SEC Form 4 · accession 0001019056-15-000747

ONITY GROUP INC. · ONIT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP & Chief Investment Officer

Period of report

Sep 5, 2014

Accepted (ET)

Sep 9, 2015 · 5:08 pm EDT

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
Common Stock^F1	Sep 5, 2014	M	1,324	—	A	17,942	D
Common Stock^F2	Oct 24, 2014	M	961	—	A	18,903	D
Common Stock^F3	Nov 29, 2014	M	838	—	A	19,741	D
Common Stock^F1	Sep 5, 2015	M	4,864	—	A	24,605	D

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Performance Restricted Shares^F1,F4	—	Sep 5, 2014	M	1,324	D	—	—	Common Stock	1,324	1	D
Performance Restricted Shares^F2,F4	—	Oct 24, 2014	M	961	D	—	—	Common Stock	961	1	D
Performance Restricted Shares^F3,F4	—	Nov 29, 2014	M	838	D	—	—	Common Stock	838	1	D
Performance Restricted Shares^F1,F4	—	Sep 5, 2015	M	4,864	D	—	—	Common Stock	4,864	0	D

F1Reflects the number of shares issued upon vesting of one-fourth of a $150,000 cash-denominated, performance-based restricted stock award granted on March 5, 2012. The award vests in four equal annual increments of $37,500 commencing on the date as of which the share price equals or exceeds $26.34 with a 20% or greater annualized rate of return in the stock price measured from the date of grant, which vesting began on September 5, 2012.
F2Reflects the number of shares issued upon vesting of one-fourth of a $75,000 cash-denominated, performance-based restricted stock award granted on March 5, 2012. The award vests in four equal annual increments of $18,750 commencing on the date as of which the share price equals or exceeds $39.51 with a 25% or greater annualized rate of return in the stock price measured from the date of grant, which vesting began on October 24, 2012.
F3Reflects the number of shares issued upon vesting of one-fourth of a $75,000 cash-denominated restricted stock award granted on March 5, 2012. The award vests in four equal annual increments of $18,750 commencing on November 29, 2012.
F4If Mr. Britti's employment terminates other than by reason of his retirement or disability prior to vesting of the entire restricted share rights, the restricted share rights shall terminate and be cancelled for the shares that have not already vested on the last day of Mr. Britti's employment with Ocwen Financial Corporation.