Accession Number: | 0001033012-18-000056 |
Date: | 2018-05-22 |
Issuer: | FLAGSTAR BANCORP INC ((NYSE:FBC)) |
Original Submission Date: |
SMITH LEE MATTHEW
C/O FLAGSTAR BANCORP INC.
5151 CORPORATE DRIVE
TROY, MI 48098
Title of Security | Transaction Date | 2a. Deemed Execution Date | Transaction Code | Shares | Acquired or Disposed | Price per share | 5. Amount of Securities Beneficially Owned Following Reported Transaction | 6. Ownership Form Direct or Indirect | Nature of Indirect Ownership |
---|---|---|---|---|---|---|---|---|---|
FLAGSTAR BANCORP, INC. COMMON STOCK | 2018-05-22 | M | 52,977 | a | $0.00 | 124,888 | direct | ||
FLAGSTAR BANCORP, INC. COMMON STOCK | 2018-05-22 | F | 22,476 | d | $0.00 | 102,412 | direct |
Title of Derivative Security | Conversion or Exercise Price of Derivative Security | Transaction Date | Deemed Execution Date | Transaction Code | Number of Derivative Securities Acquired (A) or Disposed of (D) | Date Exercisable | Expiration Date | Title and Amount of Securities Underlying Derivative Security | Price of Derivative Security | Number of derivative Securities Beneficially Owned Following Reported Transaction(s) | Ownership Form: Direct (D) or Indirect (I) | Nature of Indirect Beneficial Ownership |
---|---|---|---|---|---|---|---|---|---|---|---|---|
RESTRICTED STOCK UNIT | 0.0 | 2018-05-22 | deemed execution date | M | 52,977 (d) | flagstar bancorp, inc. common stock 52,977 | $0.00 | 158,930 | direct |
ID | footnote |
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f1 | these shares were surrendered to the issuer to cover the tax obligations on shares for which restrictions have lapsed. |
f2 | each restricted stock unit represents a contingent right to receive one share of flagstar bancorp, inc. common stock. |
f3 | the restricted stock units will fully vest if, for one-hundred twenty consecutive days, the volume-weighted average price per share of flagstar bancorp common stock is $28.00 or more (the "performance hurdle"). the performance hurdle must be achieved within ten years of the grant date. the vested rsus will pay out in five installments, subject to a "quality review," on the date the performance hurdle is attained and on each of the four subsequent annual payout dates. vesting and payout may be adjusted upon certain triggering events, as more fully described in the form 8-k filed by flagstar bancorp on october 26, 2015. |