SEC Form 4 · accession 0001019056-15-000900
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
Nov 12, 2015
Accepted (ET)
Nov 13, 2015 · 8:13 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 | Nov 12, 2015 | M | 60,504 | $5.8084 | A | 471,912 | D | |
| Common StockF3,F2 | Nov 12, 2015 | F | 56,013 | $6.66 | D | 415,899 | D | |
| Common StockF2 | Nov 13, 2015 | P | 5,000 | $6.19 | A | 420,899 | 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,F4 | $5.8084 | Nov 12, 2015 | M | 60,504 | D | — | Mar 8, 2016 | Common Stock | 60,504 | 0 | D |
Explanation of responses
- F1Exercise price reflects an adjustment made in Ocwen Financial Corporation (the "Company") stock options outstanding on or before the Altisource Portfolio Solutions S.A. spin-off transaction completed on August 10, 2009 to adjust for the spin-off.
- F2Includes 115,582 shares jointly held by Mr. and Mrs. Ronald M. Faris.
- F3Represents shares withheld by the Company to satisfy tax withholding obligations and payment of the exercise price.
- F4Options vested in five equal increments, with the first increment vesting immediately upon grant and the remaining shares vesting on January 31, annually, commencing in 2007.