0001493152-19-005329.txt : 20190415
0001493152-19-005329.hdr.sgml : 20190415
20190415162719
ACCESSION NUMBER: 0001493152-19-005329
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20190411
FILED AS OF DATE: 20190415
DATE AS OF CHANGE: 20190415
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Messina Glen A.
CENTRAL INDEX KEY: 0001525371
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-13219
FILM NUMBER: 19748865
MAIL ADDRESS:
STREET 1: 3000 LEADENHALL ROAD
CITY: MOUNT LAUREL
STATE: NJ
ZIP: 08054
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: OCWEN FINANCIAL CORP
CENTRAL INDEX KEY: 0000873860
STANDARD INDUSTRIAL CLASSIFICATION: MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
IRS NUMBER: 650039856
STATE OF INCORPORATION: FL
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 1661 WORTHINGTON ROAD
STREET 2: SUITE 100
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33409
BUSINESS PHONE: 561-682-8000
MAIL ADDRESS:
STREET 1: 1661 WORTHINGTON ROAD
STREET 2: SUITE 100
CITY: WEST PALM BEACH
STATE: FL
ZIP: 33409
FORMER COMPANY:
FORMER CONFORMED NAME: OCWEN FINANCIAL Corp
DATE OF NAME CHANGE: 20110224
FORMER COMPANY:
FORMER CONFORMED NAME: OCWEN FINANCIAL CORP
DATE OF NAME CHANGE: 19960516
4
1
ownership.xml
X0306
4
2019-04-11
0
0000873860
OCWEN FINANCIAL CORP
OCN
0001525371
Messina Glen A.
1661 WORTHINGTON ROAD, SUITE 100
WEST PALM BEACH
FL
33409
1
1
0
0
President & CEO
Restricted Stock Units
2019-04-11
4
A
0
57895
0
A
Common Stock
57895
57895
D
Restricted Stock Units
2019-04-11
4
A
0
565327
0
A
Common Stock
565327
565327
D
Restricted Stock Units
2019-04-11
4
A
0
565326
0
A
Common Stock
565326
565326
D
Each Restricted Stock Unit represents a contingent right to receive a cash payment equal to the closing price of one share of OCN common stock on the applicable vesting date.
On April 11, 2019, the reporting person was granted 57,895 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The target number of units subject to the award is reported above. On each of the first, second and third anniversaries of grant, between 0% and 200% of one-third of the target number of units will be eligible to vest based on the extent to which a pre-established cumulative absolute total shareholder return level is met.
Each Restricted Stock Unit represents a contingent right to receive one share of OCN common stock.
On April 11, 2019, the reporting person was granted 565,327 restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The target number of units subject to the award is reported above. Between 0% and 200% of the target number of units will be eligible to vest on April 11, 2022 based on the extent to which a pre-established absolute total shareholder return level is met.
On April 11, 2019, the reporting person was granted 565,326 restricted stock units scheduled to vest in three equal annual installments on the first, second and third anniversaries of grant.
/s/ Michael J. Stanton, Attorney-in-Fact for Glen A. Messina
2019-04-15