SEC Form 4 · accession 0001225208-15-001543
Altisource Asset Management Corp · AAMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
William C Erbey
Director · 10% Owner
Period of report
Jan 12, 2015
Accepted (ET)
Jan 16, 2015 · 6:09 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 | Jan 12, 2015 | G | 3,287 | $10.00 | D | 36,191 | D | |
| Common StockF2 | Jan 14, 2015 | M | 1,595 | $0.66 | A | 37,786 | D | |
| Common StockF2 | Jan 14, 2015 | G | 1,595 | $10.00 | D | 36,191 | D | |
| Common StockF1 | Jan 12, 2015 | A | 3,287 | $10.00 | A | 612,347 | I | By Salt Pond Holdings, LLC |
| Common StockF2 | Jan 14, 2015 | A | 1,595 | $10.00 | A | 613,942 | 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 | $0.66 | Jan 14, 2015 | M | 1,595 | D | Dec 21, 2012 | Jan 31, 2015 | Common Stock | 1,595 | 0 | D |
Explanation of responses
- F1Shares of Common Stock were transferred by the reporting person to Salt Pond Holdings, LLC, a company controlled by the reporting person. This transaction is reportable on Form 5, but the reporting person is voluntarily reporting early on Form 4.
- F21,595 shares of Common Stock were received upon exercise of options and such shares were concurrently transferred by the reporting person to Salt Pond Holdings, LLC. The transfer to Salt Pond Holdings, LLC is reportable on Form 5, but the reporting person is voluntarily reporting early on Form 4.