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ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2022
Mar 1, 2022
34042_dirs_2022-03-01_f630cf6c-746d-458b-a693-a497a3f71b73.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: 2022-02-26
Reporting Person: Esterman Michelle D. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2022-02-26 | Common Stock | F | 1327.0000 | $12.7800 | Disposed | 41556.0000 | Direct |
| 2022-02-26 | Common Stock | M | 3749.0000 | $0.0000 | Acquired | 42883.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2022-02-26 | Restricted Share Units | $0.0000 | M | 1749.0000 | Disposed | Common Stock (1749.0000) | Direct | |
| 2022-02-26 | Restricted Share Units | $0.0000 | M | 2000.0000 | Disposed | Common Stock (2000.0000) | Direct |
Footnotes
F1: 3,749 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to awards under the 2009 Equity Incentive Plan, as amended and the 2019 Annual Incentive Plan.
F2: Of the 3,749 RSUs vesting into shares reported above, 1,327 shares were foregone to pay for the tax withholding with a net issuance to Ms. Esterman of 2,422 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 28, 2022.
F3: Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.
F4: The remaining 2,000 RSUs are scheduled to vest on the third anniversary of the February 26, 2020 grant date (i.e., February 26, 2023).