Gregory J. Ritts - Mar 9, 2022 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
Mar 9, 2022
Transactions value $
-$14,210
Form type
4
Date filed
3/11/2022, 06:47 PM
Previous filing
Mar 3, 2023
Next filing
Mar 24, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Tax liability -$14.2K -1.34K -4.38% $10.62 29.2K Mar 9, 2022 Direct F2
transaction ASPS Common Stock Options Exercise $0 +2.84K +10.25% $0.00 30.5K 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 -2.73K -33.33% $0.00 5.47K Mar 9, 2022 Common Stock 2.73K $0.00 Direct F5, F6
transaction ASPS Restricted Share Units Options Exercise $0 -105 -80.15% $0.00 26 Mar 9, 2022 Common Stock 105 $0.00 Direct F3, F4
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 2,838 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to an award under the 2009 Equity Incentive Plan, as amended and the 2020 Annual Incentive Plan.
F2 Of the 2,838 RSUs vesting into shares reported above, 1,338 shares were foregone to pay for the tax withholding with a net issuance to Mr. Ritts of 1,500 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 the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.
F4 The remaining 26 RSUs are scheduled to vest on the second anniversary of the March 9, 2021 grant date (i.e., March 9, 2023).
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 5,467 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).