Alessandro DiNello - 19 Apr 2022 Form 4 Insider Report for FLAGSTAR BANCORP INC

Role: CEO and President, Director
Signature: /s/ Jan M Klym, By Power of Attorney of Mr. DiNello
Issuer symbol: N/A
Transactions as of: 19 Apr 2022
Net transactions value: $0
Form type: 4
Filing time: 21 Apr 2022, 17:20:23 UTC
Previous filing: 24 Mar 2022
Next filing: 05 Dec 2022
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	+3,551	+2.5%	$0.000000	147,672	19 Apr 2022	Direct
transaction	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock	Options Exercise	$0	+3,552	+2.4%	$0.000000	151,224	19 Apr 2022	Direct
transaction	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock	Tax liability	$0	-1,830	-1.2%	$0.000000	149,394	19 Apr 2022	Direct	F1
holding	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock						218,000	19 Apr 2022	By SLAT	F2
holding	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock						206,400	19 Apr 2022	by Wife's SLAT	F3
holding	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock						29,100	19 Apr 2022	By CRUTrust	F4
holding	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock						6,690	19 Apr 2022	By Trust fbo gchild AD	F5
holding	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock						6,690	19 Apr 2022	By Trust fbo gchild DD	F5
holding	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock						5,630	19 Apr 2022	By Trust fbo gchild LeoG	F5
holding	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock						3,630	19 Apr 2022	By Trust fbo gchild MG	F5
holding	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock						1,274	19 Apr 2022	By IRA
holding	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock						630	19 Apr 2022	By Trust fbo LukeG	F5
holding	(NYSE:FBC)	Flagstar Bancorp, Inc. Common Stock						206	19 Apr 2022	By Wife's Trust	F6

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	-3,551	-50%	$0.000000	3,551	19 Apr 2022	Flagstar Bancorp, Inc. Common Stock	3,551		Direct	F7, F8
transaction	(NYSE:FBC)	Restricted Stock Units (XLPII32018)	Options Exercise	$0	-3,552	-50%	$0.000000	3,551	19 Apr 2022	Flagstar Bancorp, Inc. Common Stock	3,552		Direct	F7, F9

* 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	Spousal Lifetime Access Trust (SLAT) wherein reporting person's spouse is initial trustee and beneficiary.
F3	Spousal Lifetime Access Trust (SLAT) wherein reporting person is initial trustee and beneficiary.
F4	These shares are held in a charitable remainder unitrust of which the reporting person is a trustee and of which the reporting person and his wife are beneficiaries. The reporting person continues to report beneficial ownership of all of the FBC common stock held by the trust but disclaims beneficial ownership except to the extent of his and his wife's pecuniary interest therein.
F5	These shares are held in a trust for the benefit of the reporting person's grandchild. The reporting person's spouse is a co-trustee of the trust. The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F6	The reporting person disclaims beneficial ownership of these securities, and the filing of this report is not an admission that the reporting person is the beneficial owner of these securities for purposes of Section 16 or for any other purpose.
F7	Each restricted stock unit represents a contingent right to receive one share of Flagstar Bancorp, Inc. Common Stock.
F8	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.
F9	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 adjustable triggering events are more fully described in the Form 8-K to be filed by Issuer on March 23, 2018.