SEC Form 4 · accession 0001225208-18-002954
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
Feb 12, 2018
Accepted (ET)
Feb 14, 2018 · 6:15 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001462418
Table I — non-derivative securities
No Table I lines on this filing.
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Restricted Share UnitsF1,F2 | — | Feb 12, 2018 | A | 100,000 | A | — | — | Common Stock | 100,000 | 100,000 | D |
Explanation of responses
- F1On February 12, 2018, Mr. Shepro was granted 100,000 restricted share units ("RSUs"). Each RSU represents a contingent right to receive one share of ASPS common stock.
- F2The RSUs are scheduled to vest in four equal installments on the first, second, third and fourth anniversaries of the February 12, 2018 grant date (i.e., February 12, 2019, February 12, 2020, February 12, 2021 and February 12, 2022).