0001019056-16-001236.txt : 20160331 0001019056-16-001236.hdr.sgml : 20160331 20160331184832 ACCESSION NUMBER: 0001019056-16-001236 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160329 FILED AS OF DATE: 20160331 DATE AS OF CHANGE: 20160331 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: OCWEN FINANCIAL CORP CENTRAL INDEX KEY: 0000873860 STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162] IRS NUMBER: 650039856 STATE OF INCORPORATION: FL FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1661 WORTHINGTON ROAD STREET 2: SUITE 100 CITY: WEST PALM BEACH STATE: FL ZIP: 33409 BUSINESS PHONE: 561-682-8000 MAIL ADDRESS: STREET 1: 1661 WORTHINGTON ROAD STREET 2: SUITE 100 CITY: WEST PALM BEACH STATE: FL ZIP: 33409 FORMER COMPANY: FORMER CONFORMED NAME: OCWEN FINANCIAL Corp DATE OF NAME CHANGE: 20110224 FORMER COMPANY: FORMER CONFORMED NAME: OCWEN FINANCIAL CORP DATE OF NAME CHANGE: 19960516 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Hayes Timothy M. CENTRAL INDEX KEY: 0001574180 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13219 FILM NUMBER: 161544509 MAIL ADDRESS: STREET 1: 1661 WORTHINGTON ROAD, SUITE 100 CITY: WEST PALM BEACH STATE: FL ZIP: 33409 4 1 hayes_4.xml OWNERSHIP DOCUMENT X0306 4 2016-03-29 0 0000873860 OCWEN FINANCIAL CORP OCN 0001574180 Hayes Timothy M. 1661 WORTHINGTON ROAD SUITE 100 WEST PALM BEACH FL 33409 0 1 0 0 EVP, Gen. Counsel & Secretary Restricted Stock Units 2016-03-29 4 A 0 55000 0 A 2019-03-29 Common Stock 55000 55000 D Restricted Stock Units 2016-03-29 4 A 0 72500 0 A 2020-03-29 Common Stock 72500 72500 D Each restricted stock unit represents a contingent right to receive one share of OCN Common Stock. The restricted stock units are scheduled to vest in three equal annual installments on the first, second, and third anniversaries of the transaction date reported above. If, on or before the fourth anniversary of the transaction date reported above, the average of the closing prices per share of OCN Common Stock for a period of twenty consecutive trading days, plus the amount of any dividends paid on a share of OCN Common Stock during the term of the award on or before the last day of that period, equals or exceeds $4.78, the restricted stock units will vest in four equal annual installments on the first, second, third and fourth anniversaries of the transaction date reported above (in each case, if such date occurs before the date that the stock price-based vesting condition is satisfied, the vesting of that installment will occur on the satisfaction of the stock price-based vesting condition). /s/ Timothy M. Hayes 2016-03-31