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ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2023
Mar 3, 2023
34042_dirs_2023-03-03_68116d6b-79fe-4aa9-a59a-835e21e663f3.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: 2023-03-01
Reporting Person: Esterman Michelle D. (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2023-03-01 | Common Stock | F | 3161.0000 | $5.8500 | Disposed | 74236.0000 | Direct |
| 2023-03-01 | Common Stock | M | 3333.0000 | $0.0000 | Acquired | 77397.0000 | Direct |
| 2023-03-01 | Common Stock | M | 7332.0000 | $0.0000 | Acquired | 74064.0000 | Direct |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2023-03-01 | Restricted Share Units | $0.0000 | M | 7332.0000 | Disposed | Common Stock (7332.0000) | Direct | |
| 2023-03-01 | Restricted Share Units | $0.0000 | M | 3333.0000 | Disposed | Common Stock (3333.0000) | Direct |
Footnotes
F1: 7,332 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: 3,333 shares of ASPS common stock were received upon the vesting of previously granted time-based RSUs pursuant to an award under the Company's 2009 Equity Incentive Plan, as amended and restated.
F3: Of the 10,665 RSUs vesting into shares reported above, 3,161 shares were foregone to pay for the tax withholding with a net issuance to Ms. Esterman of 7,504 shares. Pursuant to the terms of the award agreements, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on March 1, 2023.
F4: Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.
F5: The remaining 6,667 RSUs are scheduled to vest in two increments on the second and third anniversaries of the grant date (i.e., March 1, 2024 and March 1, 2025).
F6: The remaining 4,887 RSUs are scheduled to vest on the second anniversary of the grant date (i.e., March 1, 2024).