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ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2021
Mar 2, 2021
34042_dirs_2021-03-02_dd265595-7bc0-4c6e-a8c7-76e3d072e081.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: 2021-02-26
Reporting Person: RITTS GREGORY J. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2021-02-26 | Common Stock | M | 2187.0000 | $0.0000 | Acquired | 25933.0000 | Direct |
| 2021-02-26 | Common Stock | F | 1021.0000 | $10.3200 | Disposed | 24912.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2021-02-26 | Restricted Share Units | $0.0000 | M | 2187.0000 | Disposed | Common Stock (2187.0000) | Direct |
Footnotes
F1: Of the 2,187 restricted share units ("RSUs") vesting into shares reported above, 1,021 shares were foregone to pay for the tax withholding with a net issuance to Mr. Ritts of 1,166 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 26, 2021.
F2: Includes 3,750 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) on the fourth anniversary of the November 13, 2017 grant date (i.e., November 13, 2021). Mr. Ritts has no voting rights with respect to these shares until they vest.
F3: 2,187 shares of ASPS common stock were received upon the vesting of previously granted RSUs pursuant to an award under the 2009 Equity Incentive Plan, as amended and the 2019 Annual Incentive Plan.
F4: Represents the vesting of RSUs. The remaining 2,186 RSUs are scheduled to vest on the second anniversary of the February 26, 2020 grant date (i.e., February 26, 2022). Each RSU represents a contingent right to receive one share of ASPS common stock.