Initial Statement of Beneficial Ownership (3)
June 07 2019 - 4:17PM
Edgar (US Regulatory)
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
*
CELINI ALBERINO J
|
2. Date of Event Requiring Statement (MM/DD/YYYY)
5/30/2019
|
3. Issuer Name
and
Ticker or Trading Symbol
OCWEN FINANCIAL CORP [OCN]
|
(Last)
(First)
(Middle)
1661 WORTHINGTON ROAD, SUITE 100
|
4. Relationship of Reporting Person(s) to Issuer (Check all applicable)
_____ Director
_____ 10% Owner
___
X
___ Officer (give title below)
_____ Other (specify below)
Chief Risk & Compliance /
|
(Street)
WEST PALM BEACH, FL 33409
(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)
|
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
|
Restricted Stock Units
|
(1)
|
(1)
|
Common Stock
|
41209
|
(2)
|
D
|
|
Restricted Stock Units
|
(3)
|
(3)
|
Common Stock
|
41208
|
(2)
|
D
|
|
Explanation of Responses:
|
(1)
|
On March 29, 2019, the reporting person was granted 41,209 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The target number of units subject to the award is reported above. Between 0% and 200% of the target number of units will be eligible to vest on March 29, 2022 based on the extent to which a pre-established absolute total shareholder return level is met.
|
(2)
|
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.
|
(3)
|
On March 29, 2019, the reporting person was granted 41,208 restricted stock units scheduled to vest in three approximately equal annual installments on the first, second and third anniversaries of grant.
|
Remarks:
See Exhibit 24 - Power of Attorney.
|
Reporting Owners
|
Reporting Owner Name / Address
|
Relationships
|
Director
|
10% Owner
|
Officer
|
Other
|
CELINI ALBERINO J
1661 WORTHINGTON ROAD, SUITE 100
WEST PALM BEACH, FL 33409
|
|
|
Chief Risk & Compliance
|
|
Signatures
|
/s/ Michael J. Stanton, Attorney-in-Fact for Alberino J. Celini
|
|
6/7/2019
|
**
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 Apr 2024 to May 2024
Ocwen Financial (NYSE:OCN)
Historical Stock Chart
From May 2023 to May 2024