SEC Form 4 · accession 0001140361-16-084619
ALTISOURCE PORTFOLIO SOLUTIONS S.A. · ASPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Leon G Cooperman
10% Owner
Period of report
Oct 31, 2016
Accepted (ET)
Nov 2, 2016 · 8:34 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 | Oct 31, 2016 | S | 34,900 | $25.9664 | D | 487,701 | I | Omega Capital Partners L.P. |
| Common StockF4 | Oct 31, 2016 | S | 162,900 | $25.9664 | D | 360,442 | I | Omega Overseas Partners, Ltd. |
| Common StockF3 | Oct 31, 2016 | S | 45,800 | $25.9664 | D | 149,835 | I | Omega Capital Investors L.P. |
| Common StockF2 | Oct 31, 2016 | S | 18,500 | $25.9664 | D | 271,987 | I | Omega Equity Investors L.P. |
| Common StockF5 | holding | — | — | — | 460,000 | I | Omega Charitable Partners |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1The securities are held in the account of Omega Capital Partners, LP, a private investment entity over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F2The securities are held in the account of Omega Equity Investors, LP, a private investment entity over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F3The securities are held in the account of Omega Capital Investors, LP, a private investment entity over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F4The securities are held in the account of Omega Overseas Partners Ltd, a private investment entity over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities herein shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F5The securities are held in the account of Omega Charitable Partnership L.P, an exempted limited partnership registered in the Cayman Islands over which the reporting person has investment discretion. The reporting person disclaims beneficial ownership except to the extent of his pecuniary interest therein, and the inclusion of these securities in this report shall not be deemed an admission of beneficial ownership for purposes of Section 16 or for any other purpose.
- F6The reporting person's sale of ASPS common stock reported herein was matchable under Section 16(b) of the Securities Exchange Act of 1934, to the extent of 275,000 shares, with the reporting person's purchase of 275,000 shares of ASPS common stock at a price of $25.9664 per share on October 31, 2016. The reporting person has agreed to pay ASPS, upon settlement of the sale, $425,208.68, representing the full amount of the profit realized in connection with the short-swing transaction, less transaction costs.