|
PennyMac Financial Services, Inc.
|
|
(Name of Issuer)
|
|
|
|
Class A Common Stock
|
|
(Title of Class of Securities)
|
|
|
70932B101
|
|
|
|
(CUSIP Number)
|
|
|
|
||
|
December 31, 2015
|
||
|
(Date of Event Which Requires Filing of This Statement)
|
||
|
x
|
Rule 13d-1(b)
|
||
|
|
|||
| o |
Rule 13d-1(c)
|
||
|
|
|||
| o |
Rule 13d-1(d)
|
|
CUSIP No. 70932B101
|
||
|
1
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seven Locks Capital Management, L.P.
|
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) o
(b) o
|
|
3
|
SEC USE ONLY
|
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH:
|
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
827,797
|
|
|
7
|
SOLE DISPOSITIVE POWER
0
|
|
|
8
|
SHARED DISPOSITIVE POWER
827,797
|
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
827,797
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
o
|
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.8%
|
|
12
|
TYPE OF REPORTING PERSON (see instructions)
CO
|
|
CUSIP No. 70932B101
|
||
|
1
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seven Locks Capital, L.L.C.
|
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) o
(b) o
|
|
3
|
SEC USE ONLY
|
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH:
|
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
827,797
|
|
|
7
|
SOLE DISPOSITIVE POWER
0
|
|
|
8
|
SHARED DISPOSITIVE POWER
827,797
|
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
827,797
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
o
|
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.8%
|
|
12
|
TYPE OF REPORTING PERSON (see instructions)
IA
|
|
CUSIP No. 70932B101
|
||
|
1
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seven Locks Enhanced GP Holdings, L.L.C.
|
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) o
(b) o
|
|
3
|
SEC USE ONLY
|
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH:
|
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
626,001
|
|
|
7
|
SOLE DISPOSITIVE POWER
0
|
|
|
8
|
SHARED DISPOSITIVE POWER
626,001
|
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
626,001
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
o
|
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.9%
|
|
12
|
TYPE OF REPORTING PERSON (see instructions)
CO
|
| CUSIP No. 70932B101 | ||
|
1
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seven Locks Enhanced Master Fund, L.P.
|
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) o
(b) o
|
|
3
|
SEC USE ONLY
|
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
|
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH:
|
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
626,001
|
|
|
7
|
SOLE DISPOSITIVE POWER
0
|
|
|
8
|
SHARED DISPOSITIVE POWER
626,001
|
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
626,001
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
o
|
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
2.9%
|
|
12
|
TYPE OF REPORTING PERSON (see instructions)
PN
|
|
CUSIP No. 70932B101
|
||
|
1
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seven Locks GP Holdings, L.L.C.
|
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) o
(b) o
|
|
3
|
SEC USE ONLY
|
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
|
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH:
|
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
38,549
|
|
|
7
|
SOLE DISPOSITIVE POWER
0
|
|
|
8
|
SHARED DISPOSITIVE POWER
38,549
|
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
38,549
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
o
|
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 1%
|
|
12
|
TYPE OF REPORTING PERSON (see instructions)
CO
|
|
CUSIP No. 70932B101
|
||
|
1
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Seven Locks Master Fund, L.P.
|
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) o
(b) o
|
|
3
|
SEC USE ONLY
|
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
|
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH:
|
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
38,549
|
|
|
7
|
SOLE DISPOSITIVE POWER
0
|
|
|
8
|
SHARED DISPOSITIVE POWER
38,549
|
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
38,549
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
o
|
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 1%
|
|
12
|
TYPE OF REPORTING PERSON (see instructions)
PN
|
|
CUSIP No. 70932B101
|
||
|
1
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Crown/Seven Locks Segregated Portfolio
|
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) o
(b) o
|
|
3
|
SEC USE ONLY
|
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
|
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH:
|
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
163,247
|
|
|
7
|
SOLE DISPOSITIVE POWER
0
|
|
|
8
|
SHARED DISPOSITIVE POWER
163,247
|
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
163,247
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
o
|
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
Less than 1%
|
|
12
|
TYPE OF REPORTING PERSON (see instructions)
CO
|
|
CUSIP No. 70932B101
|
||
|
1
|
NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
Andrew Goldman
|
|
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (see instructions)
|
(a) o
(b) o
|
|
3
|
SEC USE ONLY
|
|
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
US Citizen
|
|
|
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH REPORTING
PERSON WITH:
|
5
|
SOLE VOTING POWER
0
|
|
6
|
SHARED VOTING POWER
827,797
|
|
|
7
|
SOLE DISPOSITIVE POWER
0
|
|
|
8
|
SHARED DISPOSITIVE POWER
827,797
|
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
827,797
|
|
10
|
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (see instructions)
o
|
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
3.8 %
|
|
12
|
TYPE OF REPORTING PERSON (see instructions)
IN
|
|
Item 1(a).
|
Name of Issuer:
|
|
|
PennyMac Financial Services, Inc. (the “Issuer”)
|
|
|
|
|
Item 1(b).
|
Address of Issuer’s Principal Executive Offices:
|
|
|
6101 Condor Drive
Moorpark, CA 93021
|
|
|
|
|
Item 2(a).
|
Name of Person Filing:
|
|
|
This Schedule 13G is filed on behalf of each of the following persons (collectively, the “Reporting Persons”):
Seven Locks Capital Management, L.P.
Seven Locks Capital, L.L.C.Seven Locks Enhanced GP Holdings, L.L.C.
Seven Locks Enhanced Master Fund, L.P.
Seven Locks GP Holdings, L.L.C.
Seven Locks Master Fund, L.P.
Crown/Seven Locks Segregated Portfolio
Andrew Goldman
This Schedule 13G relates to the shares of class A common stock of the Issuer (the “Shares”) held for the accounts of Seven Locks Enhanced Master Fund, L.P. (“SVLE”), Seven Locks Master Fund, L.P. (“SVLK”), and Crown/Seven Locks Segregated Portfolio (“LGT”). Seven Locks Capital Management, L.P. (“SLCM”) is the investment manager of SVLE and SVLK and therefore retains voting control and dispositive power of the shares owned by each. Seven Locks Enhanced GP Holdings, L.L.C. (“SVLEGP”), is the general partner of SVLE. Seven Locks GP Holdings, L.L.C. (“SVLKGP”) is the general partner of SVLK. SLCM is a trading advisor for LGT. Seven Locks Capital, L.L.C. (“SLC”) is the managing member of SVLEGP and SVLKGP. Andrew Goldman is the managing member and majority owner of SLC.
|
|
|
|
|
Item 2(b).
|
Address of Principal Business Office or, if none, Residence:
|
|
The address of the principal business office of each of the Reporting Persons is:
c/o Seven Locks Capital Management, L.P.
|
|
|
|
237 Park Avenue
9th Floor
New York, NY 10017
|
|
|
|
|
Item 2(c).
|
Citizenship:
|
|
|
Seven Locks Capital Management, L.P. – Delaware, United States
Seven Locks Capital, L.L.C. – Delaware, United StatesSeven Locks Enhanced GP Holdings, L.L.C. – Delaware, United States
Seven Locks Enhanced Master Fund, L.P. – Cayman Islands
Seven Locks GP Holdings, L.L.C. – Delaware, United States
Seven Locks Master Fund, L.P. – Cayman Islands
Crown/Seven Locks Segregated Portfolio – Cayman Islands
Andrew Goldman –New York, United States
|
|
Item 2(d).
|
Title of Class of Securities:
|
|
|
Class A Common Stock, $0.0001 par value (the “Shares”)
|
|
|
|
|
Item 2(e).
|
CUSIP Number:
70932B101
|
|
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:
|
||
|
(a)
|
o |
Broker or dealer registered under Section 15 of the Act;
|
|
|
(b)
|
o |
Bank as defined in Section 3(a)(6) of the Act;
|
|
|
(c)
|
o |
Insurance company as defined in Section 3(a)(19) of the Act;
|
|
|
(d)
|
o |
Investment company registered under Section 8 of the Investment Company Act of 1940;
|
|
|
(e)
|
x
|
An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E);
|
|
|
(f)
|
o |
An employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F);
|
|
|
(g)
|
x |
A parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G);
|
|
|
(h)
|
o |
A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
|
|
|
(i)
|
o |
A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940;
|
|
|
(j)
|
o |
A non-U.S. institution in accordance with Rule 240.13d-1(b)(1)(ii)(J);
|
|
|
(k)
|
o | ||
|
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.
|
||
|
|
(a)
|
Amount Beneficially Owned:
As of December 31, 2015, each of the Reporting Persons may be deemed the beneficial owner of 827,797 Shares representing 3.8% of the Shares outstanding as of November 4, 2015. 626,001 Shares are held for the account of SVLE representing 2.9% of the Shares outstanding as of November 14, 2015. 38,549 Shares are held for the account of SVLK representing less than 1% of the Shares outstanding as of November 4, 2015. 163,247 Shares are held for the account of LGT representing less than 1% of the Shares outstanding as of November 4, 2015.
|
|
|
|
(b)
|
Percent of Class:
3.8% (based on 21,886,868 Shares outstanding as of November 4, 2015, as reported by the Issuer in its quarterly report on Form 10-Q filed November 6, 2015)
|
|
|
|
(c)
|
Number of shares as to which such person has:
|
|
|
|
|
(i)
|
sole power to vote or to direct the vote:
0
|
|
|
|
(ii)
|
shared power to vote or to direct the vote:
827,797
|
|
|
|
(iii)
|
sole power to dispose or to direct the disposition of:
0
|
|
|
|
(iv)
|
shared power to dispose or to direct the disposition of:
827,797
|
|
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.
|
|
|
|
|
|
See disclosure in Items 2 and 4 hereof.
|
|
|
|
|
Item 7.
|
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company.
|
|
|
See disclosure in Item 2 hereof.
|
|
|
|
|
Item 8.
|
Identification and Classification of Members of the Group.
|
|
|
|
|
|
Not applicable.
|
|
|
|
|
Item 9.
|
Notice of Dissolution of Group.
|
|
|
Not applicable.
|
|
|
|
|
Item 10.
|
Certification.
|
|
|
|
|
|
By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of and do not have the effect of changing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having such purpose or effect for the time being.
|
|
EX.
|
Page No.
|
|
A
|
Joint Filing Agreement
|
|