SEC Form 4 · accession 0001019056-16-001392
ONITY GROUP INC. · ONIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Marcelo G Cruz
Officer — EVP & Chief Risk Officer
Period of report
Jun 25, 2016
Accepted (ET)
Jun 28, 2016 · 6:41 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 | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Jun 25, 2016 | F | 912 | $1.65 | D | 8,176 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Withholding of shares of common stock to satisfy tax withholding obligations in connection with the vesting of previously awarded stock. On June 25, 2014, Mr. Cruz was awarded 10,000 shares of restricted stock subject to 3,334, 3,333 and 3,333 shares vesting on each of June 25, 2015, June 25, 2016 and June 25, 2017, respectively. On June 25, 2015, 3,334 shares vested of which 912 shares were withheld to satisfy tax withholding obligations. On June 25, 2016, 3,333 shares vested of which 912 shares were withheld to satisfy tax withholding obligations.