Form 4 for ASPS ALTISOURCE PORTFOLIO SOLUTIONS S.A.
Accepted 2022-03-11 00:00:00 ET · period of report 2022-03-09 · accession 0001664272-22-000189 · 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2022-03-11 | 2022-03-09 | ASPS | RITTS GREGORY J. | Chief Legal, Compliance Off | M - OptEx | $0.00 | +2,838 | 30.5K | +10% | $0 |
| D | 2022-03-11 | 2022-03-09 | ASPS | RITTS GREGORY J. | Chief Legal, Compliance Off | F - Tax | $10.62 | -1,338 | 29.2K | -4% | -$14.2K |
| DM | 2022-03-11 | 2022-03-09 | ASPS | RITTS GREGORY J. | Chief Legal, Compliance Off | M - OptEx | $0.00 | -2,838 | 26 | -99% | $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 | 2022-03-09 | M | A | 2,838 | $0.00 | 30,523 | D | — | — | (F1) 2,838 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to an award under the 2009 Equity Incentive Plan, as amended and the 2020 Annual Incentive Plan. |
| 2 | Common | Common Stock | 2022-03-09 | F | D | 1,338 | $10.62 | 29,185 | D | — | — | (F2) Of the 2,838 RSUs vesting into shares reported above, 1,338 shares were foregone to pay for the tax withholding with a net issuance to Mr. Ritts of 1,500 shares. Pursuant to the terms of the award agreement, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on March 9, 2022. |
| 3 | Derivative | Restricted Share Units | 2022-03-09 | M | D | 2,733 | $0.00 | 5,467 | D | $0.00 · — to — | 2,733 Common Stock | (F5) Represents the vesting of performance-based RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock. (F6) The remaining 5,467 performance-based RSUs are scheduled to vest in equal installments on the second and third anniversaries of the grant date (i.e., March 9, 2023 and March 9, 2024). |
| 4 | Derivative | Restricted Share Units | 2022-03-09 | M | D | 105 | $0.00 | 26 | D | $0.00 · — to — | 105 Common Stock | (F3) Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock. (F4) The remaining 26 RSUs are scheduled to vest on the second anniversary of the March 9, 2021 grant date (i.e., March 9, 2023). |