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OCWEN FINANCIAL CORPORATION
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(Name of Issuer)
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Common Stock, par value $0.01 per share
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(Title of Class of Securities)
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675746309
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(CUSIP Number)
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March 20, 2019
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(Date of Event Which Requires Filing of this Statement)
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CUSIP No.
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675746309
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Page 2 of 5
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1
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NAMES OF REPORTING PERSONS
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I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
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SAMUEL MARTINI
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2
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
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(a)☐
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(b)☒
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3
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SEC USE ONLY
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4
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CITIZENSHIP OR PLACE OF ORGANIZATION
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United States
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NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
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5
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SOLE VOTING POWER
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7,211,512
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6
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SHARED VOTING POWER
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0
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7
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SOLE DISPOSITIVE POWER
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7,211,512
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8
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SHARED DISPOSITIVE POWER
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0
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9
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
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7,211,512
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10
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CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
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☐
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11
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
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5.38%(1)
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12
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TYPE OF REPORTING PERSON
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IN
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CUSIP No.
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675746309
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Page 3 of 5
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Item 1(a).
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Name of Issuer:
OCWEN FINANCIAL CORPORATION
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Item 1(b).
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Address of Issuer's Principal Executive Offices:
1661 Worthington Road, Suite 100, West Palm Beach, Florida 33409 |
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Item 2(a).
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Name of Person Filing:
This statement is filed on behalf of Samuel Martini (the “Reporting Person”). The Reporting Person is the Co-Managing Member of OCO Capital GP LLC, a limited liability company organized under the laws of the State of Delaware and the general partner of OCO Capital GP LP (“GP”), a limited partnership organized under the laws of the State of Delaware. GP is the general partner of OCO Opportunities Master Fund, L.P. (“OCO Opportunities”), a limited partnership organized under the laws of the State of Delaware. OCO Opportunities is a private investment fund engaged in the purchase and sale of securities for investment. The principal business address of OCO Opportunities is 810 7th Ave., 33rd Floor, New York, NY 10019. |
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Item 2(b).
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Address of Principal Business Office or, if none, Residence:
810 7th Ave., 33rd
Floor, New York, NY 10019
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Item 2(c).
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Citizenship:
United States |
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Item 2(d).
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Title of Class of Securities:
Common Stock, par value $0.01 per share (the “Shares”)
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Item 2(e).
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CUSIP Number:
675746309
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CUSIP No.
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675746309
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Page 4 of 5
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Item 3.
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If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c);
This Item 3 is
inapplicable.
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Item 4.
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Ownership.
Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer
identified in Item 1.
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(a)(b)
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Amount beneficially owned and percent of Class:
The Reporting Person may be deemed the beneficial owner of 7,211,512 Shares, which constitutes approximately 5.38% of the total
number of Shares outstanding. The Reporting Person’s beneficial ownership consists of 7,211,482 Shares owned by OCO Opportunities and 30 Shares owned by a member of the Reporting Person’s family.
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(c)
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Number of shares as to which the person has:
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(i)
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Sole power to vote or to direct the vote:
7,211,512
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(ii)
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Shared power to vote or to direct the vote:
0
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(iii)
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Sole power to dispose or to direct the disposition of:
7,211,512 |
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(iv)
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Shared power to dispose or to direct the
disposition of:
0 |
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CUSIP No.
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675746309
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Page 5 of 5
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Item 5.
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Ownership of Five Percent or Less of a Class.
If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the
beneficial owner of more than five percent of the class of securities, check the following ☐
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Item 6.
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Ownership of More Than Five Percent on Behalf of Another Person.
This Item 6 is not applicable. |
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Item 7.
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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.
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Item 8.
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Identification and Classification of Members of the Group.
This Item 8 is not applicable.
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Item 9.
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Notice of Dissolution of Group.
This Item 9 is not applicable.
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Item 10.
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Certification.
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SAMUEL MARTINI
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By:
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/s/ Samuel Martini
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Samuel Martini
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