William B. Shepro - 12 Feb 2022 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Role
Chairman and CEO, Director
Signature
/s/ Teresa L. Szupello, Attorney-in-Fact
Issuer symbol
ASPS
Transactions as of
12 Feb 2022
Transactions value $
-$131,537
Form type
4
Filing time
15 Feb 2022, 15:23:07 UTC
Previous filing
05 Oct 2021
Next filing
01 Mar 2022
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Options Exercise $0 +25,000 $0 25,000 12 Feb 2022 Direct F3
transaction ASPS Common Stock Tax liability -$131,536 -11,797 -47.19% $11.15 13,203 12 Feb 2022 Direct F2
transaction ASPS Common Stock Gift $0 -13,203 -100% $0* 0 12 Feb 2022 Direct F1
transaction ASPS Common Stock Gift $0 +13,203 +2.58% $0 525,143 12 Feb 2022 By William B. Shepro Revocable Trust F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ASPS Restricted Share Units Options Exercise $0 -25,000 -100% $0* 0 12 Feb 2022 Common Stock 25,000 $0 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a transfer by gift by Mr. Shepro of 25,000 shares of ASPS common stock, acquired upon the vesting of 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.
F2 Of the 25,000 RSUs vesting into shares reported above, 11,797 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 13,203 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 14, 2022.
F3 25,000 shares of ASPS common stock received upon the vesting of previously granted restricted share units ("RSUs"), pursuant to an award under the 2018 Long Term Incentive Plan.
F4 Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.