Form Type: 4

SEC EDGAR Link
Accession Number:0001225208-21-003922
Date:2021-02-24
Issuer: ALTISOURCE ASSET MANAGEMENT CORP (AAMC)
Original Submission Date:

Reporting Person:

MOLTKE-HANSEN CHRISTOPHER D.
5100 TAMARIND REEF
CHRISTIANSTED, VI 00820

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 2021-02-24 A 8,523 a $23.72 8,523 direct
COMMON STOCK 2021-02-24 A 5,000 a $0.00 13,523 direct
COMMON STOCK 2021-02-24 F 3,749 d $23.72 9,774 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
Footnotes
IDfootnote
f1 effective february 24, 2021 (the "grant date"), the compensation committee of the board of directors of the company granted the reporting person an aggregate of 8,523 shares (the "shares") of common stock. the shares vest immediately on the grant date.
f2 the price per share was calculated based on the average of the high and low price of the company's common stock on the vesting date, which was february 24, 2021.
f3 effective february 24, 2021, the compensation committee of the board of directors of the company granted the reporting person an aggregate of 5,000 restricted shares (the "shares") of common stock pursuant to a restricted stock award agreement. the shares vest in equal annual installments on each of the first three anniversaries of the reporting person's hiring date, which was october 15, 2020, subject to acceleration or forfeiture in certain circumstances.
f4 n/a.
f5 includes 5,000 remaining unvested restricted shares of common stock, which, upon vesting, settle for shares of common stock, subject to acceleration or forfeiture.
f6 such 3,749 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 2020 equity incentive plan. the price per share used to determine the tax withholdings was the average of the high and low sale prices of the company's common stock on the vesting date, which was february 24, 2020.

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