<SEC-DOCUMENT>0001140361-16-069034.txt : 20160608
<SEC-HEADER>0001140361-16-069034.hdr.sgml : 20160608
<ACCEPTANCE-DATETIME>20160608105951
ACCESSION NUMBER:		0001140361-16-069034
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20160606
FILED AS OF DATE:		20160608
DATE AS OF CHANGE:		20160608

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			OCWEN FINANCIAL CORP
		CENTRAL INDEX KEY:			0000873860
		STANDARD INDUSTRIAL CLASSIFICATION:	MORTGAGE BANKERS & LOAN CORRESPONDENTS [6162]
		IRS NUMBER:				650039856
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1661 WORTHINGTON ROAD
		STREET 2:		SUITE 100
		CITY:			WEST PALM BEACH
		STATE:			FL
		ZIP:			33409
		BUSINESS PHONE:		561-682-8000

	MAIL ADDRESS:	
		STREET 1:		1661 WORTHINGTON ROAD
		STREET 2:		SUITE 100
		CITY:			WEST PALM BEACH
		STATE:			FL
		ZIP:			33409

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OCWEN FINANCIAL Corp
		DATE OF NAME CHANGE:	20110224

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	OCWEN FINANCIAL CORP
		DATE OF NAME CHANGE:	19960516

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ERBEY WILLIAM C
		CENTRAL INDEX KEY:			0001048105

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13219
		FILM NUMBER:		161702931

	MAIL ADDRESS:	
		STREET 1:		PO BOX 25437
		CITY:			CHRISTIANSTED
		STATE:			VI
		ZIP:			00824
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>doc1.xml
<DESCRIPTION>FORM 4
<TEXT>
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    <periodOfReport>2016-06-06</periodOfReport>

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        <issuerName>OCWEN FINANCIAL CORP</issuerName>
        <issuerTradingSymbol>OCN</issuerTradingSymbol>
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            <rptOwnerName>ERBEY WILLIAM C</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>P.O. BOX 25437</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>CHRISTIANSTED, ST. CROIX</rptOwnerCity>
            <rptOwnerState>VI</rptOwnerState>
            <rptOwnerZipCode>00824</rptOwnerZipCode>
            <rptOwnerStateDescription>VIRGIN ISLANDS, U.S.</rptOwnerStateDescription>
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    <nonDerivativeTable>
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                <value>Common Stock</value>
            </securityTitle>
            <postTransactionAmounts>
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                    <value>69805</value>
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            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>By Munus, L.P.</value>
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                <sharesOwnedFollowingTransaction>
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                </sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Tribue Limited Partnership</value>
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        <nonDerivativeHolding>
            <securityTitle>
                <value>Common Stock</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
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                <natureOfOwnership>
                    <value>By Caritas Partners, LLC</value>
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        </nonDerivativeHolding>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Call Options (obligation to sell)</value>
                <footnoteId id="F2"/>
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            </conversionOrExercisePrice>
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                <value>2015-12-18</value>
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            <deemedExecutionDate></deemedExecutionDate>
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            <exerciseDate>
                <value>2015-05-18</value>
            </exerciseDate>
            <expirationDate>
                <value>2015-12-18</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>2500000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Salt Pond Holdings, LLC</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Call Options (obligation to sell)</value>
                <footnoteId id="F3"/>
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            </conversionOrExercisePrice>
            <transactionDate>
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            <deemedExecutionDate></deemedExecutionDate>
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                <transactionPricePerShare>
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                <transactionAcquiredDisposedCode>
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                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2015-05-18</value>
            </exerciseDate>
            <expirationDate>
                <value>2016-05-20</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
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                <underlyingSecurityShares>
                    <value>500000</value>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
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                    <value>By Salt Pond Holdings, LLC</value>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Call Options (obligation to sell)</value>
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            <transactionDate>
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            <exerciseDate>
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            <expirationDate>
                <value>2016-05-20</value>
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                <underlyingSecurityTitle>
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        <derivativeTransaction>
            <securityTitle>
                <value>Call Options (obligation to sell)</value>
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                <transactionShares>
                    <value>30000</value>
                </transactionShares>
                <transactionPricePerShare>
                    <value>62.50</value>
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                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
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            <exerciseDate>
                <value>2016-06-06</value>
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            <expirationDate>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
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                <directOrIndirectOwnership>
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                    <value>62.50</value>
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                    <value>D</value>
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                <value>2018-01-19</value>
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    <footnotes>
        <footnote id="F1">On May 25, 2016, 1,000,000 shares of Ocwen Financial Corp (&quot;Ocwen&quot;) were transferred from Salt Pond Holdings, LLC (&quot;Salt Pond&quot;) to Tribue Limited Partnership, a U.S. Virgin Islands limited partnership (&quot;Tribue&quot;). This change in the form of Mr. Erbey's beneficial ownership did not change his pecuniary interest in the shares of Ocwen.</footnote>
        <footnote id="F2">On December 18, 2015, a call option previously written by Mr. Erbey via his holdings in Salt Pond expired out of the money.</footnote>
        <footnote id="F3">On May 20, 2016, two call options previously written by Mr. Erbey via his holdings in Salt Pond expired out of the money.</footnote>
        <footnote id="F4">Option transaction entered into by Tribue in which Salt Pond (56.2% of which is owned by Mr. Erbey, 24.5% of which is owned by the Frederiksted Trust, a U.S. Virgin Islands Trust, and 19.3% of which is owned by Erbey Holding Corporation, Inc., a corporation wholly-owned by Mr. Erbey) has a 90% preferred limited partner interest and a 9.9% common limited partner interest and Mr. Erbey has a 0.1% general partner interest.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ William C. Erbey</signatureName>
        <signatureDate>2016-06-08</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
