0001518715-16-000214.txt : 20160202
0001518715-16-000214.hdr.sgml : 20160202
20160202213758
ACCESSION NUMBER: 0001518715-16-000214
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160128
FILED AS OF DATE: 20160202
DATE AS OF CHANGE: 20160202
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: HomeStreet, Inc.
CENTRAL INDEX KEY: 0001518715
STANDARD INDUSTRIAL CLASSIFICATION: SAVINGS INSTITUTIONS, NOT FEDERALLY CHARTERED [6036]
IRS NUMBER: 910186600
STATE OF INCORPORATION: WA
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 2000 TWO UNION SQUARE
STREET 2: 601 UNION STREET, STE. 2000
CITY: SEATTLE
STATE: WA
ZIP: 98101
BUSINESS PHONE: 206-623-3050
MAIL ADDRESS:
STREET 1: 2000 TWO UNION SQUARE
STREET 2: 601 UNION STREET, STE. 2000
CITY: SEATTLE
STATE: WA
ZIP: 98101
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: VAN AMEN DARRELL
CENTRAL INDEX KEY: 0001529709
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-35424
FILM NUMBER: 161382950
MAIL ADDRESS:
STREET 1: 601 UNION STREET, SUITE 2000
CITY: SEATTLE
STATE: WA
ZIP: 98101
4
1
wf-form4_145446706657900.xml
FORM 4
X0306
4
2016-01-28
0
0001518715
HomeStreet, Inc.
HMST
0001529709
VAN AMEN DARRELL
601 UNION STREET, SUITE 2000
SEATTLE
WA
98101
0
1
0
0
EVP, Chief Investment Officer
Common Stock
2016-01-29
4
M
0
903
0
A
25743
D
Common Stock
2286.702
I
HomeStreet, Inc. 401(k) Savings Plan
Restricted Stock Units
2016-01-28
4
A
0
3012
0
A
Common Stock
3012.0
7501
D
Performance Share Units
0.0
2016-01-28
4
A
0
4518
0
A
Common Stock
4518.0
12587
D
Restricted Stock Units
2016-01-29
4
M
0
903
0
D
Common Stock
903.0
6598
D
Common stock acquired upon vesting of Restricted Stock Unit granted on January 29, 2015.
Participants in HomeStreet, Inc.'s 401(k) Savings Plan, or the "401(k) Plan", have the authority to direct voting of shares they hold through the 401(k) Plan.
Each restricted stock unit represents a contingent right to receive one share of HomeStreet common stock.
On January 28, 2016, the reporting person was granted 3,012 restricted stock units (RSUs), which vest incrementally in equal amounts on January 28, 2017, January 28, 2018 and January 28, 2019, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that have vested.
The number of performance share units ("PSUs") represents the maximum number of shares of HomeStreet common stock to which the reporting person will be entitled. The target number of shares associated with the grant is 3,012 shares of common stock. Each PSU represents one share of common stock and will vest depending on the achievement of certain specified performance criteria including the return on average equity for each of HomeStreet's 12 fiscal quarters completed from January 1, 2016 through December 31, 2018.
The PSUs are scheduled to vest in the first quarter of 2019 when the HomeStreet, Inc. Human Resources and Corporate Governance Committee certifies the achievement of the performance goals in accordance with the provisions of the reporting person's award agreement. In the event of a change of control, all outstanding PSUs may vest under certain circumstances at the target award level on the effective date of the change in control.
On January 29, 2015, the reporting person was granted 2,709 restricted stock units (RSUs), which vest incrementally in equal amounts on January 29, 2016, January 29, 2017 and January 29, 2018, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that have vested.
The reporting person's remaining RSUs also include 1,780 RSUs granted on May 29, 2014, which vest incrementally on May 29, 2016 and May 29, 2017 and 3,012 RSUs granted on January 28, 2016, which vest incrementally in equal amounts on January 28, 2017, January 28, 2018 and January 28, 2019, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that have vested.
/s/ Godfrey B. Evans, attorney in fact for Darrell van Amen
2016-02-02