Form Type: 4

SEC EDGAR Link
Accession Number:0001664272-21-000005
Date:2021-01-24
Issuer: ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
Original Submission Date:

Reporting Person:

MASTIONI MARCELLO
40, AVENUE MONTEREY
LUXEMBOURG CITY, 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 2021-01-24 F 82 d $11.09 41,406 direct
COMMON STOCK 2021-01-24 M 3,213 a $0.00 41,488 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 2021-01-24 deemed execution date M 3,213 (d) common stock 3,213 $0.00 6,425 direct
Footnotes
IDfootnote
f1 3,213 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.
f2 includes 3,750 time-based restricted shares of asps common stock, which are scheduled to vest (and will be issued) on the fourth anniversary of the november 13, 2017 grant date (i.e., november 13, 2021). mr. mastioni has no voting rights with respect to these shares until they vest.
f3 of the 3,213 rsus vesting into shares reported above, 82 shares were foregone to pay for the tax withholding with a net issuance to mr. mastioni of 3,131 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 january 25, 2021.
f4 represents the vesting of rsus. the remaining 6,425 rsus are scheduled to vest in two installments on the second and third anniversaries of the january 24, 2020 grant date (i.e., january 24, 2022 and january 24, 2023). each rsu represents a contingent right to receive one share of asps common stock.
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