SEC Form 4 · accession 0001019056-15-000255
ONITY GROUP INC. · ONIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Ronald M Faris
Officer — President and CEO · Director
Period of report
Jan 16, 2015
Accepted (ET)
Feb 20, 2015 · 5:25 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,F2 | Jan 16, 2015 | M | 37,301 | $4.844 | A | 411,408 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1,F3 | $4.844 | Jan 16, 2015 | M | 37,301 | D | — | Jan 31, 2015 | Common Stock | 37,301 | 0 | D |
Explanation of responses
- F1Exercise price reflects an adjustment made to Ocwen Financial Corporation ("Ocwen") stock options outstanding on or before the Altisource Portfolio Solutions S.A. ("Altisource") spin-off transaction completed on August 10, 2009 to adjust for the spin-off.
- F2Includes 106,091 shares jointly held by Mr. and Mrs. Ronald M. Faris.
- F3Options vested in five equal increments on January 31 annually, commencing in 2005.