ONITY GROUP INC. — Director's Dealing 2018

Jan 23, 2018

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OCWEN FINANCIAL CORP (OCN)
CIK: 0000873860
Period of Report: 2018-01-19

Reporting Person: ERBEY WILLIAM C (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2018-01-19	Common Stock	X	2000000	$3	Disposed	5849704	Indirect
2018-01-19	Common Stock	X	4000000	$3	Disposed	4976052	Indirect
2018-01-19	Common Stock	X	3955200	$2.5	Disposed	1020852	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2018-01-19	Call Options (obligation to sell)	$3	X	20000	Disposed	2018-01-19	Common Stock (2000000)	Indirect
2018-01-19	Call Options (obligation to sell)	$3	X	40000	Disposed	2018-01-19	Common Stock (4000000)	Indirect
2018-01-19	Call Options (obligation to sell)	$2.5	X	39552	Disposed	2018-01-19	Common Stock (3955200)	Indirect
2018-01-19	Call Options (obligation to sell)	$5	E	10000	Disposed	2018-01-19	Common Stock (1000000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	69805	Direct

Footnotes

F1: On January 19, 2018, call options previously written by Munus, L.P. were exercised.

F2: On January 19, 2018, call options previously written by Tribue Limited Partnership were exercised.

F3: On January 19, 2018, call options previously written by Tribue Limited Partnership expired out of the money.