OCWEN FINANCIAL CORP 4
4 · OCWEN FINANCIAL CORP · Filed Mar 31, 2016
Insider Transaction Report
Form 4
FARIS RONALD M
DirectorPresident
Transactions
- Award
Restricted Stock Units
2016-03-29+601,635→ 601,635 totalExp: 2020-03-29→ Common Stock (601,635 underlying) - Award
Restricted Stock Units
2016-03-29+230,126→ 230,126 totalExp: 2019-03-29→ Common Stock (230,126 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).