0001493152-18-004617.txt : 20180402 0001493152-18-004617.hdr.sgml : 20180402 20180402214238 ACCESSION NUMBER: 0001493152-18-004617 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: Dondzila Catherine M CENTRAL INDEX KEY: 0001593929 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13219 FILM NUMBER: 18731157 MAIL ADDRESS: STREET 1: 1100 VIRGINIA DRIVE CITY: FORT WASHINGTON STATE: PA ZIP: 19034 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 form-4.xml X0306 4 2018-03-29 0 0000873860 OCWEN FINANCIAL CORP OCN 0001593929 Dondzila Catherine M 1661 WORTHINGTON ROAD, SUITE 100 WEST PALM BEACH FL 33409 0 1 0 0 SVP & Chief Accounting Officer Common Stock 2018-03-29 4 M 0 12000 A 32060 D Common Stock 2018-03-29 4 F 0 3418 D 28642 D Common Stock 2018-03-29 4 M 0 11875 A 40517 D Common Stock 2018-03-29 4 F 0 3382 D 37135 D Restricted Stock Units 2018-03-29 4 M 0 12000 0 D Common Stock 12000 12000 D Restricted Stock Units 2018-03-29 4 M 0 11875 0 D Common Stock 11875 23750 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 36,000 restricted stock units scheduled to vest in three annual installments of 12,000, 12,000 and 12,000, 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 47,500 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 11,875, 11,875, 11,875 and 11,875 commencing March 29, 2017, subject to the reporting person's continued employment. /s/ Michael J. Stanton, Attorney-in-Fact for Catherine M. Dondzila 2018-04-02