X0306 4 2016-01-06 0 0000873860 OCWEN FINANCIAL CORP OCN 0001048105 ERBEY WILLIAM C P.O. BOX 25437 CHRISTIANSTED, ST. CROIX VI 00824 VIRGIN ISLANDS, U.S. 0 0 1 0 Common Stock 2016-01-06 4 M 0 69805 5.808 A 69805 D Common Stock 5409704 I By Munus, L.P. Common Stock 2000000 I By Salt Pond Holdings, LLC Common Stock 8020852 I By Tribue Limited Partnership Common Stock 2440000 I By Caritas Partners, LLC Stock Options 5.808 2016-01-06 4 M 0 69805 0 D 2015-01-16 2016-03-08 Common Stock 69805 0 D Preferred LP Interest 2015-12-31 5 G 0 1 0 D Common Stock 0 I By Erbey Holding Corporation, Inc. Exercise price ($5.80844) reflects an adjustment for Ocwen Financial Corporation ("Ocwen") stock options outstanding on or before the Altisource Portfolio Solutions S.A. spin-off transaction completed on August 10, 2009 to adjust for the spin-off. These options were granted pursuant to a stock option award from Ocwen, dated March 8, 2006, that expires on March 8, 2016. On December 31, 2015, Erbey Holding Corporation, Inc. (a corporation wholly owned by Mr. Erbey) made a charitable gift of a 30% preferred limited partner interest in Munus, L.P. to The Community Foundation of West Georgia, Inc., a Georgia nonprofit corporation exempt from federal income taxes under Internal Revenue Code ("Code") section 501(c)(3), a public charity described in Code section 170(b)(1)(A)(vi). No Ocwen shares were transferred as part of the gift and, as a result, Mr. Erbey's pecuniary interest in the shares of Ocwen did not change. /s/ William C. Erbey 2016-01-07