John V. Britti - Nov 15, 2021 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
EVP & Chief Investment Officer
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for John V. Britti
Stock symbol
OCN
Transactions as of
Nov 15, 2021
Transactions value $
-$107,625
Form type
4
Date filed
11/16/2021, 05:05 PM
Next filing
Mar 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCN Common Stock Options Exercise +6.98K +59.24% 18.8K Nov 15, 2021 Direct F1
transaction OCN Common Stock Tax liability -$108K -3.15K -16.78% $34.21 15.6K Nov 15, 2021 Direct F2

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 -6.98K -100% $0.00* 0 Nov 15, 2021 Common Stock 6.98K Direct F1, F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Each Restricted Stock Unit represents a contingent right to receive one share of OCN common stock.
F2 Shares withheld pursuant to terms of the award to cover tax withholding obligations.
F3 On November 15, 2018 the reporting person was granted 11,627 restricted stock units scheduled to vest in annual installments of 2,325, 2,326 and 6,976, commencing November 15, 2019, subject to the reporting person's continued employment. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020.
F4 The Restricted Stock Units have no expiration date.