Joseph J. Samarias - Mar 29, 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role: EVP & General Counsel
Signature: /s/ Leah E. Hutton, Attorney-in-Fact for Joseph J. Samarias
Stock symbol: OCN
Transactions as of: Mar 29, 2022
Transactions value $: $0
Form type: 4
Date filed: 3/31/2022, 04:15 PM
Previous filing: Mar 14, 2022
Next filing: Apr 4, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	OCN	Common Stock	Options Exercise		+1.22K	+27.3%		5.69K	Mar 29, 2022	Direct	F1
transaction	OCN	Common Stock	Disposed to Issuer		-1.22K	-21.45%		4.47K	Mar 29, 2022	Direct	F1
transaction	OCN	Common Stock	Options Exercise		+2.6K	+58.14%		7.07K	Mar 30, 2022	Direct	F2
transaction	OCN	Common Stock	Disposed to Issuer		-2.6K	-36.76%		4.47K	Mar 30, 2022	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	-1.22K	-100%	$0.00^*	0	Mar 29, 2022	Common Stock	1.22K		Direct	F1, F3
transaction	OCN	Restricted Stock Units	Options Exercise	$0	-2.6K	-50%	$0.00	2.6K	Mar 30, 2022	Common Stock	2.6K		Direct	F2, F3

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

Explanation of Responses:

Id	Content
F1	On March 29, 2019, the reporting person was granted 3,663 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. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. The transactions reported on this Form 4 reflect the settlement in cash pursuant to the terms of the award of 1,221 restricted stock units that vested pursuant to the award on March 29, 2022. On March 29, 2022, the closing price of OCN common stock was $24.91.
F2	On March 30, 2020, the reporting person was granted 7,800 restricted stock units scheduled to vest in three approximately equal 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. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020. The transactions reported on this Form 4 reflect the settlement in cash pursuant to the terms of the award of 2,600 restricted stock units that vested pursuant to the award on March 30, 2022. On March 30, 2022, the closing price of OCN common stock was $24.18.
F3	Not applicable