Sec Form 4 Filing - MFN Partners, LP @ PennyMac Financial Services, Inc. - 2021-06-01

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
MFN Partners, LP
2. Issuer Name and Ticker or Trading Symbol
PennyMac Financial Services, Inc. [ PFSI]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
222 BERKELEY STREET, 13TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
06/01/2021
(Street)
BOSTON, MA02116
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ 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 06/01/2021 P 46,990 A $ 62.67 ( 2 ) 2,831,768 D ( 1 )
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
MFN Partners, LP
222 BERKELEY STREET, 13TH FLOOR
BOSTON, MA02116
X
MFN Partners GP, LLC
222 BERKELEY STREET, 13TH FLOOR
BOSTON, MA02116
X
MFN Partners Management, LP
222 BERKELEY STREET, 13TH FLOOR
BOSTON, MA02116
X
MFN Partners Management, LLC
222 BERKELEY STREET, 13TH FLOOR
BOSTON, MA02116
X
DeMichele Michael
222 BERKELEY STREET, 13TH FLOOR
BOSTON, MA02116
X
Signatures
MFN PARTNERS, LP, By: /s/ Jonathan Reisman, Authorized Signatory 06/03/2021
Signature of Reporting Person Date
MFN PARTNERS GP, LLC, By: /s/ Jonathan Reisman, Authorized Signatory 06/03/2021
Signature of Reporting Person Date
MFN PARTNERS MANAGEMENT, LP, By: /s/ Jonathan Reisman, Authorized Signatory 06/03/2021
Signature of Reporting Person Date
MFN PARTNERS MANAGEMENT, LLC, By: /s/ Jonathan Reisman, Authorized Signatory 06/03/2021
Signature of Reporting Person Date
MICHAEL F. DEMICHELE, By: /s/ Michael F. DeMichele 06/03/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )MFN Partners, LP (the "Partnership") is the holder of the securities reported herein. MFN Partners GP, LLC ("MFN GP") is the general partner of the Partnership. MFN Partners Management, LP ("MFN Management") is the investment adviser to the Partnership. MFN Partners Management, LLC ("MFN LLC") is the general partner of MFN Management. Farhad Nanji and Michael F. DeMichele are each managing members of MFN GP and MFN LLC but disclaim beneficial ownership of the securities held by the Partnership, except to the extent of their pecuniary interest, if any, therein.
( 2 )The price reported in Column 4 is a weighted average price. 46,190 of the shares were purchased at $62.66 and 800 of the shares were purchased at $63.06.

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.

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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