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ONITY GROUP INC. — Director's Dealing 2015
Nov 14, 2015
33237_dirs_2015-11-13_8ba4e829-610e-4c4d-9062-ce8aa55cf987.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: OCWEN FINANCIAL CORP (OCN)
CIK: 0000873860
Period of Report: 2015-11-12
Reporting Person: FARIS RONALD M (Director, President and CEO)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2015-11-12 | Common Stock | M | 60504 | $5.8084 | Acquired | 471912 | Direct |
| 2015-11-12 | Common Stock | F | 56013 | $6.66 | Disposed | 415899 | Direct |
| 2015-11-13 | Common Stock | P | 5000 | $6.19 | Acquired | 420899 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2015-11-12 | Stock Options | $5.8084 | M | 60504 | Disposed | 2016-03-08 | Common Stock (60504) | Direct |
Footnotes
F1: Exercise price reflects an adjustment made in Ocwen Financial Corporation (the "Company") stock options outstanding on or before the Altisource Portfolio Solutions S.A. spin-off transaction completed on August 10, 2009 to adjust for the spin-off.
F2: Includes 115,582 shares jointly held by Mr. and Mrs. Ronald M. Faris.
F3: Represents shares withheld by the Company to satisfy tax withholding obligations and payment of the exercise price.
F4: Options vested in five equal increments, with the first increment vesting immediately upon grant and the remaining shares vesting on January 31, annually, commencing in 2007.