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UNITED STATES OMB APPROVAL
SECURITIES AND EXCHANGE COMMISSION ------------------------------------
OMB Number: 3235-0101
Washington, D.C. 20549 Expires: September 30, 1996
Estimated average burden
FORM 144 hours per response 2.0
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NOTICE OF PROPOSED SALE OF SECURITIES SEC USE ONLY
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933 ------------------------------------
DOCUMENT SEQUENCE NO.
ATTENTION: Transmit for filing 3 copies of this form concurrently with either ------------------------------------
placing an order with a broker to execute sale or executing a sale CUSIP NUMBER
directly with a market maker. ------------------------------------
WORK LOCATION
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<S> <C> <C>
1(a) NAME OF ISSUER (please type or print) (b) IRS IDENT NO. (c) S.E.C. FILE NO.
Ocwen Financial Corporation 650039856 00021341
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1(d) ADDRESS OF ISSUER STREET CITY STATE ZIP CODE (e) TELEPHONE NO.
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1675 Palm Beach Lakes Boulevard West Palm Beach FL 33401 AREA CODE NUMBER
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2(a) NAME OF PERSON FOR WHOSE (b) SOCIAL SECURITY (c) RELATIONSHIP (d) ADDRESS STREET CITY STATE ZIP CODE
ACCOUNT THE SECURITIES NO. OR IRS IDENT. NO. TO ISSUER
ARE TO BE SOLD OR IRS IDENT. NO.
SOLE SHAREHOLDER OF
THE GENERAL PARTNER
OF THE SELLER IS THE
SENIOR MANAGING
FAMILY LIMITED DIRECTOR OF THE
JOHN R. ERBEY - PARTNERSHIP 52-2012822 ISSUER 30 OLD RUDNICK LANE DOVER, DE 19901
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INSTRUCTION: The person filing this notice should contact the issuer to obtain
the I.R.S. Identification Number and the S.E.C. File Number.
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3(a) Title of (b) Name and Address of Each Broker Through Whom the SEC USE (c) Number (d) Aggregate
the Securities are to be Offered or Each Market ONLY of Shares Market
Class of Make who is Acquiring the Securities or Other Value
Securities Broker-Dealer Units to
File Number Be Sold
(See instr. 3(c)) (See instr. 3(d))
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Common Lehman Brothers 40,000 275,000
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(e) Number of Shares (f) Approximate (g) Name of
or Other Units Date of Sale Each Securities
Outstanding Exchange
(See instr. 3(e))
(See instr. 3(f) (MO. DAY YR.) (See instr. 3(g))
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71,450,515 11/30/99 NYSE
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INSTRUCTIONS:
1. (a) Name of issuer
(b) Issuer's I.R.S. Identification Number
(c) Issuer's S.E.C. file number, if any
(d) Issuer's address, including zip code
(e) Issuer's telephone number, including area code
2. (a) Name of person for whose account the securities are to be sold
(b) Such person's Social Security or I.R.S. identification number
(c) Such person's relationship to the issuer (e.g., officer, director, 10%
stock holder, or member of immediate family of any of the foregoing)
(d) Such person's address, including zip code
3. (a) Title of the class of securities to be sold
(b) Name and address of each broker through whom the securities are intended
to be sold
(c) Number of shares or other units to be sold (if debt securities, give the
aggregate face amount)
(d) Aggregate market value of the securities to be sold as of a specified
date within 10 days prior to the filing of this notice
(e) Number of shares or other units of the class outstanding, or if debt
securities the face number thereof outstanding, as shown by the most
recent report or statement published by the issuer
(f) Approximate date on which the securities are to be sold
(g) Name of each securities exchange, if any, on which the securities are
intended to be sold
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TABLE I - SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition of the
securities to be sold and with respect to the payment of all or any part of the
purchase price or other consideration therefor:
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Title of Date you Nature of Acquisition Transaction Name of Person from Whom Acquired
the Class Acquired (If gift, also give date donor
acquired)
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<S> <C> <C> <C>
Common 9/96 Exercise of Stock Options Ocwen Financial Corporation
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Amount of Date of Nature of Payment
Securities Payment
Acquired
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40,000 9/96 Cash
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INSTRUCTIONS: If the securities were purchased and full payment therefor was not
made in cash at the time of purchase, explain in the table or in a note thereto
the nature of the consideration given. If the consideration consisted of any
note or other obligation, or if payment was made in installments describe the
arrangement and state when the note or other obligation was discharged in full
or the last installment paid.
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TABLE II - SECURITIES SOLD DURING THE PAST 3 MONTHS
Furnish the following information as to all securities of the issuer sold during
the past 3 months by the person for whose account the securities are to be sold
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Name and Address of Seller Title of Securities Sold Date of Sale Amount of Gross Proceeds
Securities Sold
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<S> <C> <C> <C> <C>
N/A N/A N/A N/A N/A
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REMARKS:
INSTRUCTIONS:
See the definition of "person" in paragraph (a) of Rule 144. Information is to
be given not only as to the person for whose account the securities are to be
sold but also as to all other persons included in that definition. In addition,
information shall be given as to sales by all the securities to persons whose
sales are required by paragraph (e) of Rule 144 to be aggregated with sales for
the account of the person filing this notice.
11/30/1999
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DATE OF NOTICE
ATTENTION:
The person for whose account the securities to which this notice relates are to
be sold hereby represents by signing this notice that he does not know any
material adverse information in regard to the current current and prospective
operations of the Issuer of the securities to be sold which has not been
publicly disclosed.
/s/ JOHN R. ERBEY, PRESIDENT OF JOHN R. ERBEY ENTERPRISES, INC.,
GENERAL PARTNER
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(SIGNATURE)
The notice shall be signed by the person for whose account the securities are to
be sold. At least one copy of the notice shall be manually signed. Any copies
not manually signed shall bear typed or printed signatures.
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ATTENTION: Intentional misstatements or omission of facts constitute Federal
Criminal Violations (See 18 U.S.C. 1001)
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SEC 1147 (9-93)
