William B. Shepro - Feb 12, 2022 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
Feb 12, 2022
Transactions value $
-$131,537
Form type
4
Date filed
2/15/2022, 03:23 PM
Previous filing
Oct 5, 2021
Next filing
Mar 1, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Options Exercise $0 +25K $0.00 25K Feb 12, 2022 Direct F3
transaction ASPS Common Stock Tax liability -$132K -11.8K -47.19% $11.15 13.2K Feb 12, 2022 Direct F2
transaction ASPS Common Stock Gift $0 -13.2K -100% $0.00* 0 Feb 12, 2022 Direct F1
transaction ASPS Common Stock Gift $0 +13.2K +2.58% $0.00 525K Feb 12, 2022 By William B. Shepro Revocable Trust F1

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction ASPS Restricted Share Units Options Exercise $0 -25K -100% $0.00* 0 Feb 12, 2022 Common Stock 25K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Represents a transfer by gift by Mr. Shepro of 25,000 shares of ASPS common stock, acquired upon the vesting of RSUs from his direct ownership to the William B. Shepro Revocable Trust. This transaction is reportable on Form 5, but Mr. Shepro is voluntarily reporting early on Form 4.
F2 Of the 25,000 RSUs vesting into shares reported above, 11,797 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 13,203 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 February 14, 2022.
F3 25,000 shares of ASPS common stock received upon the vesting of previously granted restricted share units ("RSUs"), pursuant to an award under the 2018 Long Term Incentive Plan.
F4 Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.