Statement of Changes in Beneficial Ownership (4)
February 26 2021 - 03:12PM
Edgar (US Regulatory)
FORM 4
[ ]
Check this box if no longer subject to Section 16. Form 4 or Form 5
obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL
OWNERSHIP OF SECURITIES
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OMB Number: 3235-0287
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Filed pursuant to Section 16(a) of the
Securities Exchange Act of 1934 or Section 30(h) of the Investment
Company Act of 1940
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1. Name
and Address of Reporting Person * Moltke-Hansen Christopher
D. |
2. Issuer Name and Ticker or Trading
Symbol Altisource Asset Management Corp [ AAMC ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)_____
Director _____
10% Owner
__X__ Officer (give title
below) _____ Other
(specify below)
Chief Financial Officer |
(Last)
(First)
(Middle)
5100 TAMARIND REEF |
3. Date of Earliest Transaction (MM/DD/YYYY)
2/24/2021
|
(Street)
CHRISTIANSTED, VI 00820
(City)
(State)
(Zip)
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4. If Amendment, Date Original Filed
(MM/DD/YYYY)
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6. Individual or Joint/Group Filing
(Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person |
Table I - Non-Derivative Securities Acquired, Disposed of, or
Beneficially Owned
|
1.Title of Security
(Instr. 3) |
2. Trans. Date |
2A. Deemed Execution Date, if any |
3. Trans. Code
(Instr. 8) |
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) |
5. Amount of Securities Beneficially Owned Following
Reported Transaction(s)
(Instr. 3 and 4) |
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4) |
7. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
Amount |
(A) or (D) |
Price |
Common Stock |
2/24/2021 |
|
A(1) |
|
8523.0000 |
A |
$23.7200 (2) |
8523.0000 |
D |
|
Common Stock |
2/24/2021 |
|
A(3) |
|
5000.0000 |
A |
$0 (4) |
13523.0000 (5) |
D |
|
Common Stock |
2/24/2021 |
|
F(6) |
|
3749.0000 (6) |
D |
$23.7200 (6) |
9774.0000 (5) |
D |
|
Table II - Derivative Securities Beneficially Owned
(e.g., puts, calls, warrants, options, convertible
securities)
|
1. Title of Derivate Security
(Instr. 3) |
2. Conversion or Exercise Price of Derivative
Security |
3. Trans. Date |
3A. Deemed Execution Date, if any |
4. Trans. Code
(Instr. 8) |
5. Number of Derivative Securities Acquired (A) or
Disposed of (D)
(Instr. 3, 4 and 5) |
6. Date Exercisable and Expiration Date |
7. Title and Amount of Securities Underlying
Derivative Security
(Instr. 3 and 4) |
8. Price of Derivative Security
(Instr. 5) |
9. Number of derivative Securities Beneficially
Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct
(D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr.
4) |
Code |
V |
(A) |
(D) |
Date Exercisable |
Expiration Date |
Title |
Amount or Number of Shares |
Explanation of
Responses: |
(1) |
Effective February 24, 2021
(the "Grant Date"), the compensation committee of the board of
directors of the Company granted the reporting person an aggregate
of 8,523 shares (the "Shares") of common stock. The Shares vest
immediately on the Grant Date. |
(2) |
The price per share was
calculated based on the average of the high and low price of the
Company's common stock on the vesting date, which was February 24,
2021. |
(3) |
Effective February 24, 2021,
the compensation committee of the board of directors of the Company
granted the reporting person an aggregate of 5,000 restricted
shares (the "Shares") of common stock pursuant to a Restricted
Stock Award Agreement. The Shares vest in equal annual installments
on each of the first three anniversaries of the reporting person's
hiring date, which was October 15, 2020, subject to acceleration or
forfeiture in certain circumstances. |
(4) |
N/A. |
(5) |
Includes 5,000 remaining
unvested restricted shares of common stock, which, upon vesting,
settle for shares of common stock, subject to acceleration or
forfeiture. |
(6) |
Such 3,749 shares were
forfeited by the reporting person to cover the tax withholdings on
the vesting of his Common Stock pursuant to the terms of the
Company's 2020 Equity Incentive Plan. The price per share used to
determine the tax withholdings was the average of the high and low
sale prices of the Company's common stock on the vesting date,
which was February 24, 2020. |
Reporting
Owners
|
Reporting Owner Name / Address |
Relationships
|
Director |
10% Owner |
Officer |
Other |
Moltke-Hansen Christopher D.
5100 TAMARIND REEF
CHRISTIANSTED, VI 00820 |
|
|
Chief Financial Officer |
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Signatures
|
P. Graham Singer,
Attorney-In-Fact |
|
2/26/2021 |
**Signature of Reporting
Person |
Date |