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Filing Details

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
1437411	A Paul Koches	2002 Summit Boulevard 6Th Floor Atlanta GA 30319	Evp, Gc And Secretary	No	Yes	No	No

Reported Non-Derivative Transactions

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock	Acquisiton	2012-03-09	20,000	$4.82	22,105	No	4	M	Direct
Common Stock	Disposition	2012-03-12	20,000	$16.49	2,105	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	M	Direct
No	4	S	Direct

Reported Derivative Transactions

Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock	Stock Options	Disposition	2012-03-09	20,000	$0.00	20,000	$4.82

Remaning Holdings	Exercise Date	Expiration Date	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
367,500		2018-07-14	No	4	M	Direct

Footnotes

Exercise price reflects an adjustment in connection with the 2009 Altisource spin-off.
The vesting schedule for these options has a time-based component, in which 25% of the options vest in equal increments over four years, and a performance-based component, in which up to 75% of the options could vest in equal increments, with 25% vesting immediately upon the achievement of certain performance criteria related to OCN's stock price and its annualized rate of return and the remaining 75% vesting over the next three years. Two-thirds of the performance-based options would commence vesting if the stock price realizes a compounded annual gain of at least 20% over the exercise price, so long as the stock price is at least double the exercise price. The remaining third of the performance-based options would commence vesting if the stock price realizes a 25% compounded annual gain, so long as it is at least triple the exercise price.