SEC Form 4 · accession 0000891836-16-000247
ALTISOURCE PORTFOLIO SOLUTIONS S.A. · ASPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William C Erbey
10% Owner
Period of report
Aug 1, 2016
Accepted (ET)
Aug 2, 2016 · 3:43 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001462418
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Aug 2, 2016 | M | 800,000 | $9.14 | A | 800,709 | D | |
| Common StockF2 | Aug 2, 2016 | M | 34,274 | $13.58 | A | 834,983 | D | |
| Common StockF3 | Aug 2, 2016 | G | 500,000 | $0.00 | D | 334,983 | D | |
| Common StockF3 | Aug 2, 2016 | G | 500,000 | $0.00 | A | 500,000 | I | By Spouse |
| Common Stock | Aug 1, 2016 | S | 57,142 | $23.81 | D | 5,452,489 | I | By Salt Pond Holdings, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1 | $9.14 | Aug 2, 2016 | M | 800,000 | D | — | Jul 14, 2018 | Common Stock | 800,000 | 0 | D |
| Stock OptionsF2 | $13.58 | Aug 2, 2016 | M | 34,274 | D | — | May 10, 2017 | Common Stock | 34,274 | 0 | D |
Explanation of responses
- F1These stock options were granted to Mr. Erbey on May 10, 2007 and vested 6% on each of August 10, 2009, July 14, 2010, July 14, 2011, July 14, 2012, June 15, 2010, June 15, 2011, June 15, 2012 and June 15, 2013, and 13% on each of December 23, 2009, December 23, 2010, December 23, 2011 and December 23, 2012.
- F2These stock options were granted to Mr. Erbey on July 14, 2008 and vested 60% on August 10, 2009, and 20% on each of December 31, 2009 and December 31, 2010.
- F3Represents shares gifted by Mr. Erbey to his spouse, whose shares are beneficially owned by Mr. Erbey and as a result Mr. Erbey's pecuniary interest in such shares did not change.