|
OCWEN
FINANCIAL CORPORATION
|
|
(Name of Issuer)
|
|
Common Stock, par value $0.01 per share
|
|
(Title of Class of Securities)
|
|
675746309
|
|
(CUSIP Number)
|
|
December 31, 2018
|
|
(Date of Event Which Requires Filing of this Statement)
|
|
CUSIP No.
|
675746309
|
|
Page 2 of 5
|
|
1
|
NAMES OF REPORTING PERSONS
|
|
|
||
|
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
|
|
|
|||
|
LEON G. COOPERMAN
|
|
|
|||
|
|
|
||||
|
2
|
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
||||
|
(a)☐
|
|||||
|
(b)☒
|
|
|
|||
|
3
|
SEC USE ONLY
|
|
|
||
|
|
|
|
|||
|
|
|
||||
|
4
|
CITIZENSHIP OR PLACE OF ORGANIZATION
|
|
|
||
|
United States
|
|
|
|||
|
|
|
||||
|
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
|
5
|
SOLE VOTING POWER
|
|
|
|
|
14,673,518
|
|
|
|||
|
|
|
||||
|
6
|
SHARED VOTING POWER
|
|
|
||
|
0
|
|
|
|||
|
|
|
||||
|
7
|
SOLE DISPOSITIVE POWER
|
|
|
||
|
14,673,518
|
|
|
|||
|
|
|
||||
|
8
|
SHARED DISPOSITIVE POWER
|
|
|
||
|
0
|
|
|
|||
|
|
|
||||
|
9
|
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
|
|
|
||
|
14,673,518
|
|
|
|||
|
|
|
||||
|
10
|
CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
|
|
|
||
|
☐
|
|
|
|||
|
|
|
||||
|
11
|
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
|
|
|
||
|
10.96%
|
|
|
|||
|
|
|
||||
|
12
|
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
|
|
|
||
|
IN
|
|
|
|||
|
|
|
||||
|
CUSIP No.
|
675746309
|
|
Page 3 of 5
|
| Item 1(a). |
Name of Issuer:
OCWEN FINANCIAL CORPORATION
|
| Item 1(b). |
Address of Issuer's Principal Executive Offices:
1661 Worthington Road, Suite 100, West Palm Beach, Florida 33409
|
| Item 2(a). |
Name of Person Filing:
This statement is filed on behalf of Leon G. Cooperman (“Mr. Cooperman”). Mr. Cooperman is engaged in, among other activities,
investing for his own account. Mr. Cooperman is the Managing Member of Omega Associates, L.L.C. (“Associates”), a limited liability company organized under the laws of the State of Delaware. Associates is a private investment firm
formed to invest in and act as general partner of investment partnerships or similar investment vehicles. Associates is the general partner of limited partnerships organized under the laws of Delaware known as Omega Capital
Partners, L.P. (“Capital LP”), Omega Capital Investors, L.P. (“Investors LP”), and Omega Equity Investors, L.P. (“Equity LP”), and also the general partner of the exempted limited partnership registered in the Cayman Islands known
Omega Credit Opportunities Master Fund, LP (“Credit LP”) . These entities are private investment firms engaged in the purchase and sale of securities for investment for their own accounts.
Mr. Cooperman is the ultimate controlling person of Associates, Capital LP, Investors LP, Equity LP, and Credit LP. The
principal business office of Associates, Capital LP, Investors LP, Equity LP, and Credit LP is 810 Seventh Avenue, 33rd floor, New York, New York 10019.
Mr. Cooperman is married to an individual named Toby Cooperman, and has an adult son named Michael S.
Cooperman. Mr. Cooperman has investment authority over the Shares held by Toby Cooperman and Michael S. Cooperman.
|
| Item 2(b). |
Address of Principal Business Office or, if none, Residence:
St. Andrew’s Country Club, 7118 Melrose Castle Lane, Boca Raton, FL 33496
|
| Item 2(c). |
Citizenship:
United States
|
| Item 2(d). |
Title of Class of Securities:
Common Stock, par value $0.01 per share ( the “Shares”)
|
| Item 2(e). |
CUSIP Number:
675746309
|
|
CUSIP No.
|
675746309
|
|
Page 4 of 5
|
|
Item 3.
|
If this Statement is Filed Pursuant to Sections 240.13d-1(b), or 240.13d-2(b) or (c);
This Item 3 is inapplicable.
|
| Item 4. | Ownership. |
|
(a)
(b)
|
Amount beneficially owned and;
Percent of Class:
Mr. Cooperman may be deemed the beneficial owner of 14,673,518 Shares, which constitutes approximately 10.96% of the total number of
Shares outstanding. This consists of 3,680,644 Shares owned by Capital LP; 963,980 Shares owned by Investors LP; 2,171,039 Shares owned by Equity LP; 5,857,855 Shares owned by Credit LP; 1,000,000 Shares owned by Mr. Cooperman;
500,000 Shares owned by Toby Cooperman; and 500,000 Shares owned by Michael S. Cooperman.
|
| (c) | Number of shares as to which the person has: |
| (i) |
Sole power to vote or to direct the vote:
14,673,518
|
| (ii) |
Shared power to vote or to direct the vote:
0
|
| (iii) |
Sole power to dispose or to direct the disposition of:
14,673,518
|
| (iv) |
Shared power to dispose or to direct the disposition of:
0
|
|
CUSIP No.
|
675746309
|
|
Page 5 of 5
|
| Item 5. | Ownership of Five Percent or Less of a Class. |
| Item 6. |
Ownership of More Than Five Percent on Behalf of Another Person.
This Item 6 is not applicable.
|
| Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding
Company or Control Person.
This Item 7 is not applicable.
|
| Item 8. |
Identification and Classification of Members of the Group.
This Item 8 is not applicable.
|
| Item 9. |
Notice of Dissolution of Group.
This Item 9 is not applicable.
|
|
Item 10.
|
Certification.
|