Ocwen Financial Corp (OCN): Kingstown Capital Partners Trims Its Position by 250,000 Shares

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Page 2 of 15 – SEC Filing

1
NAME OF REPORTING PERSON
KINGSTOWN PARTNERS MASTER LTD.
2
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
  (a) o
  (b) o
3
SEC USE ONLY
4
SOURCE OF FUNDS
WC
5
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) OR 2(e)
¨
6
CITIZENSHIP OR PLACE OF ORGANIZATION
CAYMAN ISLANDS
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7
SOLE VOTING POWER
– 0 –
8
SHARED VOTING POWER
7,990,051
9
SOLE DISPOSITIVE POWER
– 0 –
10
SHARED DISPOSITIVE POWER
7,990,051
11
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
 
7,990,051*
12
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES
o
13
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
 
6.45%*
14
TYPE OF REPORTING PERSON
 
CO

* Possesses economic exposure to an aggregate of 8,207,153 shares (representing approximately 6.63% of the outstanding shares) due to certain cash-settled total return swap agreements as further explained in Item 6 of Amendment No. 1 to the Schedule 13D.

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