SEC Form 4/A · accession 0001104659-17-028029

ONITY GROUP INC. · ONIT

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

This is an amendment (Form 4/A). It replaces an earlier filing for the same period.

Reporting owner

John Devaney

10% Owner

Period of report

Apr 20, 2017

Accepted (ET)

Apr 28, 2017 · 5:59 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 Stock^F1,F2	Apr 20, 2017	S	11,900	$4.12	D	12,402,476	I	See Footnote
Common Stock^F5,F1,F2	Apr 20, 2017	S	28,061	$4.12	D	12,374,415	I	See Footnote
Common Stock^F5,F1,F2	Apr 20, 2017	P	50,000	$4.06	A	12,424,415	I	See Footnote
Common Stock^F1,F2,F3	Apr 20, 2017	S	23,300	$4.02	D	12,401,115	I	See Footnote
Common Stock^F5,F1,F2,F3	Apr 20, 2017	S	106,694	$4.00	D	12,294,421	I	See Footnote
Common Stock^F5,F1,F2	Apr 20, 2017	S	212,907	$3.66	D	12,081,514	I	See Footnote
Common Stock^F5,F1,F2,F3	Apr 20, 2017	P	150,000	$3.57	A	12,231,514	I	See Footnote
Common Stock^F5,F1,F2,F4	Apr 20, 2017	P	171,016	$3.22	A	12,402,530	I	See Footnote
Common Stock^F5,F1,F2	Apr 20, 2017	S	2,345,393	$2.47	D	10,057,137	I	See Footnote
Common Stock^F5,F1,F2,F4	Apr 20, 2017	P	2,669,193	$2.59	A	12,726,330	I	See Footnote
Common Stock^F1,F2,F4	Apr 21, 2017	S	500,000	$2.65	D	12,226,330	I	See Footnote
Common Stock^F5,F1,F2,F3	Apr 21, 2017	S	175,000	$2.65	D	12,051,330	I	See Footnote
Common Stock^F5,F1,F2,F4	Apr 21, 2017	P	350,000	$2.47	A	12,401,330	I	See Footnote
Common Stock^F5,F1,F2,F4	Apr 21, 2017	P	368,000	$2.54	A	12,769,330	I	See Footnote
Common Stock^F1,F2,F4	Apr 21, 2017	S	340,000	$2.61	D	12,429,330	I	See Footnote
Common Stock^F1,F2,F3	Apr 21, 2017	S	410,000	$2.61	D	12,019,330	I	See Footnote
Common Stock^F5,F1,F2,F4	Apr 21, 2017	P	378,505	$2.69	A	12,397,835	I	See Footnote
Common Stock^F5,F1,F2,F4	Apr 21, 2017	P	165,220	$2.59	A	12,563,055	I	See Footnote
Common Stock^F1,F2	Apr 21, 2017	S	50,000	$2.37	D	12,513,055	I	See Footnote
Common Stock^F1,F2,F3	Apr 21, 2017	S	125,518	$2.39	D	12,387,537	I	See Footnote
Common Stock^F5,F1,F2	Apr 21, 2017	S	900,000	$2.41	D	11,487,537	I	See Footnote
Common Stock^F5,F1,F2,F3	Apr 21, 2017	S	574,482	$2.41	D	10,913,055	I	See Footnote
Common Stock^F5,F1,F2	Apr 21, 2017	X	1,188,000	$3.50	A	12,101,055	I	See Footnote
Common Stock^F5,F1,F2,F3	Apr 21, 2017	X	153,100	$3.50	A	12,254,155	I	See Footnote
Common Stock^F5,F1,F2	Apr 21, 2017	X	929,600	$3.00	A	13,183,755	I	See Footnote
Common Stock^F1,F2,F4,F6	Apr 24, 2017	S	810,000	$2.26	D	12,373,755	I	See Footnote

Table II — derivative securities

No Table II lines on this filing.

Explanation of responses

F1The price reported for this transaction is the weighted average price of multiple acquisition trades at prices ranging from $2.22 to $4.06 and disposition trades at prices ranging from $2.20 to 4.13. Mr. Devaney hereby undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
F2The reported securities are owned indirectly by D. John Devaney ("Devaney"). Devaney controls United Real Estate Ventures, Inc. ("UREVI"), the entity that purchased or sold the shares of the issuer's common stock in the reported transactions. Prior to the transactions reported on this Form 4, Devaney directly, through personal accounts and retirement accounts, and indirectly, through United Aviation Holdings, Inc. ("UAHI"), United Capital Markets, Inc. ("UCMI"), United Capital Markets Holdings, Inc. ("UCMHI"), and UREVI, all entities controlled by Devaney, beneficially owned 12,414,376 shares of the issuer's common stock.
F3The reported securities are owned indirectly by Devaney. Devaney controls UCMI, the entity that purchased or sold the shares of the issuer's common stock in the reported transactions. Prior to the transactions reported on this Form 4, Devaney directly, through personal accounts and retirement accounts, and indirectly, through UAHI, UCMI, UCMHI, and UREVI, all entities controlled by Devaney, beneficially owned 12,414,376 shares of the issuer's common stock.
F4The reported securities are owned directly by Devaney, who purchased or sold the shares of the issuer's common stock in the reported transactions. Prior to the transactions reported on this Form 4, Devaney directly, through personal accounts and retirement accounts, and indirectly, through UAHI, UCMI, UCMHI, and UREVI, all entities controlled by Devaney, beneficially owned 12,414,376 shares of the issuer's common stock.
F5Transaction occurred at a time when Mr. Devaney's beneficial ownership was under 10% of the outstanding class of common stock.
F6This amendment to the Form 4 filed by John Devaney on April 26, 2017 and dated April 25, 2017, is being filed to check the exit box to indicate that as of the last reported transaction, Mr. Devaney no longer beneficially owned more than 10% of the common stock of Ocwen Financial Corporation and to correct the date of the last reported transaction.