UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act of 1934
(Amendment No. 1)
OCWEN FINANCIAL CORP
--------------------------------------------------------------------------------
(Name of Issuer)
Common
--------------------------------------------------------------------------------
(Title of Class of Securities)
675746309
--------------------------------------------------------------------------------
(CUSIP Number)
December 31, 2015
--------------------------------------------------------------------------------
(Date of Event Which Requires Filing Of This Statement)
Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:
(X) Rule 13d-1(b)
( ) Rule 13d-1(c)
( ) Rule 13d-1(d)
13G
CUSIP 675746309
--------------------------------------------------------------------------------
1. Name of reporting person
S.S. or I.R.S. identification no. of above person
Putnam Investments, LLC. d/b/a/ Putnam Investments
26-1080669
--------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group
(a) ( ) (b) ( )
--------------------------------------------------------------------------------
3. SEC use only
--------------------------------------------------------------------------------
4. Citizenship or place of organization
Delaware
--------------------------------------------------------------------------------
Number of shares beneficially owned by each reporting person with:
5. Sole Voting Power
NONE
------------------------
6. Shared Voting Power
NONE
------------------------
7. Sole Dispositive
9,880,900
------------------------
8. Shared Dispositive
NONE
--------------------------------------------------------------------------------
9. Aggregate amount beneficially owned by each reporting person
9,880,900
--------------------------------------------------------------------------------
10. Check box if the aggregate amount in row (9) excludes certain
shares ( )
--------------------------------------------------------------------------------
11. Percent of class represented by amount in row 9
7.9%
--------------------------------------------------------------------------------
12. Type of Reporting person
HC
--------------------------------------------------------------------------------
13G
CUSIP 675746309
--------------------------------------------------------------------------------
1. Name of reporting person
S.S. or I.R.S. identification no. of above person
Putnam Investment Management, LLC.
04-3542621
--------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group
(a) ( ) (b) ( )
--------------------------------------------------------------------------------
3. SEC use only
--------------------------------------------------------------------------------
4. Citizenship or place of organization
Delaware
--------------------------------------------------------------------------------
Number of shares beneficially owned by each reporting person with:
5. Sole Voting Power
NONE
------------------------
6. Shared Voting Power
NONE
------------------------
7. Sole Dispositive
9,880,900
------------------------
8. Shared Dispositive
NONE
--------------------------------------------------------------------------------
9. Aggregate amount beneficially owned by each reporting person
9,880,900
--------------------------------------------------------------------------------
10. Check box if the aggregate amount in row (9) excludes certain
shares ( )
--------------------------------------------------------------------------------
11. Percent of class represented by amount in row 9
7.9%
--------------------------------------------------------------------------------
12. Type of Reporting person
IA
--------------------------------------------------------------------------------
13G
CUSIP 675746309
--------------------------------------------------------------------------------
1. Name of reporting person
S.S. or I.R.S. identification no. of above person
The Putnam Advisory Company, LLC.
04-3543039
--------------------------------------------------------------------------------
2. Check the appropriate box if a member of a group
(a) ( ) (b) ( )
--------------------------------------------------------------------------------
3. SEC use only
--------------------------------------------------------------------------------
4. Citizenship or place of organization
Delaware
--------------------------------------------------------------------------------
Number of shares beneficially owned by each reporting person with:
5. Sole Voting Power
NONE
------------------------
6. Shared Voting Power
NONE
------------------------
7. Sole Dispositive
NONE
------------------------
8. Shared Dispositive
NONE
--------------------------------------------------------------------------------
9. Aggregate amount beneficially owned by each reporting person
NONE
--------------------------------------------------------------------------------
10. Check box if the aggregate amount in row (9) excludes certain
shares ( )
--------------------------------------------------------------------------------
11. Percent of class represented by amount in row 9
NONE
--------------------------------------------------------------------------------
12. Type of Reporting person
IA
--------------------------------------------------------------------------------
Item 1(a) Name of Issuer:
OCWEN FINANCIAL CORP
--------------------------------------------------------------------------------
Item 1(b) Address of Issuer's Principal Executive Offices:
1661 Worthington Road
Suite 100
West Palm Beach, Florida 33409
--------------------------------------------------------------------------------
Item 2(a) Item 2(b)
Name of Person Filing: Address or principal business office or,
if none, residence:
Putnam Investments, LLC d/b/a One Post Office Square
Putnam Investments ("PI") Boston, Massachusetts 02109
on behalf of itself and:
Putnam Investment Management One Post Office Square
Management, LLC. ("PIM") Boston, Massachusetts 02109
The Putnam Advisory One Post Office Square
Company, LLC. ("PAC") Boston, Massachusetts 02109
--------------------------------------------------------------------------------
Item 2(c) Citizenship:
PI, PIM and PAC are limited liability companies organized under Delaware law.
--------------------------------------------------------------------------------
Item 2(d) Title of Class of Securities:
Common
--------------------------------------------------------------------------------
Item 2(e) Cusip Number:
675746309
--------------------------------------------------------------------------------
Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b)
or (c), check whether the person filing is a:
(a)( ) Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)( ) Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)( ) Insurance company as defined in section 3(a)(19) of the Act
(15 U.S.C. 78c);
(d)( ) Investment company registered under section 8 of the Investment Company
Act of 1940 (15 U.S.C 80a-8);
(e)(X) An investment adviser in accordance with 240.13d-1(b)(1)(ii)(E);
(f)( ) An employee benefit plan or endowment fund in accordance with
240.13d-1(b)(1)(ii)(F);
(g)(X) A parent holding company or control person in accordance with
240.13d-1(b)(1)(ii)(G);
(h)( ) A savings associations as defined in Section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i)( ) A church plan that is excluded from the definition of an investment
company under section 3(c)(14) of the Investment Company Act of 1940
(15 U.S.C. 80a-3);
(j)( ) A non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J);
(k)( ) Group, in accordance with 240.13d-1(b)(1)(ii)(K). If filing as a
non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J),
please specify the type of institution: ____________________________
Item 4. Ownership
PIM* + PAC* = PI**
---- ---- ----
(a) Amount Beneficially 9,880,900 NONE 9,880,900
Owned:
(b) Percent of Class: 7.9% NONE 7.9%
(c) Number of shares as to
which the person has:
(1) Sole power to vote NONE NONE NONE
or to direct the vote;
(but see Item 7)
(2) Shared power to vote NONE NONE NONE
or to direct the vote;
(but see Item 7)
(3) Sole power to dispose
or to direct the 9,880,900 NONE 9,880,900
disposition of;
(but see Item 7)
(4) Shared power to
dispose or to direct NONE NONE NONE
the disposition of;
(but see Item 7)
* Investment adviser subsidiary of PI
** Parent company to PIM and PAC
Item 5. Ownership of 5 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 5
percent of the class of securities, check the following ( )
Item 6. Ownership of More than Five/Ten Percent on Behalf of Another Person:
Clients of or the persons filing this Schedule 13G have the right to receive or
the power to direct the receipt of dividends from, or the proceeds from the sale
of, the securities reported on this Schedule 13G. Unless otherwise indicated by
the persons filing this Schedule 13G, no person's interest relates to more than
five percent of the class of securities. Securities reported on this Schedule
13G as being beneficially owned by PI consist of securities beneficially owned
by subsidiaries of PI which are registered investment advisers, which in turn
include securities beneficially owned by clients of such investment advisers,
which clients may include investment companies registered under the Investment
Company Act and/or employee benefit plans, pension funds, endowment funds or
other institutional clients.
Item 7. Identification and Classification of the Subsidiary Which Acquired
the Security Being Reported on By the Parent Holding Company
PI, wholly owns two registered investment advisers: Putnam Investment
Management, LLC, which is the investment adviser to the Putnam family of mutual
funds and the Putnam Advisory Company, LLC, which is the investment adviser to
Putnam's institutional clients. Both subsidiaries have dispositive power over
the shares as investment managers. In the case of shares held by the Putnam
mutual funds managed by Putnam Investment Management, LLC, the mutual funds,
through their boards of trustees, have voting power. Unless otherwise indicated,
The Putnam Advisory Company, LLC has sole voting power over the shares held
by its institutional clients.
Pursuant to Rule 13d-4, PI declares that the filing of this Schedule
13G shall not be deemed an admission for the purposes of Section 13(d) or 13(g)
that it is the beneficial owner of any securities covered by this Schedule 13G,
and further states that it does not have any power to vote or dispose of, or
direct the voting or disposition of, any of the securities covered by this
Schedule 13G.
Item 8. Identification and Classification of Members of the Group:
Not applicable.
Item 9. Notice of Dissolution of Group:
Not applicable
Item 10. Certification.
By signing below I certify that, to the best of my knowledge and belief, the
securities referred to above were acquired and are held in the ordinary course
of business and were not acquired and are not held for the purpose of or with
the effect of changing or influencing the control of the issuer of the
securities and were not acquired and are not held in connection with or as a
participant in any transaction having that purpose or effect, other than
activities solely in connection with a nomination under 240.14a-11.
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete
and correct.
Putnam Investments, LLC
/s/ Harold P. Short Jr.
BY: -------------------------------------
Signature
Name/Title: Harold P. Short Jr.
Director, Trade Oversight Compliance
and International Compliance
Date: February 16, 2016
For this and all future filings, reference is made to Power of Attorney
dated February 15, 2011, with respect to duly authorized signatures on
behalf of Putnam Investments LLC., Putnam Investment Management, LLC.,
The Putnam Advisory Company, LLC. and any Putnam Fund wherever applicable.
For this and all future filings, reference is made to an Agreement dated
June 28, 1990, with respect to one filing of Schedule 13G on behalf of said
entities, pursuant to Rule 13d-1(f)(1).