Form 4 for ASPS ALTISOURCE PORTFOLIO SOLUTIONS S.A.
Accepted 2023-03-22 00:00:00 ET · period of report 2023-03-20 · accession 0001664272-23-000290 · 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 | 2023-03-22 | 2023-03-20 | ASPS | RITTS GREGORY J. | Chief Legal, Compliance Off | M - OptEx | $0.00 | +7,190 | 46.2K | +18% | $0 |
| D | 2023-03-22 | 2023-03-20 | ASPS | RITTS GREGORY J. | Chief Legal, Compliance Off | F - Tax | $4.59 | -3,392 | 42.8K | -7% | -$15.6K |
| DM | 2023-03-22 | 2023-03-20 | ASPS | RITTS GREGORY J. | Chief Legal, Compliance Off | M - OptEx | $0.00 | -7,190 | 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 | 2023-03-20 | M | A | 7,190 | $0.00 | 46,193 | D | — | — | (F1) 7,190 shares of ASPS common stock were received upon the vesting of restricted share units ("RSUs") pursuant to awards under the Altisource 2020 Long Term Incentive Plan ("LTIP") and the Altisource 2021 LTIP. |
| 2 | Common | Common Stock | 2023-03-20 | F | D | 3,392 | $4.59 | 42,801 | D | — | — | (F2) Of the 7,190 RSUs vesting into shares reported above, 3,392 shares were surrendered to pay for the tax withholding with a net issuance to Mr. Ritts of 3,798 shares. The price per share used to determine the tax withholdings was the opening price of Altisource Portfolio Solutions S.A. ("ASPS") common stock on March 20, 2023. |
| 3 | Derivative | Restricted Share Units | 2023-03-20 | M | D | 2,733 | $0.00 | 2,734 | D | $0.00 · — to — | 2,733 Common Stock | (F6) Represents the second tranche of Type I performance-based RSUs granted on March 9, 2021, pursuant to the Altisource 2021 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock. (F7) The remaining 2,734 RSUs are scheduled to vest on the third anniversary of the March 9, 2021 grant date (i.e., March 9, 2024). (F4) The vesting dates of the Altisource 2020 LTIP and the Altisource 2021 LTIP awards previously scheduled to vest on January 24, 2023 and March 9, 2023 were deferred until March 20, 2023 upon the approval of the Altisource Compensation Committee. |
| 4 | Derivative | Restricted Share Units | 2023-03-20 | M | D | 2,105 | $0.00 | 0 | D | $0.00 · — to — | 2,105 Common Stock | (F3) Represents the final vesting of Type I performance-based RSUs granted on January 24, 2020, pursuant to the Altisource 2020 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock. (F4) The vesting dates of the Altisource 2020 LTIP and the Altisource 2021 LTIP awards previously scheduled to vest on January 24, 2023 and March 9, 2023 were deferred until March 20, 2023 upon the approval of the Altisource Compensation Committee. |
| 5 | Derivative | Restricted Share Units | 2023-03-20 | M | D | 2,352 | $0.00 | 0 | D | $0.00 · — to — | 2,352 Common Stock | (F5) Represents the full and final vesting of Type II performance-based RSUs granted on January 24, 2020, pursuant to the Altisource 2020 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock. (F4) The vesting dates of the Altisource 2020 LTIP and the Altisource 2021 LTIP awards previously scheduled to vest on January 24, 2023 and March 9, 2023 were deferred until March 20, 2023 upon the approval of the Altisource Compensation Committee. |