SEC Form 4 · accession 0001493152-18-007864
ONITY GROUP INC. · ONIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Robert A Salcetti
Director
Period of report
May 23, 2018
Accepted (ET)
May 25, 2018 · 4:42 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,F2 | May 23, 2018 | A | 22,272 | $0.00 | A | 62,101 | D | |
| Common StockF3 | May 24, 2018 | M | 37,175 | — | A | 99,276 | 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 UnitsF3 | — | 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 the six-month anniversary of the date the reporting person's service on the board of directors terminates.
- F2Also includes 19,901 shares underlying previously vested RSUs that will be delivered on the six-month anniversary of the date the reporting person's service on the board of directors terminates.
- F3Consists 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 the six-month anniversary of the date the reporting person's service on the board of directors terminates.