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