Yanoti Timothy J 4
4 · OCWEN FINANCIAL CORP · Filed Nov 28, 2018
Insider Transaction Report
Form 4
Yanoti Timothy J
EVP & Chief Growth Officer
Transactions
- Award
Restricted Stock Units
2018-11-26+58,140→ 58,140 total→ Common Stock (58,140 underlying) - Award
Stock Option (right to buy)
2018-11-26+81,395→ 81,395 totalExercise: $2.15Exp: 2028-11-26→ Common Stock (81,395 underlying) - Award
Restricted Stock Units
2018-11-26+93,023→ 93,023 total→ Common Stock (93,023 underlying)
Footnotes (4)
- [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 commencing November 26, 2019 subject to the reporting person's continued employment.
- [F3]If, on or before November 26, 2022, 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 $5.80, the restricted stock units will vest in four equal annual installments commencing November 26, 2019 (in each case, subject to the reporting person's continued employment, and 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).
- [F4]The Stock Option is scheduled to vest in three equal annual installments commencing November 26, 2019 subject to the reporting person's continued employment.