<SEC-DOCUMENT>0001140361-16-089035.txt : 20161207
<SEC-HEADER>0001140361-16-089035.hdr.sgml : 20161207
<ACCEPTANCE-DATETIME>20161207164136
ACCESSION NUMBER:		0001140361-16-089035
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20161205
FILED AS OF DATE:		20161207
DATE AS OF CHANGE:		20161207

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:		162039456

	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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        <issuerTradingSymbol>OCN</issuerTradingSymbol>
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            <rptOwnerStreet2></rptOwnerStreet2>
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            <rptOwnerState>VI</rptOwnerState>
            <rptOwnerZipCode>00824</rptOwnerZipCode>
            <rptOwnerStateDescription>VIRGIN ISLANDS, U.S.</rptOwnerStateDescription>
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            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
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                <natureOfOwnership>
                    <value>By Munus, L.P.</value>
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                    <value>By Tribue Limited Partnership</value>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Call Options (obligation to sell)</value>
                <footnoteId id="F1"/>
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                <value>2.50</value>
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            <transactionDate>
                <value>2016-12-05</value>
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            <deemedExecutionDate></deemedExecutionDate>
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                <transactionFormType>4</transactionFormType>
                <transactionCode>X</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
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                    <value>2</value>
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            </exerciseDate>
            <expirationDate>
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            </expirationDate>
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                <underlyingSecurityTitle>
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                </underlyingSecurityTitle>
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            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
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                    <value>I</value>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
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                <footnoteId id="F1"/>
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            <exerciseDate>
                <value>2016-07-20</value>
            </exerciseDate>
            <expirationDate>
                <value>2018-01-19</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
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            <postTransactionAmounts>
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                <sharesOwnedFollowingTransaction>
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            <ownershipNature>
                <directOrIndirectOwnership>
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                <natureOfOwnership>
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        </derivativeTransaction>
        <derivativeTransaction>
            <securityTitle>
                <value>Membership Unit Interests</value>
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            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>By Christiansted Trust</value>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
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    <footnotes>
        <footnote id="F1">On December 5, 2016 and December 6, 2016, call options previously written by Tribue Limited Partnership (&quot;Tribue&quot;) were exercised.</footnote>
        <footnote id="F2">On October 27, 2016, Mr. Erbey gifted his 56.2% membership unit interests in Salt Pond Holdings, LLC to the Christiansted Trust, a U.S. Virgin Islands trust (the &quot;Trust&quot;) in which Mr. Erbey has investment control and for which Mr. Erbey, Mr. and Mrs. Erbey's descendants and charitable organizations are the beneficiaries.  No Ocwen shares were transferred as part of the gift and as a result, Mr. Erbey's beneficial ownership in the shares of Ocwen did not change.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ William C. Erbey</signatureName>
        <signatureDate>2016-12-07</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
