0001493152-18-004613.txt : 20180402
0001493152-18-004613.hdr.sgml : 20180402
20180402214106
ACCESSION NUMBER: 0001493152-18-004613
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20180329
FILED AS OF DATE: 20180402
DATE AS OF CHANGE: 20180402
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Britti John V.
CENTRAL INDEX KEY: 0001520971
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13219
FILM NUMBER: 18731153
MAIL ADDRESS:
STREET 1: 1661 WORTHINGTON ROAD
STREET 2: SUITE 100
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33409
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
4
1
form4.xml
X0306
4
2018-03-29
0
0000873860
OCWEN FINANCIAL CORP
OCN
0001520971
Britti John V.
1661 WORTHINGTON ROAD
SUITE 100
WEST PALM BEACH
FL
33409
0
1
0
0
EVP & Chief Investment Officer
Common Stock
2018-03-29
4
M
0
18333
A
79371
D
Common Stock
2018-03-29
4
F
0
5564
D
73807
D
Common Stock
2018-03-29
4
M
0
18125
A
91932
D
Common Stock
2018-03-29
4
F
0
5501
D
86431
D
Restricted Stock Units
2018-03-29
4
M
0
18333
0
D
Common Stock
18333
18333
D
Restricted Stock Units
2018-03-29
4
M
0
18125
0
D
Common Stock
18125
36250
D
Each Restricted Stock Unit represents a contingent right to receive one share of OCN common stock for no additional consideration.
Shares withheld pursuant to terms of the award to cover tax withholding obligations.
On March 29, 2016, the reporting person was granted 55,000 restricted stock units scheduled to vest in three annual installments of 18,334, 18,333 and 18,333, respectively, commencing March 29, 2017, subject to the reporting person's continued employment.
The Restricted Stock Units have no expiration date.
On March 29, 2016, the reporting person was granted 72,500 performance-based restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The grant provided that if, on or before the fourth anniversary of the transaction date of March 29, 2016, 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 on or before the last day of that period, equaled or exceeded $4.78, the restricted stock units would vest in four annual installments on the first, second, third and fourth anniversaries of March 29, 2016. This performance-based condition was satisfied on November 30, 2016. As a result, this award is scheduled to vest in four annual installments of 18,125, 18,125, 18,125, and 18,125 commencing March 29, 2017, subject to the reporting person's continued employment.
/s/ Michael J. Stanton, Attorney-in-Fact for John V. Britti
2018-04-02