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If the form is filed by more than one reporting person, see Instruction 5(b)(v). |
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Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) |
Participants in HomeStreet, Inc.'s 401(k) Savings Plan, or the "401(k) Plan", have the authority to direct voting of shares they hold through the 401(k) Plan. |
(2) |
Includes 2,044 restricted stock units ("RSUs") that vest incrementally on February 27, 2017 and February 27, 2018, respectively, and 2,628 RSUs that vest incrementally on January 28, 2017, January 28, 2018 and January 28, 2019, respectively. In the event of a change in control, all unvested RSUs may vest immediately under certain circumstances. Upon vesting, the reporting person will receive a number of shares of HomeStreet common stock equal to the number of RSUs that have vested. |
(3) |
Each RSU represents a contingent right to receive one share of HomeStreet common stock. |
(4) |
A maximum of 4,599 performance share units ("PSUs") are scheduled to vest in the first quarter of 2018 and a maximum of 3,942 PSUs are scheduled to vest in the first quarter of 2019, in each case when the HomeStreet, Inc. Human Resources and Corporate Governance Committee certifies the achievement of the performance goals associated with each award in accordance with the provisions of the reporting person's respective award agreements. In the event of a change in control, all outstanding PSUs may vest under certain circumstances at the target award level on the effective date of the change in control. |
(5) |
The number of PSUs represents the maximum number of shares of HomeStreet common stock to which the reporting person will be entitled. The target number of units scheduled to vest in the first quarter of 2018 is 3,066 units and the target number of units scheduled to vest in the first quarter of 2019 is 2,628 units. Each PSU represents one share of common stock and will vest depending on the achievement of certain specified performance criteria. |