Edgar Filing: OCWEN FINANCIAL CORP

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â Devaney John

2. Date of Event Requiring Statement (Month/Day/Year)
08/03/2015

3. Issuer Name and Ticker or Trading Symbol
OCWEN FINANCIAL CORP [OCN]

(Last)

(First)

(Middle)

240 CRANDON BOULEVARD,Â SUITE 167

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

KEY BISCAYNE,Â FLÂ 33149

6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

Table I - Non-Derivative Securities Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,657,010	D ⁽¹⁾	Â
Common Stock	3,230,155	I ⁽²⁾	See footnote ⁽²⁾
Common Stock	5,043,691	I ⁽³⁾	See footnote ⁽³⁾
Common Stock	2,308,156	I ⁽⁴⁾	See footnote ⁽⁴⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security		6. Nature of Indirect Beneficial Ownership (Instr. 5)
Call Option (right to buy)	Â ⁽⁵⁾	01/15/2016	Common Stock, par value $0.01	124,000 ⁽⁶⁾	$ 12.5	I ⁽⁷⁾	See footnote ⁽⁷⁾
Call Option (right to buy)	Â ⁽⁵⁾	01/20/2017	Common Stock, par value $0.01	175,000 ⁽⁸⁾	$ 15	I ⁽⁹⁾	See footnote ⁽⁹⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Devaney John 240 CRANDON BOULEVARD SUITE 167 KEY BISCAYNE,Â FLÂ 33149	Â	Â X	Â	Â

Signatures

/s/ D. John Devaney		08/05/2015
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The reported securities are owned directly by D. John Devaney ("Devaney") in personal accounts and retirement accounts.
(2)	The reported securities are owned indirectly by Devaney. Devaney controls United Capital Markets Holdings, Inc. ("UCMHI"), which is the parent of United Aviations Holdings, Inc., the entity that owns 3,230,155 shares of the issuer's common stock.
(3)	The reported securities are owned indirectly by Devaney. Devaney controls UCMHI which is the parent of United Capital Markets, Inc. ("UCMI"), the entity that owns 5,043,691 shares of the issuer's common stock.
(4)	The reported securities are owned indirectly by Devaney. Devaney controls United Real Estate Ventures, Inc. ("UREVI"), the entity that owns 2,308,156 shares of the issuer's common stock.
(5)	These options are exercisable at any time prior to their expiration.
(6)	These options are represented by 1,240 call option contracts, each representing a right to purchase 100 shares of the issuer's common stock at a price of $12.50 per share.
(7)	The reported securities are owned indirectly by Devaney through UREVI.
(8)	These options are represented by 1,750 call option contracts, each representing a right to purchase 100 shares of the issuer's common stock at a price of $15.00 per share.
(9)	The reported securities are owned indirectly by Devaney through UCMI.

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