SEC Form 4 · accession 0001225208-15-020133
ALTISOURCE PORTFOLIO SOLUTIONS S.A. · ASPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William B Shepro
Officer — Chief Executive Officer · Director
Period of report
Oct 29, 2015
Accepted (ET)
Nov 2, 2015 · 12:40 pm EST
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 29, 2015 | M | 13,230 | $11.02 | A | 69,830 | D | |
| Common StockF2,F3 | Nov 2, 2015 | G | 13,230 | $0.00 | D | 56,600 | D | |
| Common StockF2 | Nov 2, 2015 | A | 13,230 | $0.00 | A | 82,639 | I | By William B. Shepro Revocable Trust |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF1 | $11.02 | Oct 29, 2015 | M | 13,230 | D | Aug 10, 2009 | Jan 31, 2016 | Common Stock | 13,230 | 0 | D |
Explanation of responses
- F1These options were granted pursuant to an employee stock option award that expires in January 2016.
- F213,230 shares of Common Stock were acquired upon exercise of options and such shares were transferred by the reporting person to the William B. Shepro Revocable Trust. The transfer to the William B. Shepro Revocable Trust is reportable on Form 5, but the reporting person is voluntarily reporting early on Form 4.
- F3Represents 56,600 restricted shares of ASPS common stock, which are scheduled to vest in three equal installments on the second, third and fourth anniversaries of the April 15, 2015 grant date (i.e., April 15, 2017, April 15, 2018 and April 15, 2019).