Sec Form 4 Filing - Walker David M @ PENNYMAC FINANCIAL SERVICES, INC. - 2015-12-02

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
Walker David M
2. Issuer Name and Ticker or Trading Symbol
PENNYMAC FINANCIAL SERVICES, INC. [ PFSI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Credit Officer
(Last) (First) (Middle)
C/O PENNYMAC FINANCIAL SERVICES, INC., 6101 CONDOR DRIVE
3. Date of Earliest Transaction (MM/DD/YY)
12/02/2015
(Street)
MOORPARK, CA93021
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
Class A Common Stock 12/02/2015 M 5,000 ( 1 ) A 6,168 I The Walker Trust 2002 Dated February 13, 2002, As Amended
Class A Common Stock 12/02/2015 S 5,000 ( 2 ) D $ 16.0582 ( 3 ) 1,168 I The Walker Trust 2002 Dated February 13, 2002, As Amended
Class A Common Stock 12/03/2015 M 5,000 ( 1 ) A 6,168 I The Walker Trust 2002 Dated February 13, 2002, As Amended
Class A Common Stock 12/03/2015 S 5,000 ( 2 ) D $ 16.2468 ( 4 ) 1,168 I The Walker Trust 2002 Dated February 13, 2002, As Amended
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 Derivative 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
Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC ( 1 ) 12/02/2015 M 5,000 ( 1 ) ( 1 ) ( 1 ) Class A Common Stock 5,000 ( 1 ) 913,055 I The Walker Trust 2002 Dated February 13, 2002, As Amended
Cl A Units of Private Nat'l Mortgage Acceptance Company, LLC ( 1 ) 12/03/2015 M 5,000 ( 1 ) ( 1 ) ( 1 ) Class A Common Stock 5,000 ( 1 ) 908,055 I The Walker Trust 2002 Dated February 13, 2002, As Amended
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Walker David M
C/O PENNYMAC FINANCIAL SERVICES, INC.
6101 CONDOR DRIVE
MOORPARK, CA93021
Chief Credit Officer
Signatures
/s/ Derek W. Stark, attorney-in-fact for Mr. Walker 12/04/2015
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Pursuant to the terms of an exchange agreement, Class A Units of Private National Mortgage Acceptance Company, LLC are exchangeable for shares of Class A Common Stock of the Issuer on a one-for-one basis, subject to customary conversion rate adjustments.
( 2 )These shares of Class A Common Stock were sold pursuant to a 10b5-1 plan.
( 3 )The price reported is the weighted average price of multiple transactions ranging from $16.00 to $16.14. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of common shares of beneficial interest and the prices at which the transactions were effected.
( 4 )The price reported is the weighted average price of multiple transactions ranging from $16.08 to $16.51. The reporting person hereby undertakes to provide upon request to the SEC, the Issuer or a security holder of the Issuer the number of common shares of beneficial interest and the prices at which the transactions were effected.

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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).

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