Koches Paul A 4
4 · OCWEN FINANCIAL CORP · Filed Mar 13, 2012
Insider Transaction Report
Form 4
Koches Paul A
EVP, GC and Secretary
Transactions
- Sale
Common Stock
2012-03-12$16.49/sh−20,000$329,814→ 2,105 total - Exercise/Conversion
Stock Options
2012-03-09−20,000→ 367,500 totalExercise: $4.82Exp: 2018-07-14→ Common Stock (20,000 underlying) - Exercise/Conversion
Common Stock
2012-03-09$4.82/sh+20,000$96,406→ 22,105 total
Footnotes (2)
- [F1]Exercise price reflects an adjustment in connection with the 2009 Altisource spin-off.
- [F2]The vesting schedule for these options has a time-based component, in which 25% of the options vest in equal increments over four years, and a performance-based component, in which up to 75% of the options could vest in equal increments, with 25% vesting immediately upon the achievement of certain performance criteria related to OCN's stock price and its annualized rate of return and the remaining 75% vesting over the next three years. Two-thirds of the performance-based options would commence vesting if the stock price realizes a compounded annual gain of at least 20% over the exercise price, so long as the stock price is at least double the exercise price. The remaining third of the performance-based options would commence vesting if the stock price realizes a 25% compounded annual gain, so long as it is at least triple the exercise price.