Form Type: 4

SEC EDGAR Link
Accession Number:0001664272-20-000031
Date:2020-02-12
Issuer: ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
Original Submission Date:

Reporting Person:

ESTERMAN MICHELLE D.
40, AVENUE MONTEREY
LUXEMBOURG, N4 L-2163

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-02-12 F 362 d $19.60 16,320 direct
COMMON STOCK 2020-02-12 M 1,240 a $0.00 16,682 direct
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
RESTRICTED SHARE UNITS 0.0 2020-02-12 deemed execution date M 1,240 (d) common stock 1,240 $0.00 2,478 direct
Footnotes
IDfootnote
f1 1,240 shares of asps common stock received upon the vesting of previously granted restricted share units ("rsus") pursuant to an award under the 2018 long term incentive plan.
f2 includes 603 time-based restricted shares of asps common stock, which are scheduled to vest (and will be issued) on the third anniversary of the april 7, 2017 grant date (i.e., april 7, 2020). ms. esterman has no voting rights with respect to these shares until they vest.
f3 of the 1,240 rsus vesting into shares reported above, 362 shares were foregone to pay for the tax withholding with a net issuance to ms. esterman of 878 shares. pursuant to the terms of the award agreement, the price per share used to determine the tax withholdings was the opening price of asps common stock on february 12, 2020.
f4 represents the vesting of rsus. the remaining 2,478 rsus are scheduled to vest in two equal installments on the third and fourth anniversaries of the february 12, 2018 grant date (i.e., february 12, 2021 and february 12, 2022). each rsu represents a contingent right to receive one share of asps common stock.
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