SEC Form 4 · accession 0001140361-17-011031
Altisource Asset Management Corp · AAMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
A later amendment supersedes this filing — read the amendment. The figures below are kept as originally reported (version chain, not an overwrite).
Reporting owner
William C Erbey
10% Owner
Period of report
Mar 6, 2017
Accepted (ET)
Mar 8, 2017 · 5:04 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001555074
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1 | Mar 6, 2017 | M | 80,000 | $0.66 | A | 106,330 | D | |
| Common StockF1 | Mar 6, 2017 | M | 3,427 | $0.97 | A | 109,757 | D | |
| Common StockF1 | holding | — | — | — | 83,427 | I | By Spouse | |
| Common Stock | holding | — | — | — | 623,803 | I | By Salt Pond Holdings, LLC |
Table II — derivative securities
| Security | Conv. / exercise price | Date | Code | Shares | A/D | Exercisable | Expires | Underlying | Underlying shares | Owned after | D/I |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock OptionsF2,F4 | $0.66 | Mar 6, 2017 | M | 80,000 | A | — | Jul 14, 2018 | Common Stock | 80,000 | 0 | D |
| Stock OptionsF3,F5 | $0.97 | Mar 6, 2017 | M | 3,427 | A | — | May 10, 2017 | Common Stock | 3,427 | 0 | D |
Explanation of responses
- F1Represents shares gifted by Mr. Erbey to his spouse. This transaction resulted in a change in the form of beneficial ownership exempt under Rule 16a-13. As a result, Mr. Erbey directly beneficially owns 26,330 shares of common stock of Altisource Asset Management Corporation.
- F2These options were granted pursuant to a stock option award that expires on July 14, 2018.
- F3These options were granted pursuant to a stock option award that expires on May 10, 2017.
- F425% of these stock options vested annually over 4 years based on service, while the remaining 75% of these stock options vested annually based on performance until June 15, 2013.
- F520% of these stock options vested on May 20, 2007, while the remaining 80% vested annually on each December 31st from December 31, 2007 to December 31, 2010.