4//SEC Filing
Hayes Timothy M. 4
Accession 0001493152-18-004618
CIK 0000873860other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 9:43 PM ET
Size
15.1 KB
Accession
0001493152-18-004618
Insider Transaction Report
Form 4
Hayes Timothy M.
EVP, Gen. Counsel & Secretary
Transactions
- Tax Payment
Common Stock
2018-03-29−4,413→ 79,380 total - Tax Payment
Common Stock
2018-03-29−4,464→ 65,668 total - Exercise/Conversion
Common Stock
2018-03-29+18,125→ 83,793 total - Exercise/Conversion
Restricted Stock Units
2018-03-29−18,125→ 36,250 total→ Common Stock (18,125 underlying) - Exercise/Conversion
Common Stock
2018-03-29+18,333→ 70,132 total - Exercise/Conversion
Restricted Stock Units
2018-03-29−18,333→ 18,333 total→ Common Stock (18,333 underlying)
Footnotes (5)
- [F1]Each Restricted Stock Unit represents a contingent right to receive one share of OCN common stock for no additional consideration.
- [F2]Shares withheld pursuant to terms of the award to cover tax withholding obligations.
- [F3]On March 29, 2016, the reporting person was granted 55,000 restricted stock units scheduled to vest in three annual installments of 18,334, 18,333 and 18,333, respectively, commencing March 29, 2017, subject to the reporting person's continued employment.
- [F4]The Restricted Stock Units have no expiration date.
- [F5]On March 29, 2016, the reporting person was granted 72,500 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 18,125, 18,125, 18,125 and 18,125 commencing March 29, 2017, subject to the reporting person's continued employment.
Documents
Issuer
OCWEN FINANCIAL CORP
CIK 0000873860
Entity typeother
Related Parties
1- filerCIK 0001574180
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 9:43 PM ET
- Size
- 15.1 KB