Jacques J. Busquet - Jun 1, 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
Director
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Jacques J. Busquet
Stock symbol
OCN
Transactions as of
Jun 1, 2022
Transactions value $
$0
Form type
4
Date filed
6/1/2022, 04:15 PM
Previous filing
May 27, 2022
Next filing
May 25, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCN Common Stock Options Exercise +4.17K +13.6% 34.8K Jun 1, 2022 Direct F1, 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 -4.17K -100% $0.00* 0 Jun 1, 2022 Common Stock 4.17K Direct F1, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 On May 30, 2019, the reporting person was granted 4,166 restricted stock units (RSUs) representing a contingent right to receive one share of OCN common stock for no additional consideration which vested May 30, 2020, with respect to which the underlying shares were not deliverable until June 1, 2022. Share number has been adjusted to give effect to the issuer's one-for-15 reverse stock split effective August 13, 2020.
F2 Includes 1,000 shares held jointly with spouse. Also includes 4,766 RSUs vesting May 25, 2023, subject to certain conditions relating to the reporting person's service as a director of the issuer, with respect to which the underlying shares of common stock will be delivered on May 25, 2023.
F3 Not applicable.