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ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2023
Oct 3, 2023
34042_dirs_2023-10-03_2bd865fe-d79b-4204-8c10-a8b15bb11702.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: 2023-10-01
Reporting Person: Shepro William B (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-10-01 | Common Stock | G | 1762.0000 | $0.0000 | Acquired | 688562.0000 | Indirect |
| 2023-10-01 | Common Stock | G | 1762.0000 | $0.0000 | Disposed | 0.0000 | Direct |
| 2023-10-01 | Common Stock | F | 1571.0000 | $4.0000 | Disposed | 1762.0000 | Direct |
| 2023-10-01 | Common Stock | M | 3333.0000 | $0.0000 | Acquired | 3333.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-10-01 | Restricted Share Units | $0.0000 | M | 3333.0000 | Disposed | Common Stock (3333.0000) | Direct |
Footnotes
F1: 3,333 shares of ASPS common stock were received upon the vesting of previously granted time-based restricted share units ("RSUs") pursuant to an award under the Company's 2009 Equity Incentive Plan, as amended and restated.
F2: Of the 3,333 RSUs vesting into shares reported above, 1,571 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 1,762 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 October 2, 2023 (the next active trading day following the vesting).
F3: Represents a transfer by gift by Mr. Shepro of 1,762 shares of ASPS common stock, acquired upon the vesting of time-based RSUs, from his direct ownership to the William B. Shepro Revocable Trust. This transaction is reportable on Form 5, but Mr. Shepro is voluntarily reporting early on Form 4.
F4: Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.