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Filing Details

Accession Number:: 0001104659-17-026506
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2017-04-26 20:34:31
Reporting Period:: 2017-04-20

Filing Date:: 2017-04-26
Accepted Time:: 2017-04-26 20:34:31
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
873860	Ocwen Financial Corp	OCN	Mortgage Bankers & Loan Correspondents (6162)	650039856

Insiders

Cik	Name	Reported Address	Insider Title	Director	Officer	Large Shareholder	Other
1298648	John Devaney	240 Crandon Boulevard Suite 167 Key Biscayne FL 33149		No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Disposition	2017-04-20	11,900	$4.12	12,402,476	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2017-04-20	28,061	$4.12	12,374,415	No	4	S	Indirect	See Footnote
Common Stock	Acquisiton	2017-04-20	50,000	$4.06	12,424,415	No	4	P	Indirect	See Footnote
Common Stock	Disposition	2017-04-20	23,300	$4.02	12,401,115	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2017-04-20	106,694	$4.00	12,294,421	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2017-04-20	212,907	$3.66	12,081,514	No	4	S	Indirect	See Footnote
Common Stock	Acquisiton	2017-04-20	150,000	$3.57	12,231,514	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2017-04-20	171,016	$3.22	12,402,530	No	4	P	Indirect	See Footnote
Common Stock	Disposition	2017-04-20	2,345,393	$2.47	10,057,137	No	4	S	Indirect	See Footnote
Common Stock	Acquisiton	2017-04-20	2,669,193	$2.59	12,726,330	No	4	P	Indirect	See Footnote
Common Stock	Disposition	2017-04-21	500,000	$2.65	12,226,330	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2017-04-21	175,000	$2.65	12,051,330	No	4	S	Indirect	See Footnote
Common Stock	Acquisiton	2017-04-21	350,000	$2.47	12,401,330	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2017-04-21	368,000	$2.54	12,769,330	No	4	P	Indirect	See Footnote
Common Stock	Disposition	2017-04-21	340,000	$2.61	12,429,330	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2017-04-21	410,000	$2.61	12,019,330	No	4	S	Indirect	See Footnote
Common Stock	Acquisiton	2017-04-21	378,505	$2.69	12,397,835	No	4	P	Indirect	See Footnote
Common Stock	Acquisiton	2017-04-21	165,220	$2.59	12,563,055	No	4	P	Indirect	See Footnote
Common Stock	Disposition	2017-04-21	50,000	$2.37	12,513,055	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2017-04-21	125,518	$2.39	12,387,537	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2017-04-21	900,000	$2.41	11,487,537	No	4	S	Indirect	See Footnote
Common Stock	Disposition	2017-04-21	574,482	$2.41	10,913,055	No	4	S	Indirect	See Footnote
Common Stock	Acquisiton	2017-04-21	1,188,000	$3.50	12,101,055	No	4	X	Indirect	See Footnote
Common Stock	Acquisiton	2017-04-21	153,100	$3.50	12,254,155	No	4	X	Indirect	See Footnote
Common Stock	Acquisiton	2017-04-21	929,600	$3.00	13,183,755	No	4	X	Indirect	See Footnote
Common Stock	Disposition	2017-04-21	810,000	$2.26	12,373,755	No	4	S	Indirect	See Footnote

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	P	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	S	Indirect	See Footnote
No	4	X	Indirect	See Footnote
No	4	X	Indirect	See Footnote
No	4	X	Indirect	See Footnote
No	4	S	Indirect	See Footnote

Footnotes

The price reported for this transaction is the weighted average price of multiple acquisition trades at prices ranging from $2.22 to $4.06 and disposition trades at prices ranging from $2.20 to 4.13. Mr. Devaney hereby undertakes to provide upon request by the Commission staff, the issuer, or a security holder of the issuer full information regarding the number of shares and prices at which the transaction was effected.
The reported securities are owned indirectly by D. John Devaney ("Devaney"). Devaney controls United Real Estate Ventures, Inc. ("UREVI"), the entity that purchased or sold the shares of the issuer's common stock in the reported transactions. Prior to the transactions reported on this Form 4, Devaney directly, through personal accounts and retirement accounts, and indirectly, through United Aviation Holdings, Inc. ("UAHI"), United Capital Markets, Inc. ("UCMI"), United Capital Markets Holdings, Inc. ("UCMHI"), and UREVI, all entities controlled by Devaney, beneficially owned 12,414,376 shares of the issuer's common stock.
The reported securities are owned indirectly by Devaney. Devaney controls UCMI, the entity that purchased or sold the shares of the issuer's common stock in the reported transactions. Prior to the transactions reported on this Form 4, Devaney directly, through personal accounts and retirement accounts, and indirectly, through UAHI, UCMI, UCMHI, and UREVI, all entities controlled by Devaney, beneficially owned 12,414,376 shares of the issuer's common stock.
The reported securities are owned directly by Devaney, who purchased or sold the shares of the issuer's common stock in the reported transactions. Prior to the transactions reported on this Form 4, Devaney directly, through personal accounts and retirement accounts, and indirectly, through UAHI, UCMI, UCMHI, and UREVI, all entities controlled by Devaney, beneficially owned 12,414,376 shares of the issuer's common stock.
Transaction occurred at a time when Mr. Devaney's beneficial ownership was under 10% of the outstanding class of common stock.