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ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2021
Mar 1, 2021
34042_dirs_2021-03-01_6cacd889-ef45-477d-b6cc-d1fa04d85be6.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: 2020-02-26
Reporting Person: Shepro William B (N/A)
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2020-02-26 | Restricted Share Units | $ | A | 17527.0000 | Acquired | Common Stock (17527.0000) | Direct |
Footnotes
F1: Each restricted share unit ("RSU") represents a contingent right to receive one share of Altisource Portfolio Solutions S.A. ("ASPS") common stock.
F2: Due to an administrative error, this Form 4 was not filed by the requisite deadline, and is being filed now to correct the delinquency.
F3: Award granted to Mr. Shepro as part of his annual incentive compensation for the 2019 service year based on his personal scorecard performance. The Altisource annual incentive award program requires executives to have 40% of their annual incentive compensation paid in RSUs. Mr. Shepro received a grant of 17,527 RSUs based on the 30-day average closing share price of ASPS common stock of $19.21 preceding the February 26, 2020 grant date. The award is scheduled to vest in two equal installments on the first and second anniversaries of the grant date (i.e., February 26, 2021 and February 26, 2022).