SEC Form 4 · accession 0001225208-15-022359
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
Dec 11, 2015
Accepted (ET)
Dec 15, 2015 · 1:51 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 | Dec 11, 2015 | M | 9,459 | $13.58 | A | 66,059 | D | |
| Common StockF2,F3 | Dec 11, 2015 | G | 9,459 | $0.00 | D | 56,600 | D | |
| Common StockF2 | Dec 11, 2015 | A | 9,459 | $0.00 | A | 92,098 | 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 | $13.58 | Dec 11, 2015 | M | 9,459 | D | Aug 10, 2009 | May 10, 2017 | Common Stock | 9,459 | 0 | D |
Explanation of responses
- F1Represents exercise of all outstanding options granted in May 2007 with an expiration date of May 10, 2017, which Mr. Shepro currently intends to hold through the William B. Shepro Irrevocable Trust.
- F29,459 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).