SEC Form 4 · accession 0001140361-15-010298
ONITY GROUP INC. · ONIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William C Erbey
10% Owner
Period of report
Jan 15, 2015
Accepted (ET)
Mar 4, 2015 · 7:03 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 | Jan 15, 2015 | M | 47,872 | $4.8444 | A | 47,872 | D | |
| Common StockF2 | Jan 15, 2015 | J | 47,872 | — | D | 0 | D | |
| Common Stock | holding | — | — | — | 10,020,852 | I | By Salt Pond Holdings, LLC | |
| Common Stock | holding | — | — | — | 2,440,000 | I | By Caritas Partners, LLC | |
| Common Stock | holding | — | — | — | 5,409,704 | I | By Erbey Holding Corporation |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1,F3 | $4.8444 | Jan 15, 2015 | M | 47,872 | D | — | Jan 31, 2015 | Common Stock | 47,872 | 0 | D |
Explanation of responses
- F1Exercise price reflects an adjustment for Ocwen Financial Corporation ("Ocwen") stock options outstanding on or before the Altisource Portfolio Solutions S.A. ("Altisource") spin-off transaction completed on August 10, 2009 to adjust for the spin-off.
- F2Represents transfer of shares to Salt Pond Holdings, LLC.
- F3Options vested in five equal increments on January 31 annually, commencing in 2005.