William B. Shepro - Oct 1, 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
Oct 1, 2022
Transactions value $
-$20,939
Form type
4
Date filed
10/4/2022, 06:37 PM
Previous filing
Mar 24, 2022
Next filing
Feb 14, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Options Exercise $0 +3.33K $0.00 3.33K Oct 1, 2022 Direct F1
transaction ASPS Common Stock Tax liability -$20.9K -1.57K -47.15% $13.32 1.76K Oct 1, 2022 Direct F2
transaction ASPS Common Stock Gift $0 -1.76K -100% $0.00* 0 Oct 1, 2022 Direct F3
transaction ASPS Common Stock Gift $0 +1.76K +0.31% $0.00 564K Oct 1, 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 -3.33K -50.01% $0.00 3.33K Oct 1, 2022 Common Stock 3.33K $0.00 Direct F4, F5
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
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.
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).
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.
F4 Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.
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).