William B. Shepro - Mar 9, 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: Mar 9, 2022
Transactions value $: -$117,234
Form type: 4
Date filed: 3/11/2022, 06:46 PM
Previous filing: Mar 3, 2023
Next filing: Mar 15, 2022

Transactions Table

Type	Sym	Class	Transaction	Value $	Shares	Change %	* Price $	Shares After	Date	Ownership	Footnotes
transaction	ASPS	Common Stock	Gift	$0	+12.4K	+2.31%	$0.00	548K	Mar 9, 2022	William B. Shepro Revocable Trust	F3
transaction	ASPS	Common Stock	Gift	$0	-12.4K	-100%	$0.00^*	0	Mar 9, 2022	Direct	F3
transaction	ASPS	Common Stock	Tax liability	-$117K	-11K	-47.18%	$10.62	12.4K	Mar 9, 2022	Direct	F2
transaction	ASPS	Common Stock	Options Exercise	$0	+23.4K		$0.00	23.4K	Mar 9, 2022	Direct	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	-4.2K	-33.33%	$0.00	8.4K	Mar 9, 2022	Common Stock	4.2K	$0.00	Direct	F5, F7
transaction	ASPS	Restricted Share Units	Options Exercise	$0	-19.2K	-80%	$0.00	4.8K	Mar 9, 2022	Common Stock	19.2K	$0.00	Direct	F4, F6

* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id	Content
F1	23,399 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to awards under the 2009 Equity Incentive Plan, as amended and the 2020 Annual Incentive Plan.
F2	Of the 23,399 RSUs vesting into shares reported above, 11,039 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 12,360 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 March 9, 2022.
F3	Represents a transfer by gift by Mr. Shepro of 12,360 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.
F5	Represents the vesting of performance-based RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.
F6	The remaining 4,800 RSUs are scheduled to vest on the second anniversary of the March 9, 2021 grant date (i.e., March 9, 2023).
F7	The remaining 8,400 performance-based RSUs are scheduled to vest in equal installments on the second and third anniversaries of the grant date (i.e., March 9, 2023 and March 9, 2024).