Statement of Changes in Beneficial Ownership (4)
January 26 2022 - 4:16PM
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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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
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RITTS GREGORY J. |
2. Issuer Name and Ticker or Trading Symbol
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
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ASPS
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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., 33, BOULEVARD PRINCE HENRI |
3. Date of Earliest Transaction
(MM/DD/YYYY)
1/24/2022 |
(Street)
LUXEMBOURG, N4 L-1724
(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
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Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
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1.Title of Security (Instr. 3)
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2. Trans. Date
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2A. Deemed Execution Date, if any
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3. Trans. Code (Instr. 8)
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4. Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)
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5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)
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6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)
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7. Nature of Indirect Beneficial Ownership (Instr. 4)
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Code
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V
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Amount
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(A) or (D)
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Price
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Common Stock | 1/24/2022 | | F | | 991 (1) | D | $10.85 | 23860 | D | |
Common Stock | 1/24/2022 | | M | | 2106 (2) | A | $0 | 25966 | D | |
Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
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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 |
Restricted Share Units | $0 | 1/24/2022 | | M | | | 2106 (3) | (3) | (3) | Common Stock | 2106 | $0 | 2105 (4) | D | |
Explanation of Responses: |
(1) | Of the 2,106 restricted share units ("RSUs") vesting into shares reported above, 991 shares were foregone to pay for the tax withholding with a net issuance to Mr. Ritts of 1,115 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 January 24, 2022. |
(2) | 2,106 shares of ASPS common stock received upon the vesting of previously granted RSUs pursuant to an award under the 2009 Equity Incentive Plan, as amended. |
(3) | Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock. |
(4) | The remaining 2,105 RSUs are scheduled to vest on the third anniversary of the January 24, 2020 grant date (i.e., January 24, 2023). |
Reporting Owners
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Reporting Owner Name / Address | Relationships |
Director | 10% Owner | Officer | Other |
RITTS GREGORY J. C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A. 33, BOULEVARD PRINCE HENRI LUXEMBOURG, N4 L-1724 |
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| Chief Legal/Compliance Officer |
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Signatures
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/s/ Teresa L. Szupello, Attorney-in-Fact | | 1/26/2022 |
**Signature of Reporting Person | Date |
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