SEC Form 4 · accession 0000891836-18-000012
ONITY GROUP INC. · ONIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William C Erbey
10% Owner
Period of report
Jan 19, 2018
Accepted (ET)
Jan 23, 2018 · 4:54 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000873860
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jan 19, 2018 | X | 2,000,000 | $3.00 | D | 5,849,704 | I | By Munus, L.P. |
| Common StockF2 | Jan 19, 2018 | X | 4,000,000 | $3.00 | D | 4,976,052 | I | By Tribue Limited Partnership |
| Common StockF2 | Jan 19, 2018 | X | 3,955,200 | $2.50 | D | 1,020,852 | I | By Tribue Limited Partnership |
| Common Stock | holding | — | — | — | 69,805 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Call Options (obligation to sell)F1 | $3.00 | Jan 19, 2018 | X | 20,000 | D | May 15, 2017 | Jan 19, 2018 | Common Stock | 2,000,000 | 0 | I |
| Call Options (obligation to sell)F2 | $3.00 | Jan 19, 2018 | X | 40,000 | D | Jun 6, 2016 | Jan 19, 2018 | Common Stock | 4,000,000 | 0 | I |
| Call Options (obligation to sell)F2 | $2.50 | Jan 19, 2018 | X | 39,552 | D | Jul 20, 2016 | Jan 19, 2018 | Common Stock | 3,955,200 | 0 | I |
| Call Options (obligation to sell)F3 | $5.00 | Jan 19, 2018 | E | 10,000 | D | Apr 13, 2016 | Jan 19, 2018 | Common Stock | 1,000,000 | 0 | I |
Explanation of responses
- F1On January 19, 2018, call options previously written by Munus, L.P. were exercised.
- F2On January 19, 2018, call options previously written by Tribue Limited Partnership were exercised.
- F3On January 19, 2018, call options previously written by Tribue Limited Partnership expired out of the money.