SEC Form 4 · accession 0001493152-18-016478
ONITY GROUP INC. · ONIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
John V. Britti
Officer — EVP & Chief Investment Officer
Period of report
Nov 15, 2018
Accepted (ET)
Nov 19, 2018 · 4:15 pm EST
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 | — | Nov 15, 2018 | A | 174,419 | A | — | — | Common Stock | 174,419 | 174,419 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of OCN common stock.
- F2On November 15, 2018 the reporting person was granted 174,419 restricted stock units scheduled to vest in annual installments of 34,884, 34,884 and 104,651, commencing November 15, 2019, subject to the reporting person's continued employment.