William B. Shepro - Feb 27, 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 27, 2022
Transactions value $
-$66,085
Form type
4
Date filed
3/1/2022, 05:37 PM
Previous filing
Mar 1, 2022
Next filing
Mar 3, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Options Exercise $0 +11K $0.00 11K Feb 27, 2022 Direct F1
transaction ASPS Common Stock Tax liability -$66.1K -5.17K -47.18% $12.78 5.79K Feb 27, 2022 Direct F2
transaction ASPS Common Stock Gift $0 -5.79K -100% $0.00* 0 Feb 27, 2022 Direct F3
transaction ASPS Common Stock Gift $0 +5.79K +1.09% $0.00 536K Feb 27, 2022 William B. Shepro Revocable Trust F3

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 -11K -100% $0.00* 0 Feb 27, 2022 Common Stock 11K $0.00 Direct F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 10,960 shares of ASPS common stock were received upon the vesting of previously granted performance-based RSUs pursuant to an award under the 2020 Long Term Equity Incentive Program.
F2 Of the 10,960 RSUs vesting into shares reported above, 5,171 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 5,789 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 28, 2022.
F3 Represents a transfer by gift by Mr. Shepro of 5,789 shares of ASPS common stock, acquired upon the vesting of performance-based restricted share units ("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.
F4 Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.