AI assistant
ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2020
Feb 27, 2020
34042_dirs_2020-02-27_da07ea5a-190f-49a7-81c7-c3bacde148f6.zip
Director's Dealing
Open in viewerOpens in your device viewer
SEC Form 4 — Statement of Changes in Beneficial Ownership
Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2020-02-25
Reporting Person: MASTIONI MARCELLO (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2020-02-25 | Common Stock | F | 565.0000 | $18.9100 | Disposed | 33932.0000 | Direct |
| 2020-02-25 | Common Stock | M | 3910.0000 | $0.0000 | Acquired | 34497.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-02-25 | Restricted Share Units | $0.0000 | M | 2607.0000 | Disposed | Common Stock (5213.0000) | Direct | |
| 2020-02-25 | Restricted Share Units | $0.0000 | M | 1303.0000 | Disposed | Common Stock (2606.0000) | Direct |
Footnotes
F1: 3,910 shares of ASPS common stock 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 2018 Annual Incentive Plan.
F2: Includes 10,000 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued on the third anniversary of the grant date (i.e., August 1, 2020). Mr. Mastioni has no voting rights with respect to these shares until they vest.
F3: Of the 3,910 RSUs vesting into shares reported above, 565 shares were foregone to pay for the tax withholding with a net issuance to Mr. Mastioni of 3,345 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 February 25, 2020.
F4: Represents the vesting of RSUs. The remaining 1,303 RSUs are scheduled to vest on the second anniversary of the February 25, 2019 grant date (i.e., February 25, 2021). Each RSU represents a contingent right to receive one share of ASPS common stock.
F5: Represents the vesting of RSUs. The remaining 2,606 RSUs are scheduled to vest on the second anniversary of the February 25, 2019 grant date (i.e., February 25, 2021). Each RSU represents a contingent right to receive one share of ASPS common stock.