Form Type: 4

SEC EDGAR Link
Accession Number:0001664272-20-000065
Date:2020-02-25
Issuer: ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
Original Submission Date:

Reporting Person:

WILCOX KEVIN JAMES
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 2020-02-25 F 3,590 d $18.91 248,002 direct
COMMON STOCK 2020-02-25 M 7,613 a $0.00 251,592 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 2020-02-25 deemed execution date M 5,438 (d) common stock 10,876 $0.00 5,438 direct
RESTRICTED SHARE UNITS 0.0 2020-02-25 deemed execution date M 2,175 (d) common stock 4,350 $0.00 2,175 direct
Footnotes
IDfootnote
f1 7,613 shares of asps common stock received upon the vesting of previously granted restricted share units ("rsus") pursuant to an award under the 2009 equity incentive plan, as amended and the 2018 annual incentive plan.
f2 includes 1,005 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). mr. wilcox has no voting rights with respect to these shares until they vest.
f3 of the 7,613 rsus vesting into shares reported above 3,590 shares were foregone to pay for the tax withholding with a net issuance to mr. wilcox of 4,023 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 25, 2020.
f4 represents the vesting of rsus. the remaining 2,175 rsus are expected to vest on may 15, 2020, pursuant to the october 11, 2019 agreement among altisource sarl and kevin j. wilcox. each rsu represents a contingent right to receive one share of asps common stock.
f5 represents the vesting of rsus. the remaining 5,438 rsus are expected to vest on may 15, 2020, pursuant to the october 11, 2019 agreement among altisource sarl and kevin j. wilcox. each rsu represents a contingent right to receive one share of asps common stock.
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