SEC Form 4 · accession 0001225208-18-014662
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
Oct 12, 2018
Accepted (ET)
Oct 16, 2018 · 7:01 pm EDT
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 | Oct 12, 2018 | F | 1,420 | $49.675 | D | 70,384 | D | |
| Common StockF3,F4 | Oct 15, 2018 | F | 2,146 | $53.00 | D | 68,238 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Such 1,420 shares were forfeited by the reporting person to cover the tax withholdings on the vesting of his Common Stock pursuant to the terms of the Company's 2012 Equity Incentive Plan and the Restricted Stock Agreement between the reporting person and the Company. The price per share used to determine the tax withholdings was the average of the high and low sales prices of the Company's common stock on the vesting date, which was October 12, 2018.
- F2Includes 53,787 remaining unvested restricted shares of common stock, which, upon vesting, settle for shares of common stock, subject to acceleration or forfeiture.
- F3Such 2,146 shares were forfeited by the reporting person to cover the tax withholdings on the vesting of his Common Stock pursuant to the terms of the Company's 2012 Equity Incentive Plan and the Restricted Stock Agreement between the reporting person and the Company. The price per share used to determine the tax withholdings was the average of the high and low sales prices of the Company's common stock on the vesting date, which was October 15, 2018.
- F4Includes 48,270 remaining unvested restricted shares of common stock, which, upon vesting, settle for shares of common stock, subject to acceleration or forfeiture.