SEC Form 4 · accession 0001567619-18-007449
ONITY GROUP INC. · ONIT
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leon G Cooperman
10% Owner
Period of report
Dec 3, 2018
Accepted (ET)
Dec 6, 2018 · 5:43 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 | Dec 3, 2018 | S | 200,000 | $2.05 | D | 1,550,666 | I | Omega Overseas Partners Ltd. |
| Common StockF1 | Dec 4, 2018 | S | 70,000 | $1.9368 | D | 1,480,666 | I | Omega Overseas Partners Ltd |
| Common StockF1 | Dec 6, 2018 | S | 155,000 | $1.8224 | D | 1,325,666 | I | Omega Overseas Partners Ltd |
| Common StockF2 | holding | — | — | — | 3,680,644 | I | Omega Capital Partners LP | |
| Common StockF3 | holding | — | — | — | 2,171,039 | I | Omega Equity Investors LP | |
| Common StockF4 | holding | — | — | — | 963,980 | I | Omega Capital Investors LP | |
| Common StockF5 | holding | — | — | — | 5,857,855 | I | Omega Credit Opportunities Master Fund LP | |
| Common Stock | holding | — | — | — | 1,000,000 | D | ||
| Common StockF6 | holding | — | — | — | 500,000 | I | Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities are held in the account of Omega Overseas Partners Ltd, a private investment entity over which the reporting person has investment discretion. The reporting person disclaims ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F2The securities are held in the account of Omega Capital Partners, LP, a private investment entity over which the reporting person has investment discretion. The reporting person disclaims ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F3The securities are held in the account of Omega Equity Investors, LP, a private investment entity over which the reporting person has investment discretion. The reporting person disclaims ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F4The securities are held in the account of Omega Capital Investors, LP, a private investment entity over which the reporting person has investment discretion. The reporting person disclaims ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F5The securities are held in the account of Omega Credit Opportunities Master Fund L.P., a private investment entity over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F6The securities are held in the account of Toby Cooperman over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.