William B. Shepro - Oct 1, 2021 Form 4 Insider Report for Altisource Portfolio Solutions S.A. (ASPS)

Role
Chairman and CEO, Director
Signature
/s/ Teresa L. Szupello, Attorney-in-Fact
Stock symbol
ASPS
Transactions as of
Oct 1, 2021
Transactions value $
-$15,537
Form type
4
Date filed
10/5/2021, 04:06 PM
Next filing
Feb 15, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Award $0 +3.33K $0.00 3.33K Oct 1, 2021 Direct F1
transaction ASPS Common Stock Gift $0 +1.76K +0.35% $0.00 512K Oct 1, 2021 By William B. Shepro Revocable Trust F3
transaction ASPS Common Stock Tax liability -$15.5K -1.57K -47.13% $9.89 1.76K Oct 1, 2021 Direct F2
transaction ASPS Common Stock Gift $0 -1.76K -100% $0.00* 0 Oct 1, 2021 Direct F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 3,333 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 Of the 3,333 RSUs vesting into shares reported above, 1,571 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 1,762 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.
F3 Represents a transfer by gift by Mr. Shepro of 1,762 shares of ASPS common stock, acquired upon the vesting of time-based restricted share units ("RSUs"), from his direct ownership to the William B. Shepro Revocable Trust. This transaction is reportable on Form 5, however, Mr. Shepro is voluntarily reporting early on Form 4.