4//SEC Filing
OCWEN FINANCIAL CORP 4
Accession 0001019056-17-000332
$ONITCIK 0000873860operating
Filed
Mar 30, 8:00 PM ET
Accepted
Mar 31, 5:34 PM ET
Size
15.0 KB
Accession
0001019056-17-000332
Insider Transaction Report
Form 4
Bourque Michael R Jr
Executive Vice President & CFO
Transactions
- Exercise/Conversion
Restricted Stock Units
2017-03-29−21,250→ 63,750 totalExp: 2020-03-29→ Common Stock (21,250 underlying) - Exercise/Conversion
Common Stock
2017-03-29+21,667→ 35,382 total - Tax Payment
Common Stock
2017-03-29$5.21/sh−5,926$30,874→ 29,456 total - Exercise/Conversion
Common Stock
2017-03-29+21,250→ 50,706 total - Tax Payment
Common Stock
2017-03-29$5.21/sh−5,812$30,281→ 44,894 total - Exercise/Conversion
Restricted Stock Units
2017-03-29−21,667→ 43,333 totalExp: 2019-03-29→ Common Stock (21,667 underlying)
Footnotes (4)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of OCN common stock.
- [F2]Shares withheld pursuant to terms of the award to cover tax withholding obligations.
- [F3]On March 29, 2016, the reporting person was granted 65,000 restricted stock units scheduled to vest in three annual installments of 21,667, 21,667 and 21,666, respectively, commencing March 29, 2017.
- [F4]On March 29, 2016, the reporting person was granted 85,000 performance-based restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The grant provided that if, on or before the fourth anniversary of the transaction date of March 29, 2016, 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 on or before the last day of that period, equaled or exceeded $4.78, the restricted stock units would vest in four annual installments on the first, second, third and fourth anniversaries of March 29, 2016. This performance-based condition was satisfied on November 30, 2016. As a result, this award is scheduled to vest in four annual installments of 21,250, 21,250, 21,250 and 21,250 commencing March 29, 2017.
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, 5:34 PM ET
- Size
- 15.0 KB