4//SEC Filing
OCWEN FINANCIAL CORP 4
Accession 0001019056-16-001228
$ONITCIK 0000873860operating
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 6:45 PM ET
Size
8.7 KB
Accession
0001019056-16-001228
Insider Transaction Report
Form 4
Bourque Michael R Jr
Executive Vice President & CFO
Transactions
- Award
Restricted Stock Units
2016-03-29+65,000→ 65,000 totalExp: 2019-03-29→ Common Stock (65,000 underlying) - Award
Restricted Stock Units
2016-03-29+85,000→ 85,000 totalExp: 2020-03-29→ Common Stock (85,000 underlying)
Footnotes (3)
- [F1]Each restricted stock unit represents a contingent right to receive one share of OCN Common Stock.
- [F2]The restricted stock units are scheduled to vest in three equal annual installments on the first, second, and third anniversaries of the transaction date reported above.
- [F3]If, on or before the fourth anniversary of the transaction date reported above, the average of the closing prices per share of OCN Common Stock for a period of twenty consecutive trading days, plus the amount of any dividends paid on a share of OCN Common Stock during the term of the award on or before the last day of that period, equals or exceeds $4.78, the restricted stock units will vest in four equal annual installments on the first, second, third and fourth anniversaries of the transaction date reported above (in each case, if such date occurs before the date that the stock price-based vesting condition is satisfied, the vesting of that installment will occur on the satisfaction of the stock price-based vesting condition).
Documents
Issuer
OCWEN FINANCIAL CORP
CIK 0000873860
Entity typeoperating
IncorporatedFL
Related Parties
1- filerCIK 0000873860
Filing Metadata
- Form type
- 4
- Filed
- Mar 30, 8:00 PM ET
- Accepted
- Mar 31, 6:45 PM ET
- Size
- 8.7 KB