ONITY GROUP INC. — Director's Dealing 2019

Aug 27, 2019

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: OCWEN FINANCIAL CORP (OCN)
CIK: 0000873860
Period of Report: 2019-08-23

Reporting Person: ZELENY DENNIS (Chief Administrative Officer)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Restricted Stock Units	$		Common Stock (98684)		Direct
Restricted Stock Units	$		Common Stock (98684)		Direct

Footnotes

F1: On July 31, 2019, the reporting person was granted 98,684 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The target number of units subject to the award is reported above. Between 0% and 200% of the target number of units will be eligible to vest on July 31, 2022 based on the extent to which a pre-established absolute total shareholder return level is met.

F2: Each Restricted Stock Unit represents a contingent right to receive a cash payment equal to the closing price of one share of OCN common stock on the applicable vesting date.

F3: On July 31, 2019, the reporting person was granted 98,684 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second and third anniversaries of grant.