UNITED STATES

 

 

SECURITIES AND EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

SCHEDULE 13G

 

Under the Securities Exchange Act of 1934
(Amendment No. 1)*

 

OCWEN Financial Corporation

(Name of Issuer)

Common Stock

(Title of Class of Securities)

675746309

(CUSIP Number)

Aug. 3, 2015

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

o

Rule 13d-1(b)

x

Rule 13d-1(c)

o

Rule 13d-1(d)

 

*The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

 

The information required in the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No. 675746309

 

 

1.

Names of Reporting Persons
D. John Devaney

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
United States of America

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power
1,657,010

 

6.

Shared Voting Power
10,994,610

 

7.

Sole Dispositive Power
1,657,010

 

8.

Shared Dispositive Power
10,994,610

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
12,651,620

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
10.09%

 

 

12.

Type of Reporting Person (See Instructions)
IN

 

2



 

CUSIP No. 675746309

 

 

1.

Names of Reporting Persons
United Aviation Holdings, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Florida

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
3,230,155

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
3,230,155

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
3,230,155

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
2.58%

 

 

12.

Type of Reporting Person (See Instructions)
CO

 

3



 

CUSIP No. 675746309

 

 

1.

Names of Reporting Persons
United Capital Markets, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Florida

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
5,218,691

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
5,218,691

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
5,218,691

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
4.16%

 

 

12.

Type of Reporting Person (See Instructions)
CO

 

4



 

CUSIP No. 675746309

 

 

1.

Names of Reporting Persons
United Capital Markets Holdings, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Florida

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
8,448,846

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
8,448,846

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
8,448,846

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
6.74%

 

 

12.

Type of Reporting Person (See Instructions)
CO

 

5



 

CUSIP No. 675746309

 

 

1.

Names of Reporting Persons
United Real Estate Ventures, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

x

 

 

(b)

o

 

 

3.

SEC Use Only

 

 

4.

Citizenship or Place of Organization
Florida

 

 

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

5.

Sole Voting Power

 

6.

Shared Voting Power
2,545,764

 

7.

Sole Dispositive Power

 

8.

Shared Dispositive Power
2,545,764

 

 

9.

Aggregate Amount Beneficially Owned by Each Reporting Person
2,545,764

 

 

10.

Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions)  o

 

 

11.

Percent of Class Represented by Amount in Row (9)
2.03%

 

 

12.

Type of Reporting Person (See Instructions)
CO

 

6



 

Item 1.

 

(a)

Name of Issuer

Ocwen Financial Corporation (“Ocwen”)

 

(b)

Address of Issuer’s Principal Executive Offices

2002 Summit Boulevard

Sixth Floor

Atlanta, GA 30319

 

Item 2.

 

(a)

Name of Person Filing

D. John Devaney (“Devaney”)

 

United Aviation Holdings, Inc. (“UAHI”)

 

United Capital Markets, Inc. (“UCMI”)

 

United Capital Markets Holding, Inc. (“UCMHI”)

 

United Real Estate Ventures, Inc. (“UREVI”)

 

(b)

Address of Principal Business Office or, if none, Residence

240 Crandon Boulevard

Suite 167

Key Biscayne, FL 33149

 

240 Crandon Boulevard

Suite 167

Key Biscayne, FL 33149

 

240 Crandon Boulevard

Suite 167

Key Biscayne, FL 33149

 

240 Crandon Boulevard

Suite 167

Key Biscayne, FL 33149

 

240 Crandon Boulevard

Suite 167

Key Biscayne, FL 33149

 

(c)

Citizenship

United States of America

 

Incorporated in Florida

 

Incorporated in Florida

 

Incorporated in Florida

 

Incorporated in Florida

 

(d)

Title of Class of Securities

Common Stock

 

(e)

CUSIP Number

675746309

 

Item 3.

If this statement is filed pursuant to §§240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:

 

(a)

o

Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);

 

(b)

o

Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);

 

(c)

o

Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);

 

(d)

o

Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);

 

(e)

o

An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);

 

(f)

o

An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);

 

(g)

o

A parent holding company or control person in accordance with §240.13d-1(b)(1)(ii)(G);

 

(h)

o

A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

 

(i)

o

A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

 

(j)

o

A non-U.S. institution in accordance with § 240.13d–1(b)(1)(ii)(J);

 

(k)

o

Group, in accordance with § 240.13d–1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with

§ 240.13d–1(b)(1)(ii)(J), please specify the type of institution:____________________________

 

7



 

Item 4.

Ownership

Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

 

(a)

Amount beneficially owned:

 

UCMHI is the beneficial owner of 8,448,846 of Ocwen indirectly through UAHI and UCMI, wholly-owned subsidiaries of UCMHI.  Devaney controls UREVI and UCMHI and therefore may be deemed to be the beneficial owner of the 10,994,610 shares of Ocwen owned directly and indirectly by UREVI and UCMHI.  Devaney may also be deemed to be the beneficial owner of 1,657,010 shares of Ocwen controlled personally and through retirement accounts.  All figures are as of August 3, 2015.

 

As of August 3, 2015:

Devaney: 12,651,620

UAHI: 3,230,155

UCMI: 5,218,691

UCMHI: 8,448,846

UREVI: 2,545,764

 

(b)

Percent of class:

 

As of August 3, 2015:

Devaney: 10.09%

UAHI: 2.58%

UCMI: 4.16%

UCMHI: 6.74%

UREVI: 2.03%

 

(c)

Number of shares as to which the person has:

 

 

 

(i)

Sole power to vote or to direct the vote

 

Devaney: 1,657,010

UAHI: 0

UCMI: 0

UCMHI: 0

UREVI: 0

 

 

(ii)

Shared power to vote or to direct the vote

 

Devaney: 10,994,610

UAHI: 3,230,155

UCMI: 5,218,691

UCMHI: 8,448,846

UREVI: 2,545,764

 

 

(iii)

Sole power to dispose or to direct the disposition of

 

Devaney: 1,657,010

UAHI: 0

UCMI: 0

UCMHI: 0

UREVI: 0

 

 

(iv)

Shared power to dispose or to direct the disposition of

 

Devaney: 10,994,610

UAHI: 3,230,155

UCMI: 5,218,691

UCMHI: 8,448,846

UREVI: 2,545,764

 

Item 5.

Ownership of Five Percent or Less of a Class

If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following   o.

Not applicable.

Item 6.

Ownership of More than Five Percent on Behalf of Another Person

Not applicable.

 

Item 7.

Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company or Control Person

See Item 4(a) above.

 

Item 8.

Identification and Classification of Members of the Group

Not applicable.

 

Item 9.

Notice of Dissolution of Group

Not applicable.

 

8



 

Item 10.

Certification

 

 

Signature

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

 

 

 

Date

 

 

August 4, 2015

 

Signature

 

 

/s/ D. John Devaney

 

D. John Devaney

 

United Aviation Holdings, Inc.

 

 

By:

/s/ D. John Devaney

 

Name: D. John Devaney

Title: Chief Executive Officer

 

 

United Capital Markets, Inc.

 

 

 

By:

/s/ D. John Devaney

 

Name: D. John Devaney

Title: Chief Executive Officer

 

 

United Capital Markets Holdings, Inc.

 

 

 

By:

/s/ D. John Devaney

 

Name: D. John Devaney

Title: Chief Executive Officer

 

 

United Real Estate Ventures, Inc.

 

 

By:

/s/ D. John Devaney

 

Name: D. John Devaney

Title: Chief Executive Officer

 

 

 

Name/Title

 

 

 

Date

 

 

 

 

 

Signature

 

 

 

 

 

Name/Title

 

 

ATTENTION

 

Intentional misstatements or omissions of fact constitute Federal Criminal Violations (See 18 U.S.C. 1001).

 

9


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