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