SEC Form 4 · accession 0001609340-16-000002
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
Aug 19, 2016
Accepted (ET)
Aug 23, 2016 · 2:00 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 | Aug 19, 2016 | M | 50,000 | $9.14 | A | 106,600 | D | |
| Common StockF2 | Aug 19, 2016 | F | 28,934 | $31.20 | D | 77,666 | D | |
| Common StockF3,F4 | Aug 19, 2016 | G | 21,066 | $0.00 | D | 56,600 | D | |
| Common Stock | Aug 19, 2016 | G | 21,066 | $0.00 | A | 124,364 | I | By William B. Shepro Revocable Trust |
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 | Aug 19, 2016 | M | 17,188 | D | Aug 10, 2009 | Jul 14, 2018 | Common Stock | 17,188 | 257,813 | D |
| Stock Options | $9.14 | Aug 19, 2016 | M | 32,812 | D | Dec 23, 2009 | Jul 14, 2018 | Common Stock | 32,812 | 225,001 | D |
Explanation of responses
- F1Acquired by the exercise of options granted pursuant to an employee stock option award that expires on July 14, 2018.
- F221,066 shares were acquired as a result of the exercise of 50,000 stock options awarded as part of the July 14, 2008 stock option grant that expires on July 14, 2018, of which 28,934 shares were foregone to pay for the exercise price and tax withholdings.
- F321,066 shares of common stock were acquired upon exercise of options and such shares were transferred by the reporting person to the William B. Shepro Revocable Trust. The transfer to the William B. Shepro Revocable Trust is reportable on Form 5, but the reporting person is voluntarily reporting early on Form 4.
- F4Represents 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.