018-03-06 2027-03-05 Common Stock 138504 138504 D Nonstatutory Stock Option (Right to Buy) 24.40 2019-03-09 2028-03-08 Common Stock 102459 102459 D Nonstatutory Stock Option (Right to Buy) 22.92 2020-03-15 2029-03-14 Common Stock 107849 107849 D 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 $30.17 to $30.80. 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. This amount reflects 284,348 shares of Common Stock transferred by the Reporting Person from direct to indirect ownership. The price reported is the weighted average price of multiple transactions ranging from $30.18 to $30.82. 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 $30.75 to $31.49. 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 $30.73 to $31.49. 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 $30.37 to $30.89. 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 $30.39 to $30.88. 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. 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 Class A 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. /s/ Kisha Parker, attorney-in-fact for Mr. Kurland 2019-09-12