SEC Form 4 · accession 0001493152-18-014165
ONITY GROUP INC. · ONIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Glen A. Messina
Officer — President and CEO · Director
Period of report
Oct 4, 2018
Accepted (ET)
Oct 5, 2018 · 4:28 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000873860
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Stock UnitsF1,F2 | — | Oct 4, 2018 | A | 764,563 | A | — | — | Common Stock | 764,563 | 764,563 | D |
| Restricted Stock UnitsF1,F2 | — | Oct 4, 2018 | A | 218,447 | A | — | — | Common Stock | 218,447 | 983,010 | D |
| Stock Option (right to buy)F3 | $4.12 | Oct 4, 2018 | A | 266,990 | A | — | Oct 4, 2028 | Common Stock | 266,990 | 266,990 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of OCN common stock.
- F2The Restricted Stock Units are scheduled to vest in three equal annual installments commencing October 4, 2019 subject to the reporting person's continued employment.
- F3The Stock Option is scheduled to vest in three equal annual installments commencing October 4, 2019 subject to the reporting person's continued employment.