ONITY GROUP INC. — Director's Dealing 2021

Jan 11, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: OCWEN FINANCIAL CORP (OCN)
CIK: 0000873860
Period of Report: 2020-12-03

Reporting Person: COOPERMAN LEON G (10% Owner)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-12-03	Call Options (obligation to sell)	$25	S	1000	Disposed	2021-01-15	Common Stock (100000)	Indirect

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock, $0.01 par value	66667	Direct
Common Stock, $0.01 par value	33334	Indirect
Common Stock, $0.01 par value	33334	Indirect
Common Stock, $0.01 par value	745702	Indirect

Footnotes

F1: This number was previously reported as covering 1,000,000 shares, but was adjusted to reflect a 1-for-15 reverse stock split of the Issuer's common stock that became effective on August 13, 2020. No fractional shares were issued in connection with the reverse stock split. Shareholders otherwise entitled to receive fractional shares of common stock received shares rounded up to the nearest whole share in lieu of such fractional shares. As a result of the reverse stock split, the reporting person beneficially owns 66,667 shares of common stock of the Issuer.

F2: This number was previously reported as covering 500,000 shares, but was adjusted to reflect a 1-for-15 reverse stock split of the Issuer's common stock that became effective on August 13, 2020. No fractional shares were issued in connection with the reverse stock split. Shareholders otherwise entitled to receive fractional shares of common stock received shares rounded up to the nearest whole share in lieu of such fractional shares. As a result of the reverse stock split, the reporting person beneficially owns 33,334 shares of common stock of the Issuer.

F3: This number was previously reported as covering 11,185,525 shares, but was adjusted to reflect a 1-for-15 reverse stock split of the Issuer's common stock that became effective on August 13, 2020. No fractional shares were issued in connection with the reverse stock split. Shareholders otherwise entitled to receive fractional shares of common stock received shares rounded up to the nearest whole share in lieu of such fractional shares. As a result of the reverse stock split, the reporting person beneficially owns 745,702 shares of common stock of the Issuer.

F4: The securities are held in the account of Toby Cooperman over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.

F5: The securities are held in the account of Michael S. Cooperman over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.

F6: The securities are held in the account of Omega Capital Partners, L.P., a private investment entity over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.