Statement of Changes in Beneficial Ownership (4)
October 05 2020 - 04:16PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB
APPROVAL
OMB Number: 3235-0287
Estimated average burden
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person * Messina Glen
A. |
2. Issuer Name and Ticker or Trading
Symbol OCWEN FINANCIAL CORP [ OCN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)__X__
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
President & CEO |
(Last)
(First)
(Middle)
1661 WORTHINGTON ROAD, SUITE 100 |
3. Date of Earliest Transaction (MM/DD/YYYY)
10/4/2020
|
(Street)
WEST PALM BEACH, FL 33409
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock |
10/4/2020 |
|
M |
|
16990 |
A |
(1) |
56008 (2) |
D |
|
Common Stock |
10/4/2020 |
|
F |
|
7873 |
D(3) |
$23.45 |
48135 (2) |
D |
|
Common Stock |
10/4/2020 |
|
M |
|
4854 |
A |
(1) |
52989 (2) |
D |
|
Common Stock |
10/4/2020 |
|
F |
|
2249 |
D(3) |
$23.45 |
50740 (2) |
D |
|
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Restricted Stock Units |
(1) |
10/4/2020 |
|
M |
|
|
16990 |
(4) |
(4) |
Common Stock |
16990 |
$0 |
16990 |
D |
|
Restricted Stock Units |
(1) |
10/4/2020 |
|
M |
|
|
4854 |
(5) |
(5) |
Common Stock |
4854 |
$0 |
4854 |
D |
|
Explanation of
Responses: |
(1) |
Each Restricted Stock Unit
represents a contingent right to receive one share of OCN common
stock. |
(2) |
Includes 20,554 shares held
jointly with spouse. Share number has been adjusted to give effect
to the issuer's one-for-15 reverse stock split effective August 13,
2020 (the "Reverse Split"). |
(3) |
Shares withheld pursuant to
terms of the award to cover tax withholding
obligations. |
(4) |
On October 4, 2018, the
reporting person was granted 50,970 Restricted Stock Units
scheduled to vest in three equal annual installments commencing
October 4, 2019 subject to the reporting person's continued
employment. Share number has been adjusted to give effect to the
Reverse Split. |
(5) |
On October 4, 2018, the
reporting person was granted 14,563 Restricted Stock Units
scheduled to vest in three equal annual installments commencing
October 4, 2019 subject to the reporting person's continued
employment. Share number has been adjusted to give effect to the
Reverse Split. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Messina Glen A.
1661 WORTHINGTON ROAD, SUITE 100
WEST PALM BEACH, FL 33409 |
X |
|
President & CEO |
|
Signatures
|
/s/ Leah E. Hutton, Attorney-in-Fact for Glen A.
Messina |
|
10/5/2020 |
**Signature of
Reporting Person |
Date |