Gregory J. Ritts - Mar 1, 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 1, 2022
Transactions value $
$0
Form type
4
Date filed
3/3/2023, 06:02 PM
Previous filing
Mar 1, 2022
Next filing
Mar 11, 2022

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 Award $0 +10K $0.00 10K Mar 1, 2022 Common Stock 10K $0.00 Direct F1, F6, F7
transaction ASPS Restricted Share Units Award $0 +10K $0.00 10K Mar 1, 2022 Common Stock 10K $0.00 Direct F1, F4, F5
transaction ASPS Restricted Share Units Award $0 +10.8K $0.00 10.8K Mar 1, 2022 Common Stock 10.8K $0.00 Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 Due to an administrative error, this transaction was not reported by the requisite deadline, and is being filed now to correct the delinquency.
F2 On March 1, 2022, Mr. Ritts was granted 10,790 restricted share units ("RSUs") under the 2009 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of ASPS common stock.
F3 6,474 RSUs are scheduled to vest on the first anniversary of the grant date (i.e., March 1, 2023) and the remaining 4,316 RSUs are scheduled to vest on the second anniversary of the grant date (i.e., March 1, 2024).
F4 On March 1, 2022, Mr. Ritts was granted 10,000 time-based RSUs under the 2009 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of ASPS common stock.
F5 The time-based RSUs are scheduled to vest in three equal increments on the first, second and third anniversaries of the grant date (i.e., March 1, 2023; March 1, 2024 and March 1, 2025).
F6 On March 1, 2022, Mr. Ritts was granted 10,000 performance-based RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.
F7 The performance-based RSUs shall be earned and vest entirely on the third anniversary of the Grant Date (i.e., March 1, 2025) based on (i) the achievement of pre-established performance goals related to the simple average of performance for each year during the 2022-2024 period (the "Performance Period"), as established each year by the Compensation Committee (with the awards terminating if the average achievement for the three-year period is less than 50%); and (ii) Total Shareholder Return compared to the Russell 2000 Index during the Performance Period based on a pre-determined linear scale approved by the Compensation Committee.