Lee Matthew Smith - Dec 31, 2021 Form 4 Insider Report for FLAGSTAR BANCORP INC ((NYSE:FBC))

Role
EVP and President of Mortgage
Signature
/s/ Jan M Klym by Power of Attorney for Mr. Smith
Stock symbol
(NYSE:FBC)
Transactions as of
Dec 31, 2021
Transactions value $
$0
Form type
4
Date filed
1/4/2022, 03:28 PM
Previous filing
Jun 30, 2021
Next filing
Mar 16, 2022

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 +53.3K +21.5% $0.00 301K Dec 31, 2021 Direct
transaction (NYSE:FBC) Flagstar Bancorp, Inc. Common Stock Options Exercise $0 +53.3K +17.7% $0.00 354K Dec 31, 2021 Direct
transaction (NYSE:FBC) Flagstar Bancorp, Inc. Common Stock Award $0 +9.38K +2.65% $0.00 364K Dec 31, 2021 Direct F1
transaction (NYSE:FBC) Flagstar Bancorp, Inc. Common Stock Award $0 +9.38K +2.58% $0.00 373K Dec 31, 2021 Direct F1
transaction (NYSE:FBC) Flagstar Bancorp, Inc. Common Stock Tax liability $0 -46.5K -12.45% $0.00 327K Dec 31, 2021 Direct F2
transaction (NYSE:FBC) Flagstar Bancorp, Inc. Common Stock Tax liability $0 -8.18K -2.5% $0.00 318K Dec 31, 2021 Direct F3

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 Units (XLPII32018) Options Exercise $0 -53.3K -100% $0.00* 0 Dec 31, 2021 Flagstar Bancorp, Inc. Common Stock 53.3K Direct F4, F5
transaction (NYSE:FBC) Restricted Stock Units (XLPII32018) Options Exercise $0 -53.3K -100% $0.00* 0 Dec 31, 2021 Flagstar Bancorp, Inc. Common Stock 53.3K Direct F4, F6
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The reporting person acquired these shares upon the settlement of certain Performance Share Units of the issuer.
F2 These shares were surrendered to satisfy tax withholding obligations resulting from the settlement of certain Performance Share Units of issuer.
F3 These shares were surrendered to the issuer to cover the tax obligations on shares for which restrictions have lapsed.
F4 Each restricted stock unit represents a contingent right to receive one share of Flagstar Bancorp, Inc. Common Stock.
F5 50 percent of these Restricted Stock Units will vest if, for ninety consecutive days, the volume-weighted average price per share of Flagstar Bancorp common stock is $44.00 or more (the "Performance Hurdle"). The Performance Hurdle must be achieved within ten years of the grant date. The vested RSUs will pay out on the fourth anniversary of the grant date. The remaining 50 percent is subject to annual quality review results. If quality review results are attained the shares will vest on the fourth anniversary of the grant date. Vesting, payout and other adjustments for certain triggering events are more fully described in the Form 8-K to be filed by Issuer on March 23, 2018.
F6 50 percent of these Restricted Stock Units will vest if, for ninety consecutive days, the volume-weighted average price per share of Flagstar Bancorp common stock is $40.00 or more (the "Performance Hurdle"). The Performance Hurdle must be achieved within ten years of the grant date. The vested RSUs will pay out on the fourth anniversary of the grant date. The remaining 50 percent is subject to annual quality review results. If quality review results are attained the shares will vest on the fourth anniversary of the grant date. Vesting, payout and other adjustable triggering events are more fully described in the Form 8-K to be filed by Issuer on March 23, 2018.