Dennis Zeleny - 31 Jul 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (ONIT)

Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Dennis Zeleny
Issuer symbol
ONIT
Transactions as of
31 Jul 2022
Net transactions value
$0
Form type
4
Filing time
02 Aug 2022, 16:15:48 UTC
Previous filing
25 May 2022
Next filing
06 Mar 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCN Common Stock Options Exercise +2,193 +131% 3,868 31 Jul 2022 Direct F1, F2
transaction OCN Common Stock Disposed to Issuer -2,193 -57% 1,675 31 Jul 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 -2,193 -100% $0.000000* 0 31 Jul 2022 Common Stock 2,193 Direct F1, F2, F3
* 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, 2022. On July 29, 2022, the last trading day prior to the vesting date, the closing price of OCN common stock was $34.30.
F3 Not applicable.