SEC Form 4 · accession 0001664272-18-000041
ALTISOURCE PORTFOLIO SOLUTIONS S.A. · ASPS
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Michelle D. Esterman
Officer — EVP, Finance
Period of report
Apr 15, 2018
Accepted (ET)
Apr 17, 2018 · 1:19 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 | Apr 15, 2018 | F | 1,628 | $25.55 | D | 12,402 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents shares surrendered by Ms. Esterman for tax withholdings due as a result of the vesting of 4,834 restricted shares of ASPS common stock. The shares were surrendered pursuant to the terms of her April 15, 2015 Restricted Stock Award Agreement. Pursuant to the terms of the Restricted Stock Award Agreement, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on April 16, 2018.
- F2Includes (i) 4,833 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) on the fourth anniversary of the April 15, 2015 grant date (i.e., April 15, 2019); and (ii) 1,207 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) in two equal installments on the second and third anniversaries of the April 7, 2017 grant date (i.e., April 7, 2019 and April 7, 2020). Ms. Esterman has no voting rights with respect to these shares until they vest.