John Michel - Nov 11, 2021 Form 4 Insider Report for HomeStreet, Inc. (HMST)

Role
EVP, Chief Financial Officer
Signature
/s/ Donna M. Cochener, Attorney in fact for John Michel
Stock symbol
HMST
Transactions as of
Nov 11, 2021
Transactions value $
$0
Form type
4
Date filed
11/15/2021, 01:05 PM
Previous filing
Aug 5, 2021
Next filing
Jan 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HMST Common Stock Options Exercise $0 +7.74K +20.92% $0.00 44.7K Nov 11, 2021 Direct
holding HMST Common Stock 9.95K Nov 11, 2021 J Michel and R Michel TTEE, The Michel Family Tr U/A DTD 6/14/18 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 HMST Restricted Stock Units Options Exercise $0 -7.74K -33.65% $0.00 15.3K Nov 11, 2021 Common Stock 7.74K Direct F2, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Mr. Michel and his spouse, Rosetta Michel, are the co-trustees and beneficiaries of the J Michel and R Michel TTEE, The Michel Family Tr U/A DTD 6/14/18, and share voting and investment power over the assets of the trust.
F2 Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of HomeStreet common stock. RSUs do not require the holder to pay any consideration on vesting.
F3 On May 11, 2020, the reporting person was granted 23,220 RSUs, which vest incrementally in equal amounts on November 11, 2020, November 11, 2021, and November 11, 2022, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.
F4 The reporting person's remaining RSUs includes 7,740 RSUs granted on May 11, 2020, which vest on November 11, 2022, 3,614 RSUs granted on May 26, 2020, which vest incrementally in equal amounts on May 26, 2022 and May 26, 2023, respectively and 3,905 RSUs granted on January 1, 2021, of which 1,301 shares vest on January 1, 2022, and 1,302 shares vest on each of January 1, 2023 and January 1, 2024. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.