Mr Cooper Group Inc (COOP)

[iPrelude]

Priceless "Dentists insight" Large ,

For other folks following this WAMU Saga (you already know this...),
Just a (large picture) reminder:

$8,37 Billion in net capital loss
$6,00 Billon n NOL



When do the $8,37 Billion expire (year and month)?
Are the new hired dentists' awards linked to this date??

" On May 15, 2015 WMIH issued restricted stock grants to our Chief Executive Officer, William C. Gallagher and our Chief Operating Officer, Thomas L. Fairfield in conjunction with employment agreements totaling $9.8 million of aggregate fair value (“the EXEC Grants”) based on the $2.76 trading price of WMIH shares at the close of business on the date issued. WMIH may be required to issue additional shares if the conversion price applicable to the Series B Preferred Stock is less than $2.25 per share. The EXEC Grants will vest in full and will be recognized as compensation expense upon the consummation of a Qualified Acquisition, subject to the executives continued employment with the Company until such time. The foregoing description of the restricted stock agreement does not purport to be complete and is subject to, and qualified in its entirety by, the full text of the Gallagher Restricted Stock Agreement and the Fairfield Restricted Stock Agreement, which were filed as Exhibit 10.3 and Exhibit 10.5, respectively, of Form 8-K filed on May 13, 2015 and incorporated herein by reference. The fair market value of the EXEC Grants as of June 30, 2015 approximates $9.3 million as a result of the stock price of $2.61 per share at the close of the market on June 30, 2015.
The total unamortized value related to the unvested restricted share grants totals $10.4 million and $1.2 million at June 30, 2015 and December 31, 2014, respectively.
The unamortized value of $10.4 million at June 30, 2015, if all are ultimately vested, would be amortized according to the following schedule. The fair value of the EXEC Grants will vest and be recognized on the date of the consummation of a Qualified Acquisition.... "

Vesting schedule of shares subject to repurchase

June 30, 2015 unvested shares

3rd quarter 2015 — 0

4th quarter 2015 — 0

1st quarter 2016 - 370,570

2nd quarter 2016 — 0

3rd quarter 2016 — 0

4th quarter 2016 — 0

1st quarter 2017 - 207,170

2nd quarter 2017 — 0

3rd quarter 2017 — 0

4th quarter 2017 — 0

1st quarter 2018 - 3,619,656

Total -4,197,396