as part of a spin-off transaction, first american financial corporation common stock was distributed to shareholders of the first american corporation on june 1, 2010. the shares of both companies traded on a “when-issued” basis from may 24, 2010 through june 1, 2010, and began full-fledged trading on the new york stock exchange on june 2, 2010; first american financial corporation under the ticker symbol faf.