0001493152-19-004763.txt : 20190402 0001493152-19-004763.hdr.sgml : 20190402 20190402185619 ACCESSION NUMBER: 0001493152-19-004763 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190329 FILED AS OF DATE: 20190402 DATE AS OF CHANGE: 20190402 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Anderson Scott William CENTRAL INDEX KEY: 0001651800 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13219 FILM NUMBER: 19726842 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 ownership.xml X0306 4 2019-03-29 0 0000873860 OCWEN FINANCIAL CORP OCN 0001651800 Anderson Scott William 1661 WORTHINGTON ROAD, SUITE 100 WEST PALM BEACH FL 33409 0 1 0 0 EVP & Chief Servicing Officer Common Stock 2019-03-29 4 M 0 20000 A 155789 D Common Stock 2019-03-29 4 F 0 4870 1.82 D 150919 D Common Stock 2019-03-29 4 M 0 20000 A 170919 D Common Stock 2019-03-29 4 F 0 4870 1.82 D 166049 D Restricted Stock Units 2019-03-29 4 M 0 20000 0 D Common Stock 20000 0 D Restricted Stock Units 2019-03-29 4 M 0 20000 0 D Common Stock 20000 20000 D Restricted Stock Units 2019-03-29 4 A 0 96153 0 A Common Stock 96153 96153 D Restricted Stock Units 2019-03-29 4 A 0 82418 0 A Common Stock 82418 82418 D Restricted Stock Units 2019-03-29 4 A 0 82417 0 A Common Stock 82417 82417 D Each Restricted Stock Unit represents a contingent right to receive one share of OCN common stock. Shares withheld pursuant to terms of the award to cover tax withholding obligations. On March 29, 2016, the reporting person was granted 60,000 restricted stock units scheduled to vest in three annual installments of 20,000, 20,000 and 20,000, 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 80,000 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 20,000, 20,000, 20,000 and 20,000 commencing March 29, 2017, subject to the reporting person's continued employment. Each Restricted Stock Unit represents a contingent right to receive a cash payment equal to the closing price of one share of OCN common stock on the applicable vesting date. On March 29, 2019, the reporting person was granted 96,153 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The target number of units subject to the award is reported above. On each of the first, second and third anniversaries of grant, between 0% and 200% of one-third of the target number of units will be eligible to vest based on the extent to which a pre-established cumulative absolute total shareholder return level is met. On March 29, 2019, the reporting person was granted 82,418 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The target number of units subject to the award is reported above. Between 0% and 200% of the target number of units will be eligible to vest on March 29, 2022 based on the extent to which a pre-established absolute total shareholder return level is met. On March 29, 2019, the reporting person was granted 82,417 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second and third anniversaries of grant. /s/ Michael J. Stanton, Attorney-in-Fact for Scott Anderson 2019-04-02