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ONITY GROUP INC. — Director's Dealing 2020
Apr 21, 2020
33237_dirs_2020-04-21_4ca141d5-27a9-48d1-a03d-599d6dcc5881.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: 2020-04-17
Reporting Person: Deer Park Road Management Company, LP (N/A)
Reporting Person: Deer Park Road Management GP, LLC (N/A)
Reporting Person: Deer Park Road Corp (N/A)
Reporting Person: Craig-Scheckman Michael (N/A)
Reporting Person: AgateCreek LLC (N/A)
Reporting Person: Burg Scott Edward (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-04-17 | Common Stock | S | 400000 | $0.4446 | Disposed | 12956147 | Indirect |
Footnotes
F1: These shares of the Issuer's common stock ("Shares") are held for the account of STS Master Fund, Ltd. Deer Park Road Management Company, LP ("Deer Park") serves as investment adviser to STS Master Fund, Ltd.
F2: Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Each of Deer Park Road Corporation ("DPRC") and AgateCreek LLC ("AgateCreek") is a member of DPRM. Michael Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the majority owner of DPRC. Scott Edward Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
F3: This price reflects the weighted average price for open-market sales of Shares made by the Reporting Persons on April 17, 2020 within a $1.00 range. The actual prices for these transactions range between $0.41 to $0.47. The Reporting Persons further undertake to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price reported herein.