Form 4 for ASPS ALTISOURCE PORTFOLIO SOLUTIONS S.A.
Accepted 2022-05-19 00:00:00 ET · period of report 2022-05-17 · accession 0000905148-22-000399 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| MI | 2022-05-19 | 2022-05-17 | ASPS | Burg Scott Edward | 10%, See Remarks | A - Grant | $0.00 | +17.7K | 3.78M | +0.5% | $0 |
| 2022-05-19 | 2022-05-17 | ASPS | Burg Scott Edward | 10%, See Remarks | D - Sale to Iss | $0.00 | -125 | 0 | -100% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2022-05-17 | A | A | 17,180 | $0.00 | 3,795,899 | I See footnotes | — | — | (F3) All income derived in connection with Mr. Burg's and Ms. Hickok's service as a director on the Board belongs, in economic terms, to STS Master Fund, Ltd. Ms. Hickok has no right to any compensation received in connection with her service on the Board and does not have any pecuniary interest in the Shares reported herein. (F2) These Shares represent the aggregate non-management Director stock award granted to Scott Edward Burg and Ms. Hickok for their respective service on the Board for the 2021 to 2022 service year. Since Mr. Burg attended all of the meetings for the 2021 to 2022 service year until his resignation on March 1, 2022, he received 13,462 Shares, and because Ms. Hickok has attended all of the meetings since her election to the Board on March 1, 2022, she received 3,718 Shares. (F5) These Shares are held for the account of STS Master Fund, Ltd. Deer Park serves as investment adviser to STS Master Fund, Ltd. (F6) Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Each of Deer Park Road Corporation ("DPRC") and AgateCreek LLC ("AgateCreek") is a member of DPRM. Michael Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the majority owner of DPRC. Scott Edward Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |
| 2 | Common | Common Stock | 2022-05-17 | A | A | 500 | $0.00 | 3,778,719 | I See footnotes | — | — | (F1) These shares of the Issuer's common stock ("Shares") represent a one-time award granted to Mary Hickok, Managing Director at Deer Park Road Management Company, LP ("Deer Park"), in connection with her appointment to the Issuer's board of directors (the "Board"). These Shares are scheduled to vest in four (4) equal installments, with the initial portion vesting on the date of the 2022 annual meeting and vesting continuing on the dates of the next three (3) annual meetings. (F3) All income derived in connection with Mr. Burg's and Ms. Hickok's service as a director on the Board belongs, in economic terms, to STS Master Fund, Ltd. Ms. Hickok has no right to any compensation received in connection with her service on the Board and does not have any pecuniary interest in the Shares reported herein. (F5) These Shares are held for the account of STS Master Fund, Ltd. Deer Park serves as investment adviser to STS Master Fund, Ltd. (F6) Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Each of Deer Park Road Corporation ("DPRC") and AgateCreek LLC ("AgateCreek") is a member of DPRM. Michael Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the majority owner of DPRC. Scott Edward Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose. |
| 3 | Common | Common Stock | 2022-05-17 | D | D | 125 | $0.00 | 0 | D | — | — | (F4) These Shares did not vest and were forfeited due to Mr. Burg not serving as a director through the 2022 annual meeting. |