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ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2019
Jul 30, 2019
34042_dirs_2019-07-30_bb43ff4a-8b96-4fb3-bad7-7be286dcc355.zip
Director's Dealing
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SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2019-07-29
Reporting Person: RITTS GREGORY J. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2019-07-29 | Common Stock | F | 788.0000 | $20.5900 | Disposed | 21726.0000 | Direct |
Footnotes
F1: 788 of the 1,666 restricted shares of ASPS common stock received upon the vesting of 1,666 shares pursuant to the terms of Mr. Ritt's July 27, 2017 Restricted Stock Award Agreement were foregone to pay for tax withholdings. Pursuant to the terms of the Restricted Stock Award Agreement, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on July 29, 2019.
F2: Includes (i) 503 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) on the third anniversary of the 4/7/17 grant date (i.e., 4/7/20); (ii) 1,667 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) on the third anniversary of the 7/27/17 grant date (i.e., 7/27/20); and (iii) 11,250 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) in 3 equal installments on the 2nd, 3rd and 4th anniversaries of the 11/13/17 grant date (i.e., 11/13/19, 11/13/20 and 11/13/21). Mr. Ritts has no voting rights with respect to these shares until they vest.