DENNIS ZELENY - 31 Jul 2020 Form 4 Insider Report for OCWEN FINANCIAL CORP (ONIT)

Role: EVP & Chief Admin. Officer
Signature: /s/ Leah E. Hutton, Attorney-in-Fact for Dennis Zeleny
Issuer symbol: ONIT
Transactions as of: 31 Jul 2020
Net transactions value: $0
Form type: 4
Filing time: 03 Aug 2021, 16:16:13 UTC
Next filing: 04 Mar 2022
SEC: View on sec.gov

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OCN	Common Stock	Options Exercise		+2,193	+657%		2,527	31 Jul 2020	Direct	F1, F2
transaction	OCN	Common Stock	Disposed to Issuer		-2,193	-87%		334	31 Jul 2020	Direct	F1, F2
transaction	OCN	Common Stock	Options Exercise		+2,193	+657%		2,527	31 Jul 2021	Direct	F1, F3
transaction	OCN	Common Stock	Disposed to Issuer		-2,193	-87%		334	31 Jul 2021	Direct	F1, F3

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Underlying Class	Amount	Exercise Price	Ownership	Footnotes
transaction	OCN	Restricted Stock Units	Options Exercise	$0	-2,193	-33%	$0.000000	4,386	31 Jul 2020	Common Stock	2,193		Direct	F1, F2, F4
transaction	OCN	Restricted Stock Units	Options Exercise	$0	-2,193	-50%	$0.000000	2,193	31 Jul 2021	Common Stock	2,193		Direct	F1, F3, F4

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	On July 31, 2019, the reporting person was granted 6,579 restricted stock units scheduled to vest in three approximately equal installments on the first, second, and third anniversaries of grant 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. All information has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020.
F2	The reported transactions reflect the settlement in cash pursuant to the terms of the award of 2,193 restricted stock units that vested pursuant to the award on July 31, 2020 and were not previously reported. On July 31, 2020, the closing price of OCN common stock was $17.85.
F3	The reported transactions reflect the settlement in cash pursuant to the terms of the award of 2,193 restricted stock units that vested pursuant to the award on July 31, 2021. On July 30, 2021, the last trading day prior to the vesting date, the closing price of OCN common stock was $26.15.
F4	Not applicable.