Sec Form 4 Filing - Turcotte Brian K @ frontdoor, inc. - 2018-10-01

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
Turcotte Brian K
2. Issuer Name and Ticker or Trading Symbol
frontdoor, inc. [ FTDR]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Sr. VP & CFO
(Last) (First) (Middle)
150 PEABODY PLACE
3. Date of Earliest Transaction (MM/DD/YY)
10/01/2018
(Street)
MEMPHIS, TN38103-3720
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 1,184 ( 1 ) D
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
Restricted Stock Units ( 2 ) 10/01/2018 A 1,258 ( 3 ) ( 2 ) ( 2 ) Common Stock 1,258 ( 3 ) ( 2 ) 1,258 ( 3 ) D
Restricted Stock Units ( 4 ) 10/01/2018 A 3,243 ( 3 ) ( 4 ) ( 4 ) Common Stock 3,243 ( 3 ) ( 4 ) 3,243 ( 3 ) D
Restricted Stock Units ( 5 ) 10/01/2018 A 3,618 ( 3 ) ( 5 ) ( 5 ) Common Stock 3,618 ( 3 ) ( 5 ) 3,618 ( 3 ) D
Restricted Stock Units ( 6 ) 10/01/2018 A 6,476 ( 3 ) ( 6 ) ( 6 ) Common Stock 6,476 ( 3 ) ( 6 ) 6,476 ( 3 ) D
Employee Stock Options (Right to Buy) $ 7.65 ( 7 ) 10/01/2018 A 6,539 ( 3 ) ( 7 ) ( 7 ) Common Stock 6,539 ( 3 ) ( 7 ) 6,539 ( 3 ) D
Employee Stock Options (Right to Buy) $ 21.51 ( 8 ) 10/01/2018 A 8,298 ( 3 ) ( 8 ) ( 8 ) Common Stock 8,298 ( 3 ) ( 8 ) 8,298 ( 3 ) D
Employee Stock Options (Right to Buy) $ 26.49 ( 9 ) 10/01/2018 A 8,256 ( 3 ) ( 9 ) ( 9 ) Common Stock 8,256 ( 3 ) ( 9 ) 8,256 ( 3 ) D
Employee Stock Options (Right to Buy) $ 25.7 ( 10 ) 10/01/2018 A 14,179 ( 3 ) ( 10 ) ( 10 ) Common Stock 14,179 ( 3 ) ( 10 ) 14,179 ( 3 ) D
Employee Stock Options (Right to Buy) $ 36.63 ( 11 ) 10/01/2018 A 11,150 ( 3 ) ( 11 ) ( 11 ) Common Stock 11,150 ( 3 ) ( 11 ) 11,150 ( 3 ) D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Turcotte Brian K
150 PEABODY PLACE
MEMPHIS, TN38103-3720
Sr. VP & CFO
Signatures
/s/ Jeffrey Fiarman, Attorney-In-Fact for Brian K. Turcotte 10/03/2018
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Reflects shares of common stock of frontdoor, inc. (the "Company") issued pursuant to the dividend declared by ServiceMaster Global Holdings, Inc. ("ServiceMaster") and paid on October 1, 2018 related to the spin-off of the Company from ServiceMaster (the "Spin-off'"). ServiceMaster stockholders received one share of the Company common stock for every two ServiceMaster common shares held as of the record date of September 14, 2018.
( 2 )Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted February 22, 2016 by ServiceMaster and converted into restricted stock units of the Company in connection with the Spin-off. These restricted stock units become vested and settled on February 22, 2019, subject to continued employment with the Company.
( 3 )The number of restricted stock units, stock opt ions and the exercise price for the stock options were all adjusted in connection with the Spin-off based on the closing price of ServiceMaster's stock on September 28, 2018 and the opening price of the Company stock on October 1, 2018.
( 4 )Each unit is the economic equivnlent of one share of the Company's common stock. The restricted stock units were granted February 20, 2017 by ServiceMaster and converted into restricted stock units of the Company in connection with the Spin-off. These restricted stock units become vested and settled in two equal installments on February 20, 2019 and 2020, subject to continued employment with the Company.
( 5 )Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted February 18, 2018 by ServiceMaster and converted into restricted stock units of the Company in connection with the Spin-off. These resticted stock units become vested and settled in three equal installments on February 18, 2019, 2020 and 2021, subject to continued employment with the Company.
( 6 )Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted July 23, 2018 by ServiceMaster and converted into restricted stock units of the Company in connection with the Spin-off. These restricted stock units become vested and settled in three equal installments on July 23, 2019, 2020 and 2021, subject to continued employment with the Company.
( 7 )The stock options were granted on September 13, 2013 by ServiceMaster and converted into stock options of the Company in connection with the Spin-off. These stock options are fully vested and exercisable.
( 8 )The stock options were granted on February 24, 2015 by ServiceMaster and converted into stock options of the Company in connection with the Spin-off. These stock options vest and become exercisable in four equal annual installments on February 24, 2016, 2017, 2018 and 2019, subject to continued employment.
( 9 )The stock options were granted on February 22, 2016 by Service Master and converted into stock options of the Company in connection with the spin-off. These stock options vest and become exercisable in four equal annual installments on February 22, 2017, 2018, 2019 and 2020, subject to continued employment.
( 10 )The stock options were granted on February 20, 2017 by Service Master and converted into stock options of the Company in connection with the spin-off. These stock options vest and become exercisable in four equal annual installments on February 20, 2018, 2019, 2020 and 2021, subject to continued employment.
( 11 )The stock options were granted on February 18, 2018 by Service Master and converted into stock options of the Company in connection with the spin-off. These stock options vest and become exercisable in four equal annual installments on February 18, 2019, 2020, 2021 and 2022, subject to continued employment.

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