Francois Grunenwald - Mar 30, 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
SVP & Chief Accounting Officer
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Francois Grunenwald
Stock symbol
OCN
Transactions as of
Mar 30, 2022
Transactions value $
$0
Form type
4
Date filed
4/1/2022, 04:45 PM
Previous filing
Mar 4, 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 +1.82K 1.82K Mar 30, 2022 Direct F1
transaction OCN Common Stock Disposed to Issuer -1.82K -100% 0 Mar 30, 2022 Direct F1

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 -1.82K -50% $0.00 1.82K Mar 30, 2022 Common Stock 1.82K Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On March 30, 2020, the reporting person was granted 5,466 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 1,822 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.
F2 Not applicable.