Form 4 for ASPS ALTISOURCE PORTFOLIO SOLUTIONS S.A.
Accepted 2022-03-11 00:00:00 ET · period of report 2022-03-09 · accession 0001664272-22-000190 · 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 | Esterman Michelle D. | CFO | F - Tax | $10.62 | -2,541 | 47.5K | -5% | -$27.0K |
| D | 2022-03-11 | 2022-03-09 | ASPS | Esterman Michelle D. | CFO | M - OptEx | $0.00 | +8,445 | 50.0K | +20% | $0 |
| DM | 2022-03-11 | 2022-03-09 | ASPS | Esterman Michelle D. | CFO | M - OptEx | $0.00 | -8,445 | 1,334 | -86% | $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 | F | D | 2,541 | $10.62 | 47,460 | D | — | — | (F2) Of the 8,445 RSUs vesting into shares reported above, 2,541 shares were foregone to pay for the tax withholding with a net issuance to Ms. Esterman of 5,904 shares. Pursuant to the terms of the award agreements, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on March 9, 2022. |
| 2 | Common | Common Stock | 2022-03-09 | M | A | 8,445 | $0.00 | 50,001 | D | — | — | (F1) 8,445 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to awards under the 2009 Equity Incentive Plan, as amended and the 2020 Annual Incentive Plan. |
| 3 | Derivative | Restricted Share Units | 2022-03-09 | M | D | 3,111 | $0.00 | 6,223 | D | $0.00 · — to — | 3,111 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 6,223 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 | 5,334 | $0.00 | 1,334 | D | $0.00 · — to — | 5,334 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 1,334 RSUs are scheduled to vest on the second anniversary of the March 9, 2021 grant date (i.e., March 9, 2023). |