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

Role
EVP & Chief Admin. Officer
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Dennis Zeleny
Stock symbol
OCN
Transactions as of
Jul 31, 2022
Transactions value $
$0
Form type
4
Date filed
8/2/2022, 04:15 PM
Previous filing
May 25, 2022
Next filing
Mar 6, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction OCN Common Stock Options Exercise +2.19K +130.93% 3.87K Jul 31, 2022 Direct F1, F2
transaction OCN Common Stock Disposed to Issuer -2.19K -56.7% 1.68K Jul 31, 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 -2.19K -100% $0.00* 0 Jul 31, 2022 Common Stock 2.19K 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.