MFN Partners Management, LP's Form 4 filing
PennyMac Financial Services, Inc. (PFSI) · filed Nov 30, 2021
- Accession no.
- 0000904454-21-000817
- Filed
- Nov 30, 2021, 11:05 AM ET
- Trade date
- Nov 26-29, 2021
- Filing delay
- 4 days
- Rule 10b5-1 plan
- Not on the form (before 2023)
This filing lists 2 non-derivative transactions. Open-market purchases total $10.5M. It was filed 4 days after the trade.
Reporting owners
A Form 4 can have several reporting owners, such as a person and a fund they control. Trade tables show the first one.
| Owner | Relationship to the company |
|---|---|
| MFN Partners Management, LPCIK 0001732811 | Director |
| MFN Partners, LPCIK 0001732960 | Director |
| DeMichele MichaelCIK 0001814117 | Director |
| MFN Partners GP, LLCCIK 0001814126 | Director |
| MFN Partners Management, LLCCIK 0001814127 | Director |
Non-derivative securities (Table I)
Acquisitions and disposals of common stock and similar shares, one row per line on the filing.
| Trade date | Security | Transaction | Shares | Price | Value | Shares after | Ownership | Flags |
|---|---|---|---|---|---|---|---|---|
| Nov 26, 2021 | Common Stock | PPurchaseAcquired | +9,002 | $64.88 | +$584,049.76 | 3,823,666 | Direct | Duplicate filing |
| Nov 29, 2021 | Common Stock | PPurchaseAcquired | +151,852 | $64.98F2 | +$9,867,342.96 | 3,975,518 | Direct | Duplicate filing |
Footnotes and remarks
Livermore keeps the footnotes that transaction prices refer to, all footnotes of amendments (Form 4/A) and the filing's remarks. Other footnotes, such as how indirect holdings are held or the details of a trading plan, are only in the original on SEC EDGAR.
- F2
The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $64.92 to $65.00. The Reporting Persons undertake to provide to the Issuer, any shareholder of the Issuer, or the staff of the Securites and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in this footnote.
Referenced by the price of 1 transaction in Table I.
Remarks
Remarks: Farhad Nanji, a managing member of each of MFN GP and MFN LLC, has been deputized to represent the Reporting Persons on the board of directors of the Issuer. By virtue of Mr. Nanji's representation, for purposes of Section 16 of the Securities Exchange Act of 1934 (the "Exchange Act"), each of the Reporting Persons may be deemed directors by deputization of the Issuer. Mr. Nanji files separate Section 16 reports disclosing the securities of the Issuer that he may be deemed to beneficially own for purposes of Section 16. This filing shall not be deemed an admission that any Reporting Person beneficially owns the securities reported herein for purposes of Section 16 of the Exchange Act or otherwise, or is subject to Section 16 of the Exchange Act, and each Reporting Person disclaims beneficial ownership of such securities, except to the extent of such Reporting Person's pecuniary interest, if any, therein.