STILES ROBERT DANIEL 4
4 · Altisource Portfolio Solutions S.A. · Filed Jul 13, 2010
Insider Transaction Report
Form 4
STILES ROBERT DANIEL
Chief Financial Officer
Transactions
- Award
Employee Stock Options (Right to Buy)
2010-01-25$22.01/sh+46,667$1,027,141→ 46,667 totalExercise: $22.01Exp: 2020-01-25→ Common Stock (46,667 underlying) - Award
Employee Stock Options (Right to Buy)
2010-05-19$24.85/sh+120,000$2,982,000→ 120,000 totalExercise: $24.85Exp: 2020-05-19→ Common Stock (120,000 underlying) - Award
Employee Stock Options (Right to Buy)
2009-09-22$14.15/sh+33,333$471,662→ 33,333 totalExercise: $14.15Exp: 2019-09-22→ Common Stock (33,333 underlying)
Footnotes (1)
- [F1]The vesting schedule for these options has a time-based component, in which 25% of the options vest in equal increments over four years, and a performance-based component, in which up to 75% of the options could vest in equal increments, with 25% vesting immediately upon the achievement of certain performance criteria related to Altisource's stock price and its annualized rate of return and the remaining 75% vesting over the next three years. Two-thirds of the performance-based options would commence vesting if the stock price realizes a compounded annual gain of at least 20% over the exercise price, so long as the stock price is at least double the exercise price. The remaining third of the performance-based options would commence vesting if the stock price realizes a 25% compounded annual gain, so long as it is at least triple the exercise price.