0001140361-16-061023.txt : 20160413
0001140361-16-061023.hdr.sgml : 20160413
20160413170216
ACCESSION NUMBER: 0001140361-16-061023
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20160413
FILED AS OF DATE: 20160413
DATE AS OF CHANGE: 20160413
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: ERBEY WILLIAM C
CENTRAL INDEX KEY: 0001048105
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13219
FILM NUMBER: 161569771
MAIL ADDRESS:
STREET 1: 402 STRAND STREET
CITY: FREDERIKSTED, ST. CROIX
STATE: VI
ZIP: 00840
4
1
doc1.xml
FORM 4
X0306
4
2016-04-13
0
0000873860
OCWEN FINANCIAL CORP
OCN
0001048105
ERBEY WILLIAM C
P.O. BOX 25437
CHRISTIANSTED, ST. CROIX
VI
00824
VIRGIN ISLANDS, U.S.
0
0
1
0
Common Stock
5409704
I
By Munus, L.P.
Common Stock
2000000
I
By Salt Pond Holdings, LLC
Common Stock
8020852
I
By Tribue Limited Partnership
Common Stock
2440000
I
By Caritas Partners, LLC
Non-Voting LLC Interest
2016-03-31
5
G
0
1
0
D
Common Stock
0
I
By Caritas Partners, LLC
Membership Unit Interests
2016-03-31
5
G
0
1
0
D
Common Stock
0
I
By Spouse
Membership Unit Interests
2016-03-31
5
G
0
1
0
A
Common Stock
0
I
By Frederiksted Trust
Call Options (obligation to sell)
5.00
2016-04-13
4
S
0
10000
41.00
D
2016-04-13
2018-01-19
Common Stock
1000000
10000
I
By Tribue Limited Partnership
On March 31, 2016, Caritas Charitable Remainder Trust, a former member of Caritas Partners, LLC ("Caritas") was dissolved and Caritas made a charitable gift of a 99% non-voting LLC interest in Caritas to a donor advised fund within The Community Foundation of West Georgia, Inc., a Georgia nonprofit corporation exempt from federal income taxes under Internal Revenue Code ("Code") section 501(c)(3), a public charity described in Code section 170(b)(1)(A)(vi). No shares of Ocwen Financial Corp ("Ocwen") were transferred as part of the gift and Mr. Erbey maintains investment in, and voting control over, Caritas. As a result, Mr. Erbey's beneficial ownership in the shares of Ocwen did not change.
On March 31, 2016, E. Elaine Erbey, Mr. Erbey's spouse, gifted her 24.5% membership unit interests in Salt Pond Holdings, LLC to the Frederiksted Trust, a U.S. Virgin Islands trust (the "Trust") in which Mr. Erbey has investment control and for which Mr. Erbey, Mr. and Mrs. Erbey's descendants and charitable organizations are the beneficiaries. No Ocwen shares were transferred as part of the gift and as a result, Mr. Erbey's beneficial ownership in the shares of Ocwen did not change.
Option transaction entered into by Tribue Limited Partnership, a U.S. Virgin Islands limited partnership, in which Salt Pond Holdings, LLC (56.2% of which is owned by Mr. Erbey, 24.5% of which is owned by the Trust and 19.3% of which is owned by Erbey Holding Corporation, Inc., a corporation wholly-owned by Mr. Erbey) has a 90% preferred limited partner interest and a 9.9% common limited partner interest and Mr. Erbey has a 0.1% general partner interest.
/s/ William C. Erbey
2016-04-13