SEC Form 4 · accession 0001493152-19-002942

ONITY GROUP INC. · ONIT

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP & Chief Financial Officer

Period of report

Mar 4, 2019

Accepted (ET)

Mar 6, 2019 · 5:11 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.

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F1,F2	—	Mar 4, 2019	A	24,424	A	—	—	Common Stock	24,424	24,424	D
Restricted Stock Units^F1,F3	—	Mar 4, 2019	A	57,604	A	—	—	Common Stock	57,604	57,604	D
Stock Option (right to buy)^F4	$2.17	Mar 4, 2019	A	33,180	A	—	Mar 4, 2029	Common Stock	33,180	33,180	D

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 March 4, 2020 subject to the reporting person's continued employment.
F3If, on or before March 4, 2023, the average of the closing prices per share of OCN Common Stock for a period of twenty consecutive trading days, plus the amount of any dividends paid on a share of OCN Common Stock during the term of the award on or before the last day of that period, equals or exceeds $4.34, the restricted stock units will vest in four equal annual installments commencing March 4, 2020 (in each case, subject to the reporting person's continued employment, and if such date occurs before the date that the stock price-based vesting condition is satisfied, the vesting of that installment will occur on the satisfaction of the stock price-based vesting condition).
F4The Stock Option is scheduled to vest in three equal annual installments commencing March 4, 2020 subject to the reporting person's continued employment.