SEC Form 4 · accession 0001140361-16-062933

ONITY GROUP INC. · ONIT

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

Reporting owner

10% Owner

Period of report

Apr 29, 2016

Accepted (ET)

May 3, 2016 · 12:26 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000873860

Table I — non-derivative securities

Security	Date	Code	Shares	A/D	Owned after	D/I	Nature of ownership
Common Stock	holding	—	—	—	5,409,704	I	By Munus, L.P.
Common Stock	holding	—	—	—	2,000,000	I	By Salt Pond Holdings, LLC
Common Stock	holding	—	—	—	8,020,852	I	By Tribue Limited Partnership
Common Stock	holding	—	—	—	2,440,000	I	By Caritas Partners, LLC

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Call Options (obligation to sell)^F1	$2.50	Apr 29, 2016	S	2,500	D	Apr 29, 2016	Jan 20, 2017	Common Stock	250,000	2,500	I
Call Options (obligation to sell)^F1	$3.00	Apr 29, 2016	S	2,500	D	Apr 29, 2016	Jan 20, 2017	Common Stock	250,000	2,500	I
Call Options (obligation to sell)^F1	$3.50	Apr 29, 2016	S	2,500	D	Apr 29, 2016	Jan 20, 2017	Common Stock	250,000	2,500	I
Call Options (obligation to sell)^F1	$4.00	Apr 29, 2016	S	2,500	D	Apr 29, 2016	Jan 20, 2017	Common Stock	250,000	2,500	I

F1Option transaction entered into by Tribue Limited Partnership, a U.S. Virgin Islands limited partnership, in which Salt Pond Holdings, LLC (56.2% of which is owned by Mr. Erbey, 24.5% of which is owned by the Frederiksted Trust, a U.S. Virgin Islands Trust, and 19.3% of which is owned by Erbey Holding Corporation, Inc., a corporation wholly-owned by Mr. Erbey) has a 90% preferred limited partner interest and a 9.9% common limited partner interest and Mr. Erbey has a 0.1% general partner interest.