Sec Form 4 Filing - OBRIEN MARK J @ WALTER INVESTMENT MANAGEMENT CORP - 2012-05-02

FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP 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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1. Name and Address of Reporting Person OBRIEN MARK J 2. Issuer Name and Ticker or Trading Symbol WALTER INVESTMENT MANAGEMENT CORP [ WAC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) Chairman of the Board and CEO (Last) (First) (Middle) C/O WALTER INVESTMENT MANAGEMENT CORP., 3000 BAYPORT DRIVE, SUITE 1100 3. Date of Earliest Transaction (MM/DD/YY) 05/02/2012 (Street) TAMPA, FL33607 4. If Amendment, Date Original Filed (MM/DD/YY) 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 Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code (Instr. 8) 4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5) 5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4) 6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4) Code V Amount (A) or (D) Price Common Stock 05/02/2012 05/02/2012 S 200 D $ 20.35 549,539 D Common Stock 05/02/2012 05/02/2012 S 700 D $ 20.36 548,839 D Common Stock 05/02/2012 05/02/2012 S 400 D $ 20.37 548,439 D Common Stock 05/02/2012 05/02/2012 S 400 D $ 20.38 548,039 D Common Stock 05/02/2012 05/02/2012 S 100 D $ 20.395 547,939 D Common Stock 05/02/2012 05/02/2012 S 100 D $ 20.44 547,839 D Common Stock 05/03/2012 05/03/2012 S 400 D $ 19.82 547,439 D Common Stock 05/03/2012 05/03/2012 S 300 D $ 19.84 547,139 D Common Stock 05/03/2012 05/03/2012 S 600 D $ 19.85 546,539 D Common Stock 05/03/2012 05/03/2012 S 400 D $ 19.92 546,139 D Common Stock 05/03/2012 05/03/2012 S 320 D $ 19.93 545,819 D Common Stock 05/03/2012 05/03/2012 S 200 D $ 19.94 545,619 D Common Stock 05/03/2012 05/03/2012 S 500 D $ 19.96 545,119 D Common Stock 05/03/2012 05/03/2012 S 741 D $ 19.97 544,378 D Common Stock 05/03/2012 05/03/2012 S 1,200 D $ 19.98 543,178 D Common Stock 05/03/2012 05/03/2012 S 152 D $ 20.07 543,026 D Common Stock 05/03/2012 05/03/2012 S 200 D $ 20.13 542,826 D Common Stock 05/03/2012 05/03/2012 S 100 D $ 20.14 542,726 D Common Stock 05/03/2012 05/03/2012 S 200 D $ 20.17 542,526 D Common Stock 05/03/2012 05/03/2012 S 100 D $ 20.19 542,426 D Common Stock 05/03/2012 05/03/2012 S 100 D $ 20.21 542,326 D Common Stock 05/03/2012 05/03/2012 S 400 D $ 20.25 541,926 D Common Stock 05/03/2012 05/03/2012 S 100 D $ 20.28 541,826 D Common Stock 05/03/2012 05/03/2012 S 100 D $ 20.315 541,726 D Common Stock 05/03/2012 05/03/2012 S 100 D $ 20.32 541,626 D Common Stock 05/03/2012 05/03/2012 S 630 D $ 20.38 540,996 D Common Stock 05/03/2012 05/03/2012 S 100 D $ 20.39 540,896 D Common Stock 05/03/2012 05/03/2012 S 300 D $ 20.43 540,596 D Common Stock 05/03/2012 05/03/2012 S 100 D $ 20.44 540,496 D Common Stock 05/03/2012 05/03/2012 S 100 D $ 20.45 540,396 D

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code (Instr. 8) 5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) 6. Date Exercisable and Expiration Date (MM/DD/YY) 7. Title and Amount of Underlying Securities (Instr. 3 and 4) 8. Price of Derivative Security (Instr. 5) 9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4) Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other OBRIEN MARK J C/O WALTER INVESTMENT MANAGEMENT CORP. 3000 BAYPORT DRIVE, SUITE 1100 TAMPA, FL33607 X Chairman of the Board and CEO Signatures /s/ Stuart D. Boyd as Attorney-In-Fact for Mr. O'Brien 05/04/2012 Signature of Reporting Person Date

Explanation of Responses:

Remarks: On March 9, 2012 the Reporting Person entered into a Rule 10b5-1 Plan pursuant to which he instructed UBS Financial Services, Inc. tosell a sufficient number of shares of Walter Investment Management Corp. ("WIMC") stock to cover withholding tax obligationsand related brokerage commissions and fees due at such time as the restrictions on an award of WIMC restricted stock units ("RSUs")granted to the Reporting Person on April 20, 2009 lapsed (see Current Report on Form 8-K filed with the Securities andExchange Commission on April 3, 2012). The restrictions lapsed and the RSUs were exchanged for shares of WIMC stock on April 17, 2012. The sales reflected in this Form 4 were in partial payment of the tax liability incident to the settlement of the RSUs.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

* If the form is filed by more than one reporting person, see Instruction 4(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).

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