William B. Shepro - Mar 20, 2023 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
Mar 20, 2023
Transactions value $
-$59,330
Form type
4
Date filed
3/22/2023, 09:53 PM
Previous filing
Mar 13, 2023
Next filing
Sep 8, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction ASPS Common Stock Gift $0 +14.5K +2.3% $0.00 645K Mar 20, 2023 William B. Shepro Revocable Trust F3
transaction ASPS Common Stock Gift $0 -14.5K -100% $0.00* 0 Mar 20, 2023 Direct F3
transaction ASPS Common Stock Tax liability -$59.3K -12.9K -47.17% $4.59 14.5K Mar 20, 2023 Direct F2
transaction ASPS Common Stock Options Exercise $0 +27.4K $0.00 27.4K Mar 20, 2023 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 -4.2K -50% $0.00 4.2K Mar 20, 2023 Common Stock 4.2K $0.00 Direct F5, F7
transaction ASPS Restricted Share Units Options Exercise $0 -12.2K -100% $0.00* 0 Mar 20, 2023 Common Stock 12.2K $0.00 Direct F5, F6
transaction ASPS Restricted Share Units Options Exercise $0 -11K -100% $0.00* 0 Mar 20, 2023 Common Stock 11K $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 27,402 shares of ASPS common stock were received upon the vesting of restricted share units ("RSUs") pursuant to awards under the Altisource 2020 Long Term Incentive Plan ("LTIP") and the Altisource 2021 LTIP.
F2 Of the 27,402 RSUs vesting into shares reported above, 12,926 shares were surrendered to pay for the tax withholding with a net issuance to Mr. Shepro of 14,476 shares. The price per share used to determine the tax withholdings was the opening price of Altisource Portfolio Solutions S.A. ("ASPS") common stock on March 20, 2023.
F3 Represents a transfer by gift by Mr. Shepro of 14,476 shares of ASPS common stock, acquired upon the vesting of performance-based restricted share units ("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 final vesting of performance-based RSUs granted on February 27, 2020, pursuant to the Altisource 2020 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock.
F5 The vesting dates of the Altisource 2020 LTIP and the Altisource 2021 LTIP awards previously scheduled to vest on February 27, 2020 and March 9, 2023 were deferred until March 20, 2023 upon the approval of the Altisource Compensation Committee.
F6 Represents the full and final vesting of Type II performance-based RSUs granted on February 27, 2020, pursuant to the Altisource 2020 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock.
F7 The remaining 4,200 RSUs are scheduled to vest on the third anniversary of the March 9, 2021 grant date (i.e., March 9, 2024).