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