Bryan Marx - 01 Dec 2022 Form 4 Insider Report for FLAGSTAR BANCORP INC

Reporting relationship: EVP Chief Accting Officer(PAO)
Issuer ticker: N/A
Reported as of: 01 Dec 2022
Net transaction value: $0
SEC form: 4
Accepted by SEC: 05 Dec 2022, 13:45:11 UTC
Prior SEC filing: 22 Jun 2022
Next SEC filing: 03 Apr 2023
Source filing: View source filing
Reporting owner signature: /s/ Jan M Klym, By Power of Attorney for Mr. Marx

Key filing fact

Bryan Marx filed Form 4 for FLAGSTAR BANCORP INC on 05 Dec 2022.

Key facts

This page summarizes Bryan Marx's Form 4 filing for FLAGSTAR BANCORP INC.
6 reported transactions and 3 derivative rows are listed below.
Accepted by SEC: 05 Dec 2022, 13:45.

Change

Previous filing in this sequence was filed on 22 Jun 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

Award

Transaction value: $0
Shares: +2,922
Change %: +21%
Price: $0.000000
Shares after: 16,707
Date: 01 Dec 2022
Ownership: Direct
Footnotes: F1

(NYSE:FBC) transaction

Flagstar Bancorp, Inc. Common Stock

Tax liability

Transaction value: $0
Shares: -2,168
Change %: -13%
Price: $0.000000
Shares after: 14,539
Date: 01 Dec 2022
Ownership: Direct

(NYSE:FBC) transaction

Flagstar Bancorp, Inc. Common Stock

Disposed to Issuer

Transaction value
Shares: -14,539
Change %: -100%
Price
Shares after: 0
Date: 01 Dec 2022
Ownership: Direct
Footnotes: F2

Reported derivative securities

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

(NYSE:FBC) transaction Derivative

Restricted Stock Unit (L060220)

Disposed to Issuer

Transaction value
Shares: -797
Change %: -100%
Price
Shares after: 0
Date: 01 Dec 2022
Ownership: Direct
Underlying class: Flagstar Bancorp, Inc. Common Stock
Underlying amount: 797
Exercise price
Footnotes: F3

(NYSE:FBC) transaction Derivative

Restricted Stock Unit (L052521)

Disposed to Issuer

Transaction value
Shares: -1,679
Change %: -100%
Price
Shares after: 0
Date: 01 Dec 2022
Ownership: Direct
Underlying class: Flagstar Bancorp, Inc. Common Stock
Underlying amount: 1,679
Exercise price
Footnotes: F3

(NYSE:FBC) transaction Derivative

Restricted Stock Unit (L052422)

Disposed to Issuer

Transaction value
Shares: -2,701
Change %: -100%
Price
Shares after: 0
Date: 01 Dec 2022
Ownership: Direct
Underlying class: Flagstar Bancorp, Inc. Common Stock
Underlying amount: 2,701
Exercise price
Footnotes: F3

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Section 16 status

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

Explanation of responses 3 footnotes

Footnote F1

The reporting person acquired these shares upon the settlement of certain Performance Share Units (PSUs) of the issuer, accelerated at merger. The PSUs were originally granted on June 2, 2020 under the Issuer's 2016 Stock Award and Incentive Plan.

Footnote F2

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 F3

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").