Sec Form 4 Filing - BENNION RICHARD W H @ HomeStreet, Inc. - 2018-01-26

Insider filing report for Changes in Beneficial Ownership
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FORM 4
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
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
BENNION RICHARD W H
2. Issuer Name and Ticker or Trading Symbol
HomeStreet, Inc. [ HMST]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
EVP - Res. Lending Director
(Last) (First) (Middle)
601 UNION STREET, SUITE 2000
3. Date of Earliest Transaction (MM/DD/YY)
01/26/2018
(Street)
SEATTLE, WA98101
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Common Stock 01/26/2018 M 230 A $ 0 ( 1 ) 21,821 ( 2 ) I Bennion Revocable Living Trust dated 12/19/02 ( 3 )
Common Stock 01/28/2018 M 298 A $ 0 ( 4 ) 22,119 ( 2 ) I Bennion Revocable Living Trust dated 12/19/02 ( 3 )
Common Stock 01/29/2018 M 339 A $ 0 ( 5 ) 22,458 ( 2 ) I Bennion Revocable Living Trust dated 12/19/02 ( 3 )
Common Stock 10,070.4 D ( 6 )
Common Stock 0.055 I HomeStreet, Inc. 401(k) Savings Plan ( 7 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivat ive Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(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
Restricted Stock Units ( 8 ) 01/26/2018 M 230 ( 9 ) ( 9 ) Common Stock 230 $ 0 1,395 D
Restricted Stock Units ( 8 ) 01/28/2018 M 298 ( 10 ) ( 10 ) Common Stock 298 $ 0 1,097 D
Restricted Stock Units ( 8 ) 01/29/2018 M 339 ( 11 ) ( 11 ) Common Stock 339 $ 0 758 D
Restricted Stock Units ( 8 ) 01/29/2018 A 633 ( 12 ) ( 12 ) Common Stock 633 $ 0 1,391 ( 13 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
BENNION RICHARD W H
601 UNION STREET, SUITE 2000
SEATTLE, WA98101
EVP - Res. Lending Director
Signatures
/s/ Donna M. Cochener, Attorney in fact for Richard W.H. Bennion 01/31/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Common stock acquired upon vesting of Restricted Stock Units ("RSUs") granted on January 26, 2017.
( 2 )Common stock awarded to the reporting person pursuant to the vesting of RSUs are immediately deposited into the Bennion Revocable Living Trust dated 12/19/02 as per the reporting person's instructions.
( 3 )Mr. Bennion is the co-trustee with Diane Bennion for the Bennion Revocable Living Trust dated 12/19/02.
( 4 )Common stock acquired upon vesting of RSUs granted on January 28, 2016.
( 5 )Common stock acquired upon vesting of Restricted Stock Units ("RSUs") granted on January 29, 2015.
( 6 )The reporting person previously reported that 273 shares were owned directly by the reporting person and that 31,388.4 shares were owned indirectly by the reporting person through the Bennion Revocable Living Trust dated 12/19/02 (the "Trust"), when in fact the reporting person owned 10,070.4 shares directly and 21,591 shares indirectly through the Trust as of the date of the last report filed by the reporting person.
( 7 )Participants in HomeStreet, Inc.'s 401(k) Savings Plan, or the "401(k) Plan", have the authority to direct voting of shares they hold through the 401(k) Plan.
( 8 )Each RSU represents a contingent right to receive one share of HomeStreet common stock. RSUs do not require the holder to pay any consideration on vesting.
( 9 )On January 26, 2017, the reporting person was granted 690 RSUs, which vest incrementally in equal amounts on January 26, 2018, January 26, 2019 and January 26, 2020, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.
( 10 )On January 28, 2016, the reporting person was granted 894 RSUs, which vest incrementally in equal amounts on January 28, 2017, January 28, 2018 and January 28, 2019, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.
( 11 )On January 29, 2015, the reporting person was granted 1,017 RSUs, which vest incrementally in equal amounts on January 29, 2016, January 29, 2017, and January 29, 2018, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.
( 12 )On January 29, 2018, the reporting person was granted 633 RSUs, which vest incrementally in equal amounts on January 29, 2019, January 29, 2020 and January 29, 2021, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.
( 13 )The reporting person's remaining RSUs includes 298 RSUs granted on January 28, 2016, which vest on January 28, 2019, and 460 RSUs granted on January 26, 2017, which vest incrementally in equal amounts on January 26, 2019 and January 26, 2020, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that vest on that date.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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