Form Type: 4

SEC EDGAR Link
Accession Number:0001033012-20-000077
Date:2020-08-12
Issuer: FLAGSTAR BANCORP INC ((NYSE:FBC))
Original Submission Date:

Reporting Person:

SMITH LEE MATTHEW
C/O FLAGSTAR BANCORP INC.
5151 CORPORATE DRIVE TROY, MI 48098

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
FLAGSTAR BANCORP, INC. COMMON STOCK 2020-08-12 M 52,976 a $0.00 245,249 direct
FLAGSTAR BANCORP, INC. COMMON STOCK 2020-08-12 M 34,091 a $0.00 279,340 direct
FLAGSTAR BANCORP, INC. COMMON STOCK 2020-08-12 F 37,340 d $0.00 242,000 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED STOCK UNIT 0.0 2020-08-12 deemed execution date M 52,976 (d) flagstar bancorp, inc. common stock 52,976 $0.00 0 direct
RESTRICTED STOCK UNITS (TB32018) 0.0 2020-08-12 deemed execution date M 34,091 (d) flagstar bancorp, inc. common stock 34,091 $0.00 0 direct
Footnotes
IDfootnote
f1 these shares were surrendered to the issuer to cover the tax obligations on shares for which restrictions have lapsed (accelerated vestings).
f2 each restricted stock unit represents a contingent right to receive one share of flagstar bancorp, inc. common stock.
f3 the restricted stock units will fully vest if, for one-hundred twenty consecutive days, the volume-weighted average price per share of flagstar bancorp common stock is $28.00 or more (the "performance hurdle"). the performance hurdle must be achieved within ten years of the grant date. the vested rsus will pay out in five installments, subject to a "quality review," on the date the performance hurdle is attained and on each of the four subsequent annual payout dates. vesting and payout may be adjusted upon certain triggering events, as more fully described in the form 8-k filed by flagstar bancorp on october 26, 2015.
f4 these restricted stock units were granted on march 20, 2018, and will vest 25 percent each on the last business day of 2018, 2019, 2020 and 2021 calendar years.

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