Reginald E. Davis - 01 Dec 2022 Form 4 Insider Report for FLAGSTAR BANCORP INC

Source evidence Original filing metadata and source links for verification. 5 source fields
SEC form
4
Accepted by SEC
05 Dec 2022, 13:32:23 UTC
Prior SEC filing
04 Oct 2022
Next SEC filing
04 Jan 2023
Source filing
View source filing
Reporting owner 1 detail
Reporting owner signature
/s/ Jan M. Klym by Power of Attorney for Mr. Davis

Key filing fact

Reginald E. Davis filed Form 4 for FLAGSTAR BANCORP INC on 05 Dec 2022.

Key facts

  • This page summarizes Reginald E. Davis's Form 4 filing for FLAGSTAR BANCORP INC.
  • 4 reported transactions and 3 derivative rows are listed below.
  • Accepted by SEC: 05 Dec 2022, 13:32.

Change

  • Previous filing in this sequence was filed on 04 Oct 2022.
  • Current net transaction value: $0.

Research use

  • This tells you what this filing adds before you inspect full transaction and derivative tables.
  • You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

(NYSE:FBC) transaction

Flagstar Bancorp, Inc. Common Stock

Disposed to Issuer

Transaction value
Shares
-1,148
Change %
-100%
Price
Shares after
0
Date
01 Dec 2022
Ownership
Direct
Footnotes
F1

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

(NYSE:FBC) transaction Derivative

Restricted Stock Units (NH080320)

Disposed to Issuer

Transaction value
Shares
-6,460
Change %
-100%
Price
Shares after
0
Date
01 Dec 2022
Ownership
Direct
Underlying class
Flagstar Bancorp, Inc. Common Stock
Underlying amount
6,460
Exercise price
Footnotes
F2
(NYSE:FBC) transaction Derivative

Restricted Stock Unit (L052521)

Disposed to Issuer

Transaction value
Shares
-7,977
Change %
-100%
Price
Shares after
0
Date
01 Dec 2022
Ownership
Direct
Underlying class
Flagstar Bancorp, Inc. Common Stock
Underlying amount
7,977
Exercise price
Footnotes
F2
(NYSE:FBC) transaction Derivative

Restricted Stock Unit (L052422)

Disposed to Issuer

Transaction value
Shares
-16,203
Change %
-100%
Price
Shares after
0
Date
01 Dec 2022
Ownership
Direct
Underlying class
Flagstar Bancorp, Inc. Common Stock
Underlying amount
16,203
Exercise price
Footnotes
F2
* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

Reginald E. Davis is no longer subject to Section 16 filing requirements. Form 4 or Form 5 obligations may still apply in specific circumstances.

Explanation of responses 2 footnotes

Footnote F1

Disposed of in connection with the Agreement and Plan of Merger by and among Issuer and New York Community Bancorp, Inc. ("NYCB"), dated April 24, 2021, as amended (the "Merger Agreement"), pursuant to which the Issuer was merged with and into NYCB on December 1, 2022 (the "Effective Time"). Pursuant to the Merger Agreement, as of the Effective Time, each issued and outstanding share of the Issuer's common stock was converted into the right to receive 4.0151 shares of NYCB common stock (the "Exchange Ratio") and cash in lieu of fractional shares, if applicable.

Footnote F2

At the Effective Time of the merger, pursuant to the terms of the Merger Agreement, each Issuer RSU was converted into a time-based restricted stock unit denominated in shares of NYCB Common Stock based on the Exchange Ratio (NYCB "RSUs").

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