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