0001104659-18-005841.txt : 20180201 0001104659-18-005841.hdr.sgml : 20180201 20180201155118 ACCESSION NUMBER: 0001104659-18-005841 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20180201 DATE AS OF CHANGE: 20180201 GROUP MEMBERS: UNITED AVIATION HOLDINGS, INC. GROUP MEMBERS: UNITED CAPITAL MARKETS HOLDINGS, INC. GROUP MEMBERS: UNITED REAL ESTATE VENTURES, INC. SUBJECT COMPANY: 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 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-51815 FILM NUMBER: 18566806 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 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Devaney John CENTRAL INDEX KEY: 0001298648 FILING VALUES: FORM TYPE: SC 13G/A MAIL ADDRESS: STREET 1: 240 CRANDON BOULEVARD, SUITE 167 CITY: KEY BISCAYNE STATE: FL ZIP: 33149 SC 13G/A 1 a18-5216_1sc13ga.htm SC 13G/A

 

 

UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. 5)*

 

OCWEN Financial Corporation

(Name of Issuer)

Common Stock, Par Value $0.01 per Share

(Title of Class of Securities)

675746309

(CUSIP Number)

December 31, 2017

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 


 

CUSIP No. 675746309

 

 

1.

Names of Reporting Persons
D. John Devaney

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States of America

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
4,818,053

 

6.

Shared Voting Power
8,133,108

 

7.

Sole Dispositive Power
4,818,053

 

8.

Shared Dispositive Power
8,133,108

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
12,951,161

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
9.89%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

2


 

CUSIP No. 675746309

 

 

1.

Names of Reporting Persons
United Aviation Holdings, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Florida

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
5,109,991

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
5,109,991

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
5,109,991

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
3.90%

 

 

12.

Type of Reporting Person (See Instructions)
CO

 

3


 

CUSIP No. 675746309

 

 

1.

Names of Reporting Persons
United Capital Markets Holdings, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Florida

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
8,133,108

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
8,133,108

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
8,133,108

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.21%

 

 

12.

Type of Reporting Person (See Instructions)
CO

 

4


 

CUSIP No. 675746309

 

 

1.

Names of Reporting Persons
United Real Estate Ventures, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Florida

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
0

 

6.

Shared Voting Power
0

 

7.

Sole Dispositive Power
0

 

8.

Shared Dispositive Power
0

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
0

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
0.00%

 

 

12.

Type of Reporting Person (See Instructions)
CO

 

5


 

Item 1.

 

(a)

Name of Issuer
Ocwen Financial Corporation (“Ocwen”)

 

(b)

Address of Issuer’s Principal Executive Offices
1661 Worthington Road, Suite 100

West Palm Beach, FL 33409

 

Item 2.

 

(a)

Name of Person Filing

1.     D. John Devaney (“Devaney”)

 

2.     United Aviation Holdings, Inc. (“UAHI”)

 

3.     United Capital Markets Holding, Inc. (“UCMHI”)

 

4.     United Real Estate Ventures, Inc. (“UREVI”)

 

(b)

Address of Principal Business Office or, if none, Residence
1.-4.:       240 Crandon Boulevard

Suite 167

Key Biscayne, FL 33149

 

(c)

Citizenship

1.     United States of America

 

2.     Incorporated in Florida

 

3.     Incorporated in Florida

 

4.     Incorporated in Florida

 

 

(d)

Title of Class of Securities
Common Stock, par value $0.01 per share

 

(e)

CUSIP Number
675746309

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

 

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

 

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

 

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

 

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)

o

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

o

A non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J);

 

(k)

o

Group, in accordance with § 240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with

§ 240.13d–1(b)(1)(ii)(J), please specify the type of institution:____________________________

 

6


 

Item 4.

Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)

Amount beneficially owned as of December 31, 2017:

UCMHI is the beneficial owner of 5,109,991 shares of Ocwen indirectly through UAHI, a wholly-owned subsidiary of UCMHI.  Devaney controls UAHI and UCMHI and therefore may be deemed to be the beneficial owner of the 8,133,108 shares of Ocwen owned directly and indirectly by UAHI and UCMHI.  Devaney may also be deemed to be the beneficial owner of 5,109,991 shares of Ocwen controlled personally and through retirement accounts.  All figures are as of December 31, 2017.  Percentages are based on 130,859,058 shares of common stock outstanding as of October 27, 2017, as reported in the Form 10-Q filed by Ocwen on November 2, 2017.

As of December 31, 2017:

Devaney:    12,951,161

UAHI:        5,109,991

UCMHI:     8,133,108

UREVI:      0

 

(b)

Percent of class:   

As of December 31, 2017:

Devaney:      9.89%

UAHI:          3.90%

UCMHI:       6.21%

UREVI:        0.00%

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote:   

As of December 31, 2017:

Devaney:    4,818,053

UAHI:        0

UCMHI:     0

UREVI:      0

 

 

(ii)

Shared power to vote or to direct the vote:    

As of December 31, 2017:

Devaney:    8,133,108

UAHI:        5,109,991

UCMHI:     8,133,108

UREVI:      0

 

 

(iii)

Sole power to dispose or to direct the disposition of:   

As of December 31, 2017:

Devaney:    4,818,053

UAHI:        0

UCMHI:     0

UREVI:      0

 

 

(iv)

Shared power to dispose or to direct the disposition of:   

As of December 31, 2017:

Devaney:    8,133,108

UAHI:        5,109,991

UCMHI:     8,133,108

UREVI:      0

 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.

 

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

See Item 4(a) above.

 

Item 8.

Identification and Classification of Members of the Group

Not applicable.

 

Item 9.

Notice of Dissolution of Group

Not applicable.

 

7


 

Item 10.

Certification

 

 

Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

D. JOHN DEVANEY

 

Date:

February 1, 2018

 

 

 

 

 

/s/ D. John Devaney

 

 

 

 

 

UNITED AVIATION HOLDINGS, INC.

 

Date:

February 1, 2018

 

 

 

 

By:

/s/ D. John Devaney

 

Title: Chief Executive Officer

 

 

 

 

 

UNITED CAPITAL MARKETS HOLDINGS, INC.

 

Date:

February 1, 2018

 

 

 

 

By:

/s/ D. John Devaney

 

Title: Chief Executive Officer

 

 

 

 

 

UNITED REAL ESTATE VENTURES, INC.

 

Date:

February 1, 2018

 

 

 

 

By:

/s/ D. John Devaney

 

Title: Chief Executive Officer

 

 

ATTENTION

 

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

8