0001209191-16-151806.txt : 20161122 0001209191-16-151806.hdr.sgml : 20161122 20161122195615 ACCESSION NUMBER: 0001209191-16-151806 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20161121 FILED AS OF DATE: 20161122 DATE AS OF CHANGE: 20161122 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: PHH CORP CENTRAL INDEX KEY: 0000077776 STANDARD INDUSTRIAL CLASSIFICATION: MISCELLANEOUS BUSINESS CREDIT INSTITUTION [6159] IRS NUMBER: 520551284 STATE OF INCORPORATION: MD FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 3000 LEADENHALL ROAD CITY: MT. LAUREL STATE: NJ ZIP: 08054 BUSINESS PHONE: 856-917-1744 MAIL ADDRESS: STREET 1: 3000 LEADENHALL ROAD CITY: MT. LAUREL STATE: NJ ZIP: 08054 FORMER COMPANY: FORMER CONFORMED NAME: PHH GROUP INC DATE OF NAME CHANGE: 19880913 FORMER COMPANY: FORMER CONFORMED NAME: PETERSON HOWELL & HEATHER INC DATE OF NAME CHANGE: 19790121 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ruggieri Kathryn M CENTRAL INDEX KEY: 0001567774 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-07797 FILM NUMBER: 162014591 MAIL ADDRESS: STREET 1: C/O PHH CORPORATION STREET 2: 3000 LEADENHALL ROAD CITY: MT. LAUREL STATE: NJ ZIP: 08054 4 1 doc4.xml FORM 4 SUBMISSION X0306 4 2016-11-21 0 0000077776 PHH CORP PHH 0001567774 Ruggieri Kathryn M C/O PHH CORPORATION 3000 LEADENHALL ROAD MT. LAUREL NJ 08054 0 1 0 0 SVP and Chief HR Officer Common Stock 2016-11-21 4 D 0 18011 14.58 D 61120 D As reported in the Form 4/A filed on August 18, 2014, 30,017 previously reported unvested restricted stock units ("RSUs") became settleable solely in cash because of a change in control in accordance with the terms of the award. Settlement of any unvested portion of the RSUs occurs upon the earlier of (a) the reporting person's termination of employment (i) by PHH Corporation or its affiliates without cause (as defined under the terms of the award), (ii) due to the reporting person's resignation for good reason (as defined in the award), or (iii) due to the reporting person's retirement (as defined in the award), or (b) the applicable vesting dates of the underlying RSUs, in which case, 12,006 (40%) of the RSUs vested and settled in cash on May 21, 2015, and 18,011(60%) of such RSUs vested on November 21, 2016. The cash amount payable due to settlement of the 18,011 RSUs is $262,600.38, which will be paid on December 2, 2016. Includes 51,885 shares of PHH Corporation common stock underlying unvested RSUs. Each RSU represents the right to receive one share or the fair market value of one share of common stock upon vesting. William F. Brown, Attorney-in-Fact 2016-11-22