William B. Shepro - 01 Oct 2022 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)

Reporting relationship: Chairman and CEO, Director
Issuer ticker: ASPS
Reported as of: 01 Oct 2022
Net transaction value: -$20,939
SEC form: 4
Accepted by SEC: 04 Oct 2022, 18:37:25 UTC
Prior SEC filing: 24 Mar 2022
Next SEC filing: 14 Feb 2023
Source filing: View source filing
Reporting owner signature: /s/ Teresa L. Szupello, Attorney-in-Fact

Key filing fact

William B. Shepro filed Form 4 for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS) on 04 Oct 2022.

Key facts

This page summarizes William B. Shepro's Form 4 filing for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS).
5 reported transactions and 1 derivative row are listed below.
Accepted by SEC: 04 Oct 2022, 18:37.

Change

Previous filing in this sequence was filed on 24 Mar 2022.
Current net transaction value: -$20,939.

Research use

This tells you what this filing adds before you inspect full transaction and derivative tables.
You can trace every row back to the original SEC filing document.

Evidence

Filed on Form 4

Ownership activity is grounded in SEC Form 4 disclosures.

View source filing

Reported non-derivative transactions

Shares, units, or other non-derivative securities reported in this filing.

ASPS transaction

Common Stock

Options Exercise

Transaction value: $0
Shares: +3,334
Change %
Price: $0.000000
Shares after: 3,334
Date: 01 Oct 2022
Ownership: Direct
Footnotes: F1

ASPS transaction

Common Stock

Tax liability

Transaction value: $20,939
Shares: -1,572
Change %: -47%
Price: $13.32
Shares after: 1,762
Date: 01 Oct 2022
Ownership: Direct
Footnotes: F2

ASPS transaction

Common Stock

Gift

Transaction value: $0
Shares: -1,762
Change %: -100%
Price: $0.000000^*
Shares after: 0
Date: 01 Oct 2022
Ownership: Direct
Footnotes: F3

ASPS transaction

Common Stock

Gift

Transaction value: $0
Shares: +1,762
Change %: +0.31%
Price: $0.000000
Shares after: 563,829
Date: 01 Oct 2022
Ownership: William B. Shepro Revocable Trust
Footnotes: F3

Reported derivative securities

Options, warrants, convertible securities, or similar derivative positions disclosed in the filing.

ASPS transaction Derivative

Restricted Share Units

Options Exercise

Transaction value: $0
Shares: -3,334
Change %: -50%
Price: $0.000000
Shares after: 3,333
Date: 01 Oct 2022
Ownership: Direct
Underlying class: Common Stock
Underlying amount: 3,334
Exercise price: $0.000000
Footnotes: F4, F5

^* marks a reported price that did not pass the local price check.

Additional SEC filing notes

Filing notes and footnotes

Explanation of responses 5 footnotes

Footnote F1

3,334 shares of ASPS common stock were received upon the vesting of previously granted time-based restricted share units ("RSUs") pursuant to an award under the 2009 Equity Incentive Plan, as amended and restated.

Footnote F2

Of the 3,334 RSUs vesting into shares reported above, 1,572 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 1,762 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 October 3, 2022 (the next active trading day following the vesting).

Footnote F3

Represents a transfer by gift by Mr. Shepro of 1,762 shares of ASPS common stock, acquired upon the vesting of time-based 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.

Footnote F4

Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.

Footnote F5

The remaining 3,333 RSUs are scheduled to vest on the third anniversary of the October 1, 2020 grant date (i.e., October 1, 2023).