James Ciroli - 02 Jun 2021 Form 4 Insider Report for FLAGSTAR BANCORP INC

Role: EVP and Chief Financ Officer
Signature: /s/ Jan M Klym, by Power of Attorney for Mr. Ciroli
Issuer symbol: N/A
Transactions as of: 02 Jun 2021
Net transactions value: $0
Form type: 4
Filing time: 04 Jun 2021, 16:06:13 UTC
Previous filing: 27 May 2021
Next filing: 22 Jun 2021
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock	Options Exercise	$0	+1,993	+4.6%	$0.000000	45,279	02 Jun 2021	Direct
transaction	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock	Tax liability	$0	-570	-1.3%	$0.000000	44,709	02 Jun 2021	Direct	F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	(NYSE:FBC)	Restricted Stock Unit (L060220)	Options Exercise	$0	-1,993	-25%	$0.000000	5,977	02 Jun 2021	Flagstar Bancorp, Inc. Common Stock	1,993		Direct	F2, F3

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
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	These restricted stock units were granted on June 2, 2020, and will vest 25% on both the first and second anniversary of the grant date, and the remaining 50% on the third anniversary of the grant date.