<SEC-DOCUMENT>0001493152-18-004611.txt : 20180402
<SEC-HEADER>0001493152-18-004611.hdr.sgml : 20180402
<ACCEPTANCE-DATETIME>20180402213934
ACCESSION NUMBER:		0001493152-18-004611
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20180329
FILED AS OF DATE:		20180402
DATE AS OF CHANGE:		20180402

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Bourque Michael R Jr
		CENTRAL INDEX KEY:			0001609091

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-13219
		FILM NUMBER:		18731150

	MAIL ADDRESS:	
		STREET 1:		C/O OCWEN FINANCIAL CORPORATION
		STREET 2:		2002 SUMMIT BLVD., 6TH FLOOR
		CITY:			ATLANTA
		STATE:			GA
		ZIP:			30319

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
</SEC-HEADER>
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<SEQUENCE>1
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        <issuerName>OCWEN FINANCIAL CORP</issuerName>
        <issuerTradingSymbol>OCN</issuerTradingSymbol>
    </issuer>

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            <rptOwnerName>Bourque Michael R Jr</rptOwnerName>
        </reportingOwnerId>
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            <rptOwnerStreet1>1661 WORTHINGTON ROAD, SUITE 100</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>WEST PALM BEACH</rptOwnerCity>
            <rptOwnerState>FL</rptOwnerState>
            <rptOwnerZipCode>33409</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>1</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle>EVP &amp; Chief Financial Officer</officerTitle>
            <otherText></otherText>
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    <derivativeTable>
        <derivativeTransaction>
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            <transactionDate>
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                    <value>21667</value>
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            <expirationDate>
                <footnoteId id="F4"/>
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            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Common Stock</value>
                </underlyingSecurityTitle>
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                    <value>21667</value>
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                <transactionShares>
                    <value>21250</value>
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                <transactionPricePerShare>
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                <footnoteId id="F5"/>
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                    <value>21250</value>
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                <sharesOwnedFollowingTransaction>
                    <value>42500</value>
                </sharesOwnedFollowingTransaction>
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                <directOrIndirectOwnership>
                    <value>D</value>
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        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Each Restricted Stock Unit represents a contingent right to receive one share of OCN common stock for no additional consideration.</footnote>
        <footnote id="F2">Shares withheld pursuant to terms of the award to cover tax withholding obligations.</footnote>
        <footnote id="F3">On March 29, 2016, the reporting person was granted 65,000 restricted stock units scheduled to vest in three annual installments of 21,667, 21,667 and 21,666, respectively, commencing March 29, 2017, subject to the reporting person's continued employment.</footnote>
        <footnote id="F4">The Restricted Stock Units have no expiration date.</footnote>
        <footnote id="F5">On March 29, 2016, the reporting person was granted 85,000 performance-based restricted stock units subject to both a performance-based condition and a time-based vesting schedule. The grant provided that if, on or before the fourth anniversary of the transaction date of March 29, 2016, the average of the closing prices per share of OCN Common Stock for a period of twenty consecutive trading days, plus the amount of any dividends paid on a share of OCN Common Stock on or before the last day of that period, equaled or exceeded $4.78, the restricted stock units would vest in four annual installments on the first, second, third and fourth anniversaries of March 29, 2016. This performance-based condition was satisfied on November 30, 2016. As a result, this award is scheduled to vest in four annual installments of 21,250, 21,250, 21,250 and 21,250 commencing March 29, 2017, subject to the reporting person's continued employment.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Michael J. Stanton, Attorney-in-Fact for Michael R. Bourque, Jr.</signatureName>
        <signatureDate>2018-04-02</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
