SEC Form 4 · accession 0001225208-17-007944
ALTISOURCE PORTFOLIO SOLUTIONS S.A. · ASPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Joseph A. Davila
Officer — President, Servicer Solutions
Period of report
Apr 7, 2017
Accepted (ET)
Apr 11, 2017 · 11:58 am 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,F2 | Apr 7, 2017 | A | 1,508 | $0.00 | A | 10,058 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On April 7, 2017, Mr. Davila was granted 1,508 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) in three equal installments on the first, second and third anniversaries of the grant date (i.e., April 7, 2018, April 7, 2019 and April 7, 2020). Mr. Davila has no voting rights with respect to these shares until they vest.
- F2Includes 5,600 time-based 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. Davila has no voting rights with respect to these shares until they vest.