0001493152-20-005468.txt : 20200331 0001493152-20-005468.hdr.sgml : 20200331 20200331161543 ACCESSION NUMBER: 0001493152-20-005468 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20200329 FILED AS OF DATE: 20200331 DATE AS OF CHANGE: 20200331 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Walker Arthur C Jr CENTRAL INDEX KEY: 0001593912 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-13219 FILM NUMBER: 20761970 MAIL ADDRESS: STREET 1: C/O OCWEN MORTGAGE SERVICING, INC. STREET 2: 402 STRAND STREET CITY: FREDERIKSTED STATE: VI ZIP: 00840 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 2020-03-29 0 0000873860 OCWEN FINANCIAL CORP OCN 0001593912 Walker Arthur C Jr 1661 WORTHINGTON ROAD, SUITE 100 WEST PALM BEACH FL 33409 0 1 0 0 SVP, Global Tax Common Stock 2020-03-29 4 M 0 11875 A 88975 D Common Stock 2020-03-29 4 F 0 2892 0.57 D 86083 D Common Stock 2020-03-29 4 M 0 9714 A 95797 D Common Stock 2020-03-29 4 D 0 9714 D 86083 D Restricted Stock Units 2020-03-29 4 M 0 11875 0 D Common Stock 11875 0 D Restricted Stock Units 2020-03-29 4 M 0 9714 0 D Common Stock 9714 19428 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, 2019, the reporting person was granted 29,142 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second and third anniversaries of grant. 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. The transactions reported on this Form 4 reflect the settlement in cash pursuant to the terms of the award of 9,714 restricted stock units that vested pursuant to the award on March 29, 2020. On March 27, 2020, the last trading day prior to the vesting date of March 29, 2020, the closing price of OCN common stock was $0.57. 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, the award vested in four annual installments of 11,875 commencing March 29, 2017. Not applicable. /s/ Michael J. Stanton, Attorney-in-Fact for Arthur C. Walker, Jr. 2020-03-31