John Michel - 11 Nov 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
Issuer symbol
HMST
Transactions as of
11 Nov 2021
Net transactions value
$0
Form type
4
Filing time
15 Nov 2021, 13:05:26 UTC
Previous filing
05 Aug 2021
Next filing
04 Jan 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction HMST Common Stock Options Exercise $0 +7,740 +21% $0.000000 44,740 11 Nov 2021 Direct
holding HMST Common Stock 9,947 11 Nov 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 -7,740 -34% $0.000000 15,259 11 Nov 2021 Common Stock 7,740 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.