X0202 4 2006-04-24 0 0000873860 OCWEN FINANCIAL CORP OCN 0001250330 LEIST ROBERT J 1661 WORTHINGTON ROAD SUITE 100 WEST PALM BEACH FL 33409 0 1 0 0 Sr VP/Principal Financial Ofcr 2005 Employee Restricted Stock Award 2006-04-24 4 A 0 907 0 A 16118 D Forfeiture for taxes on 2004 award 2006-04-24 4 F 0 296 10.07 D 15822 D Forfeiture for taxes on 2003 award 2006-04-24 4 F 0 361 10.07 D 15461 D 2005 Employee Stock Option Award 6.1 2006-04-24 4 A 0 12347 0 A 2016-01-31 Common Stock 12347 12347 D Shares vest in three equal increments, with the first increment vesting immediately upon grant and the remaining shares vesting on January 31, annually, commencing in 2007. Shares forfeited to cover tax withholding. Options vest in five equal increments, with the first increment vesting immediately upon grant and the remaining options vesting in four equal increments on January 31 of each year, 2007 - 2010. /s/ Paul A. Koches, Attorney-in-Fact 2006-04-26