SEC Form 4 · accession 0001019056-17-000254
ONITY GROUP INC. · ONIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Otto J Kumbar
Officer — EVP, Lending
Period of report
Feb 24, 2017
Accepted (ET)
Feb 28, 2017 · 4:25 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 | Feb 24, 2017 | M | 2,386 | — | A | 117,386 | D | |
| Common StockF2 | Feb 24, 2017 | F | 653 | $4.225 | D | 116,733 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F3 | — | Feb 24, 2017 | M | 2,386 | D | — | Feb 24, 2019 | Common Stock | 2,386 | 4,771 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of OCN common stock.
- F2Shares withheld pursuant to the terms of the award to cover tax withholding obligations.
- F3On February 24, 2015, the reporting person was granted 7,157 restricted stock units that are scheduled to vest in three annual installments of 2,386, 2,386 and 2,385, respectively, commencing February 24, 2017.