Statement of Changes in Beneficial Ownership (4)

Date : 10/04/2018 @ 9:17PM
Source : Edgar (US Regulatory)
Stock : Frontdoor, Inc. (delisted) (FTDRV)
Quote : 41.0  0.0 (0.00%) @ 1:00AM
Frontdoor, Inc. (delisted) share price Chart

Statement of Changes in Beneficial Ownership (4)

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 OF SECURITIES
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Tibbens Rexford
2. Issuer Name and Ticker or Trading Symbol

frontdoor, inc. [ FTDR ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      _____ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President & CEO
(Last)          (First)          (Middle)

150 PEABODY PLACE
3. Date of Earliest Transaction (MM/DD/YYYY)

10/1/2018
(Street)

MEMPHIS, TN 38103-3720
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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     (1) 10/1/2018     A      26191   (2)        (1)   (1) Common Stock   26191   (2)   (1) 26191   (2) D    
Restricted Stock Units     (3) 10/1/2018     A      16369   (2)        (3)   (3) Common Stock   16369   (2)   (3) 16369   (2) D    
Employee Stock Options (Right to Buy)   $38.19   (4) 10/1/2018     A      54452   (2)        (4)   (4) Common Stock   54452   (2)   (4) 54452   (2) D    
Employee Stock Options (Right to Buy)   $38.19   (5) 10/1/2018     A      87122   (2)        (5)   (5) Common Stock   87122   (2)   (5) 87122   (2) D    

Explanation of Responses:
(1)  Each unit is the economic equivalent of one share of frontdoor, inc. (the "Company") common stock. The restricted stock units were granted May 15, 2018 by ServiceMaster Global Holdings, Inc. ("ServiceMaster") and converted into restricted stock units of the Company in connection with the Company's spin-off from ServiceMaster (the "Spin-off"). These restricted stock units become vested and settled in three equal installments on May 15, 2019, 2020 and 2021, subject to continued employment with the Company.
(2)  The number of restricted stock units, stock options 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 Company stock on October 1, 2018.
(3)  Each unit is the economic equivalent of one share of the Company's common stock. The restricted stock units were granted May 15, 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 February 18, 2019, 2020 and 2021, subject to continued employment with the Company.
(4)  The stock options were granted on May 15, 2018 by ServiceMaster and converted into stock options of the Company in connection with the Spin-off, and vest and become exercisable in four equal annual installments on February 18, 2019, 2020, 2021 and 2022, subject to continued employment.
(5)  The stock options were granted on May 15, 2018 by ServiceMaster and converted into stock options of the Company in connection with the Spin-off, and vest and become exercisable in four equal annual installments on May 15, 2019, 2020, 2021 and 2022, subject to continued employment.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Tibbens Rexford
150 PEABODY PLACE
MEMPHIS, TN 38103-3720
X
President & CEO

Signatures
/s/ Jeffrey Fiarman, Attorney-In-Fact for Rexford J. Tibbens 10/3/2018
** 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 control number.

Frontdoor, Inc. (delisted) (NASDAQ:FTDRV)
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