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ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2020
Mar 24, 2020
34042_dirs_2020-03-24_3ff5f9a0-448d-48be-b250-935ab7dad28d.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: 2020-03-21
Reporting Person: WILCOX KEVIN JAMES (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-03-21 | Common Stock | F | 1884.0000 | $8.2600 | Disposed | 250112.0000 | Direct |
| 2020-03-21 | Common Stock | A | 3994.0000 | $0.0000 | Acquired | 251996.0000 | Direct |
Footnotes
F1: 3,994 shares of ASPS common stock received upon the vesting of previously granted performance-based restricted share units ("RSUs") pursuant to an award under the 2019 Long Term Incentive Plan.
F2: Includes 1,005 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) on the third anniversary of the April 7, 2017 grant date (i.e., April 7, 2020). Mr. Wilcox has no voting rights with respect to these shares until they vest.
F3: Of the 3,994 RSUs vesting into shares reported above, 1,884 shares were foregone to pay for the tax withholding with a net issuance to Mr. Wilcox of 2,110 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 23, 2020.