Sec Form 4 Filing - Fregosi Maria N. @ Home Point Capital Inc. - 2021-03-17

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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
Fregosi Maria N.
2. Issuer Name and Ticker or Trading Symbol
Home Point Capital Inc. [ HMPT]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Chief Investment Officer
(Last) (First) (Middle)
C/O HOME POINT CAPITAL INC., 2211 OLD EARHART ROAD, SUITE 250
3. Date of Earliest Transaction (MM/DD/YY)
03/17/2021
(Street)
ANN ARBOR, MI48105
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 03/17/2021 A 182,003 A $ 1.77 309,774 D
Common Stock 03/17/2021 A 8,089 A $ 1.94 317,863 D
Common Stock 03/17/2021 A 26,964 A $ 1.86 344,827 D
Common Stock 03/17/2021 F( 1 ) 105,666 D $ 11.62 239,161 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
Stock Options (Right to Buy) $ 1.77 03/17/2021 M 168,522 ( 2 ) ( 3 ) 04/01/2025 Common Stock 168,522 ( 4 ) 0 D
Stock Options (Right to Buy) $ 1.77 03/17/2021 M 13,481 ( 2 ) ( 3 ) 02/16/2026 Common Stock 13,481 ( 4 ) 0 D
Stock Options (Right to Buy) $ 1.94 03/17/2021 M 8,089 ( 2 ) ( 5 ) 04/16/2028 Common Stock 8,089 ( 4 ) 12,133 D
Stock Options (Right to Buy) $ 1.86 03/17/2021 M 26,964 ( 6 ) 12/05/2028 Common Stock 26,964 ( 4 ) 40,445 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Fregosi Maria N.
C/O HOME POINT CAPITAL INC.
2211 OLD EARHART ROAD, SUITE 250
ANN ARBOR, MI48105
Chief Investment Officer
Signatures
/s/ Maria N. Fregosi 03/19/2021
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares withheld to pay the exercise price of the options and the payment of taxes.
( 2 )The number of options has been decreased by one from the Reporting Person's Form 4 filed on February 4, 2021 due to rounding in connection with the exchange for the "substitute options."
( 3 )These stock options are fully vested.
( 4 )These options represent "substitute" options which were granted in exchange for options previously granted to the Reporting Person by Home Point Capital LP that were exercisable for interests in Home Point Capital LP, in connection with the merger of Home Point Capital LP with and into Home Point Capital Inc. These options have the same intrinsic value as the options they replaced. The options were previously reported on the Reporting Person's Form 3 and Form 4 filed on January 29, 2021 and February 4, 2021, respectively.
( 5 )These stock options vest over five years, with 40 percent of the grant vesting based on continued service through April 16, 2019 and 20 percent of the grant vesting on each of the subsequent anniversaries of such date.
( 6 )These stock options vest over five years, with 40 percent of the grant vesting based on continued service through December 5, 2019 and 20 percent of the grant vesting on each of the subsequent anniversaries of such 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).
** 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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