SEC Form 4 · accession 0001289315-17-000002
ALTISOURCE PORTFOLIO SOLUTIONS S.A. · ASPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Kevin James Wilcox
Officer — Chief Admin & Risk Officer
Period of report
Sep 1, 2017
Accepted (ET)
Sep 5, 2017 · 12:52 pm 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 | Sep 1, 2017 | M | 39,167 | $9.14 | A | 116,969 | D |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock Options | $9.14 | Sep 1, 2017 | M | 1,668 | D | Jun 15, 2010 | Jul 14, 2018 | Common Stock | 1,668 | 155,000 | D |
| Stock Options | $9.14 | Sep 1, 2017 | M | 12,917 | D | Jul 14, 2010 | Jul 14, 2018 | Common Stock | 12,917 | 142,083 | D |
| Stock OptionsF3 | $9.14 | Sep 1, 2017 | M | 24,582 | D | Dec 23, 2010 | Jul 14, 2018 | Common Stock | 24,582 | 117,501 | D |
Explanation of responses
- F1Acquired by the exercise of options granted pursuant to a stock option award that expires on July 14, 2018. Mr. Wilcox elected to pay the exercise price and taxes associated with all 39,167 exercised options and retain the resulting 39,167 shares.
- F2Includes (i) 13,667 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) in two equal installments on the third and fourth anniversaries of the April 15, 2015 grant date (i.e., April 15, 2018 and April 15, 2019) and (ii) 3,016 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 April 7, 2017 grant date (i.e., April 7, 2018, April 7, 2019 and April 7, 2020). Mr. Wilcox has no voting rights with respect to these shares until they vest.
- F3Following the reported transaction, Mr. Wilcox holds 117,501 vested options relating to this grant and an additional 132,667 vested options from other grants for a total of 250,168 vested options.