SEC Form 4 · accession 0001225208-18-002939
ALTISOURCE PORTFOLIO SOLUTIONS S.A. · ASPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Indroneel Chatterjee
Officer — Chief Financial Officer
Period of report
Feb 12, 2018
Accepted (ET)
Feb 14, 2018 · 5:51 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,F2 | Feb 12, 2018 | A | 22,186 | $0.00 | A | 41,719 | D | |
| Common Stock | holding | — | — | — | 1,200 | I | By Spouse |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1In accordance with his employment agreement (as disclosed on August 9, 2017), on February 12, 2018, Mr. Chatterjee received a grant of 22,186 restricted shares of ASPS common stock with an award value of $540,000. The restricted shares are scheduled to vest in four equal installments on the first, second, third and fourth anniversaries of the grant date (i.e., February 12, 2019, February 12, 2020, February 12, 2021 and February 12, 2022). Mr. Chatterjee has no voting rights with respect to these shares until they vest.
- F2Includes 19,533 time-based restricted shares of ASPS common stock, which are scheduled to vest in four equal installments on the first, second, third and fourth anniversaries of the October 5, 2017 grant date (i.e., October 5, 2018, October 5, 2019, October 5, 2020 and October 5, 2021). Mr. Chatterjee has no voting rights with respect to these shares until they vest.