Insider filing report for Changes in Beneficial Ownership
- Schedule 13G & 13D forms are used to report a party's ownership of stock which exceeds 5% of a company's total stock issue.
- Schedule 13G is a shorter version of Schedule 13D with fewer reporting requirements.
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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment #1)
PennyMac Financial Services, Inc.
(Name of Issuer)
Common Stock, par value $0.0001
(Title of Class of Securities)
| 70932M107 |
(CUSIP Number)
November 18, 2021
(Date of Event which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
¨ Rule 13d-1(b)
¨ Rule 13d-1(c)
x Rule 13d-1(d)
* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.
The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 ( “Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).
| Schedule 13G | Page 2 of 7 Pages |
CUSIP NO. 70932M107
|
1 |
Names of Reporting Persons: | |||||
|
|
I.R.S. Identification Nos. of above person (entities only) | |||||
|
|
Sheila Kurland
| |||||
|
2 |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||||
|
|
(a) o (b) ¨ | |||||
|
3 |
SEC Use Only | |||||
|
4 |
Citizenship or Place of Organization
| |||||
|
|
United States | |||||
Number |
5 |
Sole Voting Power | |||||
&#x A0; |
146,993 | ||||||
6 |
Shared Voting Power | ||||||
|
0 | ||||||
7 |
Sole Dispositive Power | ||||||
|
146,993 | ||||||
8 |
Shared Dispositive Power | ||||||
|
|
0 | |||||
|
9 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
|
|
146,993 | |||||
|
10 |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares | |||||
|
11 |
Percent of Class Represented by Amount in Row (9) | |||||
|
|
.1% | |||||
|
12 |
Type of Reporting Person (See Instructions) | |||||
|
|
Individual | |||||
| CUSIP NO. 70932M107 | Schedule 13G | Page 3 of 7 Pages |
|
1 |
Names of Reporting Persons: | |||||
|
|
I.R.S. Identification Nos. of above person (entities only) | |||||
|
|
Kurland Family Investments, LLC
| |||||
|
2 |
Check the Appropriate Box if a Member of a Group (See Instructions) | |||||
|
|
(a) o (b) ¨ | |||||
|
3 |
SEC Use Only | |||||
|
4 |
Citizenship or Place of Organization
| |||||
|
|
California | |||||
Number |
5 |
Sole Voting Power | |||||
|
31,449 | ||||||
6 |
Shared Voting Power | ||||||
|
0 | ||||||
7 |
Sole Dispositive Power | ||||||
|
31,449 | ||||||
8 |
Shared Dispositive Power | ||||||
|
|
0 | |||||
|
9 |
Aggregate Amount Beneficially Owned by Each Reporting Person | |||||
|
|
31,449 | |||||
|
10 |
Check Box if the Aggregate Amount in Row (9) Excludes Certain Shares | |||||
|
11 |
Percent of Class Represented by Amount in Row (9) | |||||
|
|
.1% | |||||
|
12 |
Type of Reporting Person (See Instructions) | |||||
|
|
CO | |||||
| CUSIP NO. 70932M107 | Schedule 13G | Page 4 of 7 Pages |
Item 1.
| (a) | Name of Issuer | |
| PennyMac Financial Services, Inc. | ||
| (b) | Address of Issuer's Principal Executive Offices | |
| 3043 Townsgate Road, Westlake Village, CA 91361 |
Item 2.
| (a) | Name of Person Filing: | |
| This amended Schedule 13G is filed by Kurland Family Investments, LLC (the “Family LLC”) and Sheila Kurland (“Ms. Kurland” and, together with the Family LLC, the “Reporting Persons”) pursuant to a Joint Reporting Agreement, a copy of which is attached as Exhibit 99.1 hereto. Ms. Kurland is the sole manager of the Family LLC and, in that capacity, may be deemed to be the beneficial owner of the shares of common stock of the Issuer held by the Family LLC. Ms. Kurland is also the sole trustee of the 1998 Kurland Family Revocable Trust (the “Family Trust”) and, in th at capacity, may be deemed to be the beneficial owner of the 115,544 shares of common stock of the Issuer held by the Family Trust. Ms. Kurland disclaims beneficial ownership of such shares except to the extent of her pecuniary interest therein. | ||
| (b) | Address of Principal Business Office or, if none, Residence | |
| 3043 Townsgate Road, Westlake Village, CA 91361 | ||
| (c) | Citizenship | |
| The Family LLC is a limited liability company organized under the laws of California and Ms. Kurland is a citizen of the United States. | ||
| (d) | Title of Class of Securities: | |
| Common Stock, par value $0.0001 per share | ||
| (e) | CUSIP Number | |
| 70932M107 |
| Item 3. | If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: |
| Not Applicable |
| Item 4. | Ownership |
| Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. |
| CUSIP NO. 70932M107 | Schedule 13G | Page 5 of 7 Pages |
| I. | Ms. Kurland | |
| (a) | Amount Beneficially Owned: | |
| 146,993 | ||
| (b) | Percent of Class: | |
| .1% | ||
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote. | |
| 146,993 | ||
| (ii) | Shared power to vote or to direct the vote. | |
| 0 | ||
| (iii) | Sole power to dispose or to direct the disposition of. | |
| 146,993 | ||
| (iv) | Shared power to dispose or to direct the disposition of. | |
| 0 | ||
| II. | The Family LLC | |
| (a) | Amount Beneficially Owned: | |
| 31,449 | ||
| (b) | Percent of Class: | |
| .1% | ||
| (c) | Number of shares as to which such person has: |
| (i) | Sole power to vote or to direct the vote. | |
| 31,449 | ||
| (ii) | Shared power to vote or to direct the vote. | |
| 0 | ||
| (iii) | Sole power to dispose or to direct the disposition of. | |
| 31,449 | ||
| (iv) | Shared power to dispose or to direct the disposition of. | |
| 0 |
| CUSIP NO. 70932M107 | Schedule 13G | Page 6 of 7 Pages |
| Item 5. | Ownership of Five Percent or Less of a Class |
| If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following. x | |
| Item 6. | Ownership of More than Five Percent on Behalf of Another Person |
| Not Applicable. | |
| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person Not Applicable. |
| Item 8. | Identification and Classification of Members of the Group |
| Not Applicable. | |
| Item 9. | Notice of Dissolution of Group |
| Not Applicable. | |
| Item 10. | Certification |
| Not Applicable. |
| Exhibits | Exhibit |
| 99.1 | Joint Filing Agreement by and among the Reporting Persons. |
| CUSIP NO. 70932M107 | Schedule 13G | Page 7 of 7 Pages |
SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief, the undersigned certify that the information set forth in this Statement is true, complete and correct.
Dated: November 18, 2021
| /s/Sheila Kurland | |
| Sheila Kurland | |
| KURLAND FAMILY INVESTMENTS, LLC | |
| /s/ Derek W. Stark, attorney-in-fact for Kurland Family Investments, LLC | |
| Derek W. Stark, attorney-in-fact for Kurland Family Investments, LLC |