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