0001225208-20-005812.txt : 20200401 0001225208-20-005812.hdr.sgml : 20200401 20200401204143 ACCESSION NUMBER: 0001225208-20-005812 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200330 FILED AS OF DATE: 20200401 DATE AS OF CHANGE: 20200401 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ellison George G CENTRAL INDEX KEY: 0001634612 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35657 FILM NUMBER: 20767135 MAIL ADDRESS: STREET 1: 402 STRAND STREET CITY: FREDERIKSTED STATE: VI ZIP: 00840-3531 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Front Yard Residential Corp CENTRAL INDEX KEY: 0001555039 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 460633510 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 5100 TAMARIND REEF CITY: CHRISTIANSTED STATE: VI ZIP: 00820 BUSINESS PHONE: 340-692-1055 MAIL ADDRESS: STREET 1: 5100 TAMARIND REEF CITY: CHRISTIANSTED STATE: VI ZIP: 00820 FORMER COMPANY: FORMER CONFORMED NAME: Altisource Residential Corp DATE OF NAME CHANGE: 20120726 4 1 doc4.xml X0306 4 2020-03-30 0001555039 Front Yard Residential Corp RESI 0001634612 Ellison George G C/O AAMC, 5100 TAMARIND REEF CHRISTIANSTED VI 00820 VIRGIN ISLANDS, U.S. 1 1 Chief Executive Officer Common Stock 2020-03-30 4 A 0 142020.0000 0.0000 A 704902.0000 D Common Stock 2020-03-30 4 D 0 28414.0000 11.9400 D 676488.0000 D On March 29, 2019, the Company granted 142,020 market-based restricted stock units ("RSUs") to the reporting person, pursuant to which vesting was contingent upon the price of the Company's Common Stock meeting a prescribed performance goal (the "Performance Goal"). If the Performance Goal is achieved within the first year of grant, the market-based RSUs commence vesting on the one-year anniversary of grant or the next business day if the anniversary is on a weekend or holiday. In 2019, the Performance Goal was attained, and the first installment of 47,340 shares vested on March 30, 2020. The remaining portion of the market-based RSUs vest in equal annual installments on each of the second and third anniversaries of the grant date, subject to acceleration or forfeiture, and upon vesting, settle for shares of Common Stock. Not applicable. Includes an aggregate of 313,699 remaining unvested service-based and market-based RSUs, which, upon vesting, settle for shares of Common Stock, subject to acceleration or forfeiture. Such 28,414 shares were forfeited by the reporting person to cover the tax withholdings on the March 30, 2020 vesting of Common Stock pursuant to the terms of the Company's 2016 Equity Incentive Plan and under the service-based RSU Agreement and the market-based RSU Agreement between the reporting person and the Company, each dated March 29, 2019. The price per share used to determine the tax withholdings was the closing share price of the Company's Common Stock on the March 30, 2019 vesting date. Includes an aggregate of 288,528 remaining unvested service-based and market-based RSUs, which, upon vesting, settle for shares of Common Stock, subject to acceleration or forfeiture. Stephen H. Gray, Attorney-in-Fact 2020-04-01