SEC Form 4 · accession 0001493152-18-007859
ONITY GROUP INC. · ONIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Carol J Galante
Director
Period of report
May 23, 2018
Accepted (ET)
May 25, 2018 · 4:36 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 | May 23, 2018 | A | 22,272 | $0.00 | A | 47,816 | D | |
| Common StockF2 | May 24, 2018 | M | 37,175 | — | A | 84,991 | 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 UnitsF2 | — | May 24, 2018 | M | 37,175 | D | — | — | Common Stock | 37,175 | 0 | D |
Explanation of responses
- F1Consists of restricted stock units representing a contingent right to receive one share of OCN common stock for no additional consideration (RSUs). The RSUs will vest May 23, 2019, subject to certain conditions relating to the reporting person's service as a director of the issuer, and the underlying shares of common stock will be delivered on May 23, 2019.
- F2Consists of RSUs granted to the reporting person on May 24, 2017, which vested May 24, 2018. The underlying shares of common stock will be delivered on January 30, 2020.