William B. Shepro - Mar 21, 2022 Form 4/A - Amendment 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 21, 2022
Transactions value $
-$89,429
Form type
4/A - Amendment
Date filed
3/24/2022, 05:21 PM
Date Of Original Report
Mar 23, 2022
Previous filing
Mar 15, 2022
Next filing
Oct 4, 2022

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Gift $0 +9.15K +1.65% $0.00 562K Mar 21, 2022 William B. Shepro Revocable Trust F2, F3
transaction ASPS Common Stock Gift $0 -9.15K -100% $0.00* 0 Mar 21, 2022 Direct F2
transaction ASPS Common Stock Tax liability -$89.4K -8.17K -47.17% $10.95 9.15K Mar 21, 2022 Direct F1
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 The original Form 4, filed on March 23, 2022, is being amended by this Form 4 amendment solely to correct an administrative error, which misreported the number of shares withheld for the payment of taxes related to a vesting of 17,314 performance-based restricted share units, as a total of 8,169 shares, when in fact, 8,167 shares were withheld for the payment of taxes, with a net issuance to Mr. Shepro of 9,147 shares.
F2 As a result of the aforementioned administrative error, the number of shares that Mr. Shepro transferred by gift from his direct ownership to the William B. Shepro Revocable Trust, was misreported as 9,145 shares, when in fact, Mr. Shepro transferred 9,147 shares 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.
F3 As a result of the aforementioned administrative error, the number of shares beneficially owned by the William B. Shepro Revocable Trust, following the corrected transaction, reflects an increase of two shares, in the number of shares reported as beneficially owned by the William B. Shepro Revocable Trust.