Gregory J. Ritts - Oct 1, 2021 Form 4 Insider Report for Altisource Portfolio Solutions S.A. (ASPS)

Role
Chief Legal/Compliance Officer
Signature
/s/ Teresa L. Szupello, Attorney-in-Fact
Stock symbol
ASPS
Transactions as of
Oct 1, 2021
Transactions value $
-$7,289
Form type
4
Date filed
10/5/2021, 04:04 PM
Next filing
Nov 16, 2021

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Tax liability -$7.29K -737 -2.69% $9.89 26.6K Oct 1, 2021 Direct F3
transaction ASPS Common Stock Award $0 +1.58K +6.14% $0.00 27.4K Oct 1, 2021 Direct F1, F2
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 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.
F2 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.
F3 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.