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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
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| Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
| Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) | ||
| 1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
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| Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
| Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC | (2) | 07/26/2017 | M | 5,000 | (2) | (2) | Class A Common Stock | 5,000 (1) | $ 0 | 688,055 | I | The Walker Trust 2002 Dated February 13, 2002, As Amended | |||
| Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC | (2) | 07/27/2017 | M | 5,000 | (2) | (2) | Class A Common Stock | 5,000 (1) | $ 0 | 683,055 | I | The Walker Trust 2002 Dated February 13, 2002, As Amended | |||
| Nonstatutory Stock Option (Right to Buy) | $ 21.03 | 06/13/2014 | 06/12/2023 | Class A Common Stock | 15,882 (7) | 15,882 | D | ||||||||
| Nonstatutory Stock Option (Right to Buy) | $ 17.26 | 02/26/2015 | 02/25/2024 | Class A Common Stock | 28,216 (8) | 28,216 | D | ||||||||
| Nonstatutory Stock Option (Right to Buy) | $ 17.52 | 03/03/2016 | 03/02/2025 | Class A Common Stock | 23,829 (9) | 23,829 | D | ||||||||
| Nonstatutory Stock Option (Right to Buy) | $ 11.28 | 03/07/2017 | 03/06/2026 | Class A Common Stock | 27,771 (10) | 27,771 | D | ||||||||
| Nonstatutory Stock Option (Right to Buy) | $ 18.05 | 03/06/2018 | 03/05/2027 | Class A Common Stock | 17,313 (11) | 17,313 | D | ||||||||
| Reporting Owner Name / Address | Relationships | |||
| Director | 10% Owner | Officer | Other | |
| Walker David M C/O PENNYMAC FINANCIAL SERVICES, INC. 3043 TOWNSGATE ROAD WESTLAKE VILLAGE, CA 91361 |
Chief Risk Officer | |||
| /s/ Derek W. Stark, attorney-in-fact for Mr. Walker | 07/28/2017 | |
| **Signature of Reporting Person | Date |
| * | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
| ** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
| (1) | Represents shares of Class A Common Stock received upon the exchange of Class A Units of Private National Mortgage Acceptance Company, LLC. |
| (2) | Pursuant to the terms of an exchange agreement, Class A Units of Private National Mortgage Acceptance Company, LLC are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis, subject to customary conversion rate adjustments. |
| (3) | These shares of Class A Common Stock were sold pursuant to a 10b5-1 plan. |
| (4) | The price reported is the weighted average price of multiple transactions ranging from $17.45 to $17.65. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Class A Common Stock and the prices at which the transactions were effected. |
| (5) | The price reported is the weighted average price of multiple transactions ranging from $17.55 to $17.85. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of Class A Common Stock and the prices at which the transactions were effected. |
| (6) | The reported amount consists of 6,925 restricted stock units and 10,162 shares of Class A Common Stock. The restricted stock units are to be settled in an equal number of shares of Class A Common Stock upon vesting. |
| (7) | This nonstatutory stock option to purchase 15,882 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of June 13, 2014, 2015 and 2016, subject to the Reporting Person's continued service through each date. |
| (8) | This nonstatutory stock option to purchase 28,216 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of February 26, 2015, 2016 and 2017, subject to the Reporting Person's continued service through each date. |
| (9) | This nonstatutory stock option to purchase 23,829 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 3, 2016, 2017 and 2018, subject to the Reporting Person's committed service through each date. |
| (10) | This nonstatutory stock option to purchase 27,771 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 7, 2017, 2018 and 2019, subject to the Reporting Person's committed service through each date. |
| (11) | This nonstatutory stock option to purchase 17,313 shares of Class A Common Stock of the Issuer will vest as to one-third of the optioned shares on each of March 6, 2018, 2019 and 2020, subject to the Reporting Person's committed service through each date. |