Statement of Changes in Beneficial Ownership (4)
January 19 2021 - 02:56PM
Edgar (US Regulatory)
FORM 4
[X] 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 * COOPERMAN LEON G |
2. Issuer Name and Ticker or Trading
Symbol OCWEN FINANCIAL CORP [ OCN ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director __X__
10% Owner
_____ Officer (give title
below) _____ Other
(specify below)
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(Last)
(First)
(Middle)
ST. ANDREW'S COUNTRY CLUB, 7118 MELROSE CASTLE
LANE |
3. Date of Earliest Transaction (MM/DD/YYYY)
1/15/2021
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(Street)
BOCA RATON, FL 33496
(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, $0.01 par
value |
1/15/2021 |
|
X |
|
100000 |
D |
$25 |
645702 |
I |
Omega Capital Partners, L.P. (1) |
Common Stock, $0.01 par
value |
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|
|
|
|
|
|
66667 |
D |
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Common Stock, $0.01 par
value |
|
|
|
|
|
|
|
33334 |
I |
By spouse (2) |
Common Stock, $0.01 par
value |
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|
|
|
|
|
|
33334 |
I |
By son (3) |
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 |
Call Options (obligation to
sell) |
$25 |
1/15/2021 |
|
X |
|
|
1000 |
12/3/2020 |
1/15/2021 |
Common Stock |
100000 |
$0 |
0 |
I |
See footnote (1) |
Explanation of
Responses: |
(1) |
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. |
(2) |
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. |
(3) |
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. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
COOPERMAN LEON G
ST. ANDREW'S COUNTRY CLUB
7118 MELROSE CASTLE LANE
BOCA RATON, FL 33496 |
|
X |
|
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Signatures
|
/s/ Edward Levy, Attorney-In-Fact, POA on
file |
|
1/19/2021 |
**Signature of Reporting
Person |
Date |