SEC Form 4 · accession 0001493152-19-002615
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
Feb 24, 2019
Accepted (ET)
Feb 26, 2019 · 5:08 pm EST
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 | Feb 24, 2019 | M | 5,112 | — | A | 91,543 | D | |
| Common StockF2 | Feb 24, 2019 | F | 1,810 | $2.01 | D | 89,733 | 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 UnitsF1,F3 | — | Feb 24, 2019 | M | 5,112 | D | — | — | Common Stock | 5,112 | 0 | D |
Explanation of responses
- F1Each Restricted Stock Unit represents a contingent right to receive one share of OCN common stock.
- F2Shares withheld pursuant to terms of the award to cover tax withholding obligations.
- F3On February 24, 2015, the reporting person was granted 15,337 restricted stock units scheduled to vest in three approximately equal annual installments commencing February 24, 2017 subject to the reporting person's continued employment. The Restricted Stock Units have no expiration date.