SEC Form 4 · accession 0001225208-16-041278
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
Nov 4, 2016
Accepted (ET)
Nov 8, 2016 · 10:58 am 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,F2 | Nov 4, 2016 | P | 5,100 | $24.45 | A | 129,464 | I | By William B. Shepro Revocable Trust |
| Common StockF1 | Nov 4, 2016 | P | 1,030 | $24.36 | A | 130,494 | I | By William B. Shepro Revocable Trust |
| Common StockF3 | holding | — | — | — | 56,600 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares purchased in the open market on November 4, 2016.
- F2The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $24.42 to $24.46, inclusive. Mr. Shepro undertakes to provide to Altisource Portfolio Solutions S.A., any security holder of Altisource Portfolio Solutions S.A., or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the range set forth in footnote (1) to this Form 4.
- F3Represents 56,600 restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) 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). Mr. Shepro has no voting rights with respect to these restricted shares until they vest.