FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

OMB APPROVAL
OMB Number: 3235-0104
Estimated average burden
hours per response... 0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Devaney John

2. Date of Event Requiring Statement (MM/DD/YYYY)
8/3/2015 

3. Issuer Name and Ticker or Trading Symbol

OCWEN FINANCIAL CORP [OCN]

(Last)        (First)        (Middle)

240 CRANDON BOULEVARD, SUITE 167

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            ___ X ___ 10% Owner
_____ Officer (give title below)          _____ Other (specify below)

(Street)

KEY BISCAYNE, FL 33149       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4) 		2. Amount of Securities Beneficially Owned
(Instr. 4) 		3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5) 		4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   1657010   D   (1)  
Common Stock   3230155   I   (2) See footnote   (2)
Common Stock   5043691   I   (3) See footnote   (3)
Common Stock   2308156   I   (4) See footnote   (4)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4) 		2. Date Exercisable and Expiration Date
(MM/DD/YYYY) 		3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4) 		4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5) 		6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Call Option (right to buy)     (5) 1/15/2016   Common Stock, par value $0.01   124000   (6) $12.50   I   (7) See footnote   (7)
Call Option (right to buy)     (5) 1/20/2017   Common Stock, par value $0.01   175000   (8) $15.00   I   (9) See footnote   (9)

Explanation of Responses:
( 1)  The reported securities are owned directly by D. John Devaney ("Devaney") in personal accounts and retirement accounts.
( 2)  The reported securities are owned indirectly by Devaney. Devaney controls United Capital Markets Holdings, Inc. ("UCMHI"), which is the parent of United Aviations Holdings, Inc., the entity that owns 3,230,155 shares of the issuer's common stock.
( 3)  The reported securities are owned indirectly by Devaney. Devaney controls UCMHI which is the parent of United Capital Markets, Inc. ("UCMI"), the entity that owns 5,043,691 shares of the issuer's common stock.
( 4)  The reported securities are owned indirectly by Devaney. Devaney controls United Real Estate Ventures, Inc. ("UREVI"), the entity that owns 2,308,156 shares of the issuer's common stock.
( 5)  These options are exercisable at any time prior to their expiration.
( 6)  These options are represented by 1,240 call option contracts, each representing a right to purchase 100 shares of the issuer's common stock at a price of $12.50 per share.
( 7)  The reported securities are owned indirectly by Devaney through UREVI.
( 8)  These options are represented by 1,750 call option contracts, each representing a right to purchase 100 shares of the issuer's common stock at a price of $15.00 per share.
( 9)  The reported securities are owned indirectly by Devaney through UCMI.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Devaney John
240 CRANDON BOULEVARD
SUITE 167
KEY BISCAYNE, FL 33149
X


Signatures
/s/ D. John Devaney 8/5/2015
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
Ocwen Financial (NYSE:OCN)
Historical Stock Chart
From Mar 2024 to Apr 2024 Click Here for more Ocwen Financial Charts.
Ocwen Financial (NYSE:OCN)
Historical Stock Chart
From Apr 2023 to Apr 2024 Click Here for more Ocwen Financial Charts.