SEC FORM 4 SEC Form 4
FORM 4 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
or Section 30(h) of the Investment Company Act of 1940
 
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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Bon Salle Andrew

(Last) (First) (Middle)
C/O HOME POINT CAPITAL INC.
2211 OLD EARHART ROAD, SUITE 250

(Street)
ANN ARBOR MI 48105

(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
Home Point Capital Inc. [ HMPT ]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director 10% Owner
Officer (give title below) Other (specify below)
3. Date of Earliest Transaction (Month/Day/Year)
06/07/2022
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 06/07/2022 M(1) 86,430 A $0 86,430 D
Common Stock 06/07/2022 D(2) 34,572 D $4.45 51,858 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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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 (3) 06/07/2022 M 86,430 (4) (4) Common Stock 86,430 $0 0 D
Restricted Stock Units (3) 06/07/2022 A 22,471 (5) (5) Common Stock 22,471 $0 22,471 D
Explanation of Responses:
1. Each restricted stock unit ("RSU") represents a conditional right to receive one share of the Issuer's common stock. The reporting person settled 40% of his RSUs for cash and 60% of his RSUs for shares of common stock.
2. Represents settlement of 40% of the reporting person's RSUs in cash. No shares of Issuer's common stock were sold as part of this transaction.
3. Each RSU represents a conditional right to receive one share of the Issuer's common stock. The restricted stock units will be settled in the Issuer's common stock or cash (or a combination thereof) at the discretion of the Issuer.
4. 86,430 RSUs were granted on February 2, 2021, which vested on the first regularly scheduled annual meeting of the stockholders of the Issuer in fiscal year 2022.
5. These RSUs vest on the later of (1) the first regularly scheduled meeting of the stockholders of the Issuer in fiscal year 2023 and (2) the 12 month anniversary of the date of grant.
Remarks:
Exhibit List: Exhibit 24 - Power of Attorney
/s/ Jean Weng, Attorney-in-Fact 06/08/2022
** Signature of Reporting Person 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
homepoint-section16poabo
POWER OF ATTORNEY Know all by these presents that the undersigned, does hereby make, constitute and appoint each of William A. Newman, Mark E. Elbaum, Jean Weng and Julianne Ilstrup, or any one of them, as a true and lawful attorney-in-fact of the undersigned with full powers of substitution and revocation, for and in the name, place and stead of the undersigned (in the undersigned’s individual capacity), to execute and deliver such forms that the undersigned may be required to file with the U.S. Securities and Exchange Commission as a result of the undersigned’s ownership of or transactions in securities of Home Point Capital Inc. (the “Company”) (i) pursuant to Section 16(a) of the Securities Exchange Act of 1934, as amended, including without limitation, statements on Form 3, Form 4 and Form 5 (including any amendments thereto) and (ii) in connection with any applications for EDGAR access codes or any other documents necessary or appropriate to obtain codes and passwords enabling the undersigned to make electronic filings with the Securities and Exchange Commission, including without limitation the Form ID. The Power of Attorney shall remain in full force and effect until the undersigned is no longer required to file Forms 3, 4 and 5 with regard to his or her ownership of or transactions in securities of the Company, unless earlier revoked in writing. William A. Newman, Mark E. Elbaum, Jean Weng and Julianne Ilstrup are not assuming any of the undersigned’s responsibilities to comply with Section 16 of the Securities Exchange Act of 1934, as amended. By: /s/ Andrew J. Bon Salle Name: Andrew J. Bon Salle Date: May 4, 2021