SEC Form 4 · accession 0001225208-18-003862
Altisource Asset Management Corp · AAMC
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
George G Ellison
Officer — Chief Executive Officer · Director
Period of report
Feb 20, 2018
Accepted (ET)
Feb 22, 2018 · 5:59 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,F2 | Feb 20, 2018 | A | 16,487 | $0.00 | A | 73,116 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1On February 20, 2018 (the "Date of Grant"), the compensation committee of the board of directors of the Company granted the reporting person an aggregate of 16,487 restricted shares (the "Shares") of common stock pursuant to a Restricted Stock Award Agreement. The Shares vest in equal annual installments on each of the first three anniversaries of the Date of Grant, subject to the reporting person's continued service through each applicable vesting date and subject to acceleration and forfeiture in certain circumstances.
- F2Includes 62,852 remaining unvested restricted shares of common stock, which, upon vesting, settle for shares of common stock, subject to acceleration or forfeiture.