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ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2024
Mar 5, 2024
34042_dirs_2024-03-05_4eda4016-15f3-4d01-8c63-d90ebb2c6aeb.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: 2024-03-01
Reporting Person: Shepro William B (N/A)
Non-Derivative Transactions
| Date | Security | Code | Shares | Price | A/D | Holdings After | Ownership |
|---|---|---|---|---|---|---|---|
| 2024-03-01 | Common Stock | M | 21553.0000 | $0.0000 | Acquired | 21553.0000 | Direct |
| 2024-03-01 | Common Stock | M | 13658.0000 | $0.0000 | Acquired | 35211.0000 | Direct |
| 2024-03-01 | Common Stock | F | 16613.0000 | $2.7800 | Disposed | 18598.0000 | Direct |
| 2024-03-01 | Common Stock | G | 18598.0000 | $0.0000 | Disposed | 0.0000 | Direct |
| 2024-03-01 | Common Stock | G | 18598.0000 | $0.0000 | Acquired | 714215.0000 | Indirect |
Derivative Transactions
| Date | Security | Exercise Price | Code | Shares | A/D | Expiration | Underlying | Ownership |
|---|---|---|---|---|---|---|---|---|
| 2024-03-01 | Restricted Share Units | $0.0000 | M | 21553.0000 | Disposed | Common Stock (21553.0000) | Direct | |
| 2024-03-01 | Restricted Share Units | $0.0000 | M | 13658.0000 | Disposed | Common Stock (13658.0000) | Direct |
Footnotes
F1: 21,553 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 and 2021 Annual Incentive Plan.
F2: 13,658 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 and 2022 Long-Term Equity Incentive Plan.
F3: Of the 35,211 RSUs vesting into shares reported above, 16,613 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 18,598 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, 2024.
F4: Represents a transfer by gift by Mr. Shepro of 18,598 shares of ASPS common stock, acquired upon the vesting of time-based RSUs, from his direct ownership to the William B. Shepro Revocable Trust.
F5: Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.
F6: The remaining 13,659 RSUs are scheduled to vest on the third anniversary of the grant date (i.e., March 1, 2025).