Francois Grunenwald - Aug 12, 2022 Form 4 Insider Report for OCWEN FINANCIAL CORP (OCN)

Role
Chief Accounting Officer
Signature
/s/ Leah E. Hutton, Attorney-in-Fact for Francois Grunenwald
Stock symbol
OCN
Transactions as of
Aug 12, 2022
Transactions value $
$0
Form type
4
Date filed
8/16/2022, 04:15 PM
Previous filing
Apr 4, 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 +1.13K 1.13K Aug 12, 2022 Direct F1, F2
transaction OCN Common Stock Disposed to Issuer -1.13K -100% 0 Aug 12, 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 -1.13K -100% $0.00* 0 Aug 12, 2022 Common Stock 1.13K 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 August 12, 2019, the reporting person was granted 3,401 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 1,134 restricted stock units that vested pursuant to the award on August 12, 2020. On August 12, 2022, the closing price of OCN common stock was $29.46.
F3 Not applicable.