Key facts
- This page summarizes Scott Edward Burg's Form 4 filing for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS).
- 3 reported transactions and 0 derivative rows are listed below.
- Accepted by SEC: 19 May 2022, 18:51.
Scott Edward Burg - 17 May 2022 Form 4 Insider Report for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
- Reporting relationship
- Other*, 10%+ Owner
- Issuer ticker
- ASPS
- Reported as of
- 17 May 2022
- Net transaction value
- $0
- SEC form
- 4
- Accepted by SEC
- 19 May 2022, 18:51:26 UTC
- Prior SEC filing
- 14 Feb 2022
- Source filing
- View source filing
- Reporting owner signature
- Deer Park Road Management Company, LP, By: /s/ Bradley W. Craig, Chief Operating Officer
Source evidence
Original filing metadata and source links for verification.
4 source fields
Reporting owner
1 detail
Key filing fact
Scott Edward Burg filed Form 4 for ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS) on 19 May 2022.
Change
- Previous filing in this sequence was filed on 14 Feb 2022.
- Current net transaction value: $0.
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
View source filing
Ownership activity is grounded in SEC Form 4 disclosures.
Reported non-derivative transactions
Shares, units, or other non-derivative securities reported in this filing.
ASPS
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +500
- Change %
- +0.01%
- Price
- $0.000000
- Shares after
- 3,778,719
- Date
- 17 May 2022
- Ownership
- See footnotes
- Footnotes
- F1, F3, F5, F6
ASPS
transaction
Common Stock
Award
- Transaction value
- $0
- Shares
- +17,180
- Change %
- +0.45%
- Price
- $0.000000
- Shares after
- 3,795,899
- Date
- 17 May 2022
- Ownership
- See footnotes
- Footnotes
- F2, F3, F5, F6
ASPS
transaction
Common Stock
Disposed to Issuer
- Transaction value
- $0
- Shares
- -125
- Change %
- -100%
- Price
- $0.000000*
- Shares after
- 0
- Date
- 17 May 2022
- Ownership
- Direct
- Footnotes
- F4
* marks a reported price that did not pass the local price check.
Additional SEC filing notes
Filing notes and footnotes
Explanation of responses 6 footnotes
Footnote F1
These shares of the Issuer's common stock ("Shares") represent a one-time award granted to Mary Hickok, Managing Director at Deer Park Road Management Company, LP ("Deer Park"), in connection with her appointment to the Issuer's board of directors (the "Board"). These Shares are scheduled to vest in four (4) equal installments, with the initial portion vesting on the date of the 2022 annual meeting and vesting continuing on the dates of the next three (3) annual meetings.
Footnote F2
These Shares represent the aggregate non-management Director stock award granted to Scott Edward Burg and Ms. Hickok for their respective service on the Board for the 2021 to 2022 service year. Since Mr. Burg attended all of the meetings for the 2021 to 2022 service year until his resignation on March 1, 2022, he received 13,462 Shares, and because Ms. Hickok has attended all of the meetings since her election to the Board on March 1, 2022, she received 3,718 Shares.
Footnote F3
All income derived in connection with Mr. Burg's and Ms. Hickok's service as a director on the Board belongs, in economic terms, to STS Master Fund, Ltd. Ms. Hickok has no right to any compensation received in connection with her service on the Board and does not have any pecuniary interest in the Shares reported herein.
Footnote F4
These Shares did not vest and were forfeited due to Mr. Burg not serving as a director through the 2022 annual meeting.
Footnote F5
These Shares are held for the account of STS Master Fund, Ltd. Deer Park serves as investment adviser to STS Master Fund, Ltd.
Footnote F6
Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Each of Deer Park Road Corporation ("DPRC") and AgateCreek LLC ("AgateCreek") is a member of DPRM. Michael Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the majority owner of DPRC. Scott Edward Burg is the Chief Investment Officer of Deer Park and the sole member of AgateCreek. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.
SEC remarks
Ms. Hickok, Managing Director at Deer Park, serves on the Board as a representative of Deer Park. By virtue of their representation on the Board, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons are deemed to be directors by deputization of Ms. Hickok.