Statement of Changes in Beneficial Ownership (4)
29 Mai 2020 - 11:56PM
Edgar (US Regulatory)
FORM 4
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
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OMB APPROVAL
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3235-0287
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
*
Dittrich Rene |
2. Issuer Name and Ticker or Trading Symbol
Front Yard Residential Corp
[
RESI
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5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Accounting Officer |
(Last)
(First)
(Middle)
C/O AAMC, 5100 TAMARIND REEF |
3. Date of Earliest Transaction
(MM/DD/YYYY)
5/26/2020 |
(Street)
CHRISTIANSTED, VI 00820
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line)
_X
_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 5/26/2020 | | D(1) | | 3223.0000 (1) | D | $7.1000 (1) | 53334.0000 (2) | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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1. Title of Derivate Security (Instr. 3) | 2. Conversion or Exercise Price of Derivative Security | 3. Trans. Date | 3A. Deemed Execution Date, if any | 4. Trans. Code (Instr. 8) | 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) | 6. Date Exercisable and Expiration Date | 7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4) | 8. Price of Derivative Security (Instr. 5) | 9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) | 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) | 11. Nature of Indirect Beneficial Ownership (Instr. 4) |
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares |
Explanation of Responses: |
(1) | Such 3,223 shares were forfeited by the reporting person to cover the tax withholdings on the May 26, 2020 vesting of Common Stock pursuant to the terms of the Company's 2016 Equity Incentive Plan and under the service-based RSU Agreements, dated May 26, 2017 and May 24, 2018, and the market-based RSU Agreement between the reporting person and the Company, dated May 24, 2018. The price per share used to determine the tax withholdings was the closing share price of the Company's Common Stock on the May 26, 2020 vesting date. |
(2) | Includes an aggregate of 17,104 remaining unvested service-based and market-based RSUs, which, upon vesting, settle for shares of Common Stock, subject to acceleration or forfeiture. |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
Dittrich Rene C/O AAMC, 5100 TAMARIND REEF CHRISTIANSTED, VI 00820 |
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| Chief Accounting Officer |
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Signatures
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Stephen H. Gray, Attorney-in-Fact | | 5/28/2020 |
**Signature of Reporting Person | Date |
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