Statement of Changes in Beneficial Ownership (4)
October 05 2021 - 4:04PM
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
|
OMB APPROVAL
OMB Number:
3235-0287
Estimated average burden hours per response...
0.5
|
|
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
|
|
1. Name and Address of Reporting Person
*
RITTS GREGORY J. |
2. Issuer Name and Ticker or Trading Symbol
Altisource Portfolio Solutions S.A.
[
ASPS
]
|
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner __X__ Officer (give title below) _____ Other (specify below) Chief Legal/Compliance Officer |
(Last)
(First)
(Middle)
C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A., 42, AVENUE MONTEREY |
3. Date of Earliest Transaction
(MM/DD/YYYY)
10/1/2021 |
(Street)
LUXEMBOURG, N4 L-2163
(City)
(State)
(Zip)
|
4. If Amendment, Date Original Filed
(MM/DD/YYYY)
|
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 | 10/1/2021 | | F | | 737.0000 (3) | D | $9.8900 | 26613.0000 | D | |
Common Stock | 10/1/2021 | | A | | 1583.0000 (1) | A | $0.0000 | 27350.0000 (2) | 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) | 1,583 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 Altisource 2009 Equity Incentive Plan, as amended and restated. |
(2) | Includes 3,750 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) on the fourth anniversary of the November 13, 2017 grant date (i.e., November 13, 2021). Mr. Ritts has no voting rights with respect to these shares until they vest. |
(3) | Of the 1,583 RSUs vesting into shares reported above, 737 shares were foregone to pay for the tax withholding with a net issuance to Mr. Ritts of 846 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 1, 2021. |
Reporting Owners
|
Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
RITTS GREGORY J. C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A. 42, AVENUE MONTEREY LUXEMBOURG, N4 L-2163 |
|
| Chief Legal/Compliance Officer |
|
Signatures
|
/s/ Teresa L. Szupello, Attorney-in-Fact | | 10/5/2021 |
**Signature of Reporting Person | Date |
Altisource Portfolio Sol... (NASDAQ:ASPS)
Historical Stock Chart
From Mar 2024 to Apr 2024
Altisource Portfolio Sol... (NASDAQ:ASPS)
Historical Stock Chart
From Apr 2023 to Apr 2024