Form Type: 4

SEC EDGAR Link
Accession Number:0001664272-21-000008
Date:2021-01-29
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 2021-01-29 M 5,000 a $0.00 25,230 direct
COMMON STOCK 2021-01-29 F 1,770 d $10.57 20,230 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 2021-01-29 deemed execution date M 5,000 (d) common stock 5,000 $0.00 5,000 direct
Footnotes
IDfootnote
f1 of the 5,000 rsus vesting into shares reported above, 1,770 shares were foregone to pay for the tax withholding with a net issuance to ms. esterman of 3,230 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 29, 2021.
f2 5,000 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.
f3 represents the vesting of rsus. the remaining 5,000 rsus are scheduled to vest on the third anniversary of the january 29, 2019 grant date (i.e., january 29, 2022). each rsu represents a contingent right to receive one share of asps common stock.
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