Statement of Changes in Beneficial Ownership (4)
November 16 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
hours per response... 0.5 |
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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 * Britti John
V. |
2. Issuer Name and Ticker or Trading
Symbol OCWEN FINANCIAL CORP [ OCN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
EVP & Chief Investment
Officer |
(Last)
(First)
(Middle)
1661 WORTHINGTON ROAD, SUITE 100 |
3. Date of Earliest Transaction (MM/DD/YYYY)
11/15/2020
|
(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 |
11/15/2020 |
|
M |
|
2326 |
A |
(1) |
12475 |
D |
|
Common Stock |
11/15/2020 |
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F |
|
700 |
D(2) |
$22.92 |
11775 |
D |
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Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
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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) |
11/15/2020 |
|
M |
|
|
2326 |
(3) |
(4) |
Common Stock |
2326 |
$0 |
6976 |
D |
|
Explanation of
Responses: |
(1) |
Each Restricted Stock Unit
represents a contingent right to receive one share of OCN common
stock. |
(2) |
Shares withheld pursuant to
terms of the award to cover tax withholding
obligations. |
(3) |
On November 15, 2018 the
reporting person was granted 11,627 restricted stock units
scheduled to vest in annual installments of 2,325, 2,326 and 6,976,
commencing November 15, 2019, subject to the reporting person's
continued employment. Share number has been adjusted to give effect
to the issuer's one-for-15 reverse stock split effective August 13,
2020. |
(4) |
The Restricted Stock Units
have no expiration date. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Britti John V.
1661 WORTHINGTON ROAD, SUITE 100
WEST PALM BEACH, FL 33409 |
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|
EVP & Chief Investment
Officer |
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Signatures
|
/s/ Leah E. Hutton, Attorney-in-Fact for John V.
Britti |
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11/16/2020 |
**Signature of
Reporting Person |
Date |