4//SEC Filing
FARIS RONALD M 4
Accession 0001493152-18-004620
CIK 0000873860other
Filed
Apr 1, 8:00 PM ET
Accepted
Apr 2, 9:43 PM ET
Size
15.1 KB
Accession
0001493152-18-004620
Insider Transaction Report
Form 4
FARIS RONALD M
DirectorPresident
Transactions
- Exercise/Conversion
Restricted Stock Units
2018-03-29−76,709→ 76,708 total→ Common Stock (76,709 underlying) - Exercise/Conversion
Restricted Stock Units
2018-03-29−150,409→ 300,818 total→ Common Stock (150,409 underlying) - Exercise/Conversion
Common Stock
2018-03-29+76,709→ 629,450 total - Exercise/Conversion
Common Stock
2018-03-29+150,409→ 749,674 total - Tax Payment
Common Stock
2018-03-29−59,186→ 690,488 total - Tax Payment
Common Stock
2018-03-29−30,185→ 599,265 total
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 230,126 restricted stock units scheduled to vest in three annual installments of 76,709, 76,709 and 76,708, 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 601,635 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 150,409, 150,409, 150,409 and 150,408 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 0001193528
Filing Metadata
- Form type
- 4
- Filed
- Apr 1, 8:00 PM ET
- Accepted
- Apr 2, 9:43 PM ET
- Size
- 15.1 KB