Altisource Portfolio Solutions S.A. 4
4 · Altisource Portfolio Solutions S.A. · Filed Mar 12, 2015
Insider Transaction Report
Form 4
DAVILA JOSEPH A.
President, Mortgage Services
Transactions
- Award
Stock Options
2014-11-11+25,000→ 25,000 totalExercise: $72.78Exp: 2024-11-11→ Common Stock (25,000 underlying)
Footnotes (1)
- [F1]On November 11, 2014, Mr. Davila was granted 25,000 options. The vesting schedule is as follows: (1) Time Based. 6,250 options (25%) vest in 4 increments, beginning on the anniversary of the grant date; (2) Performance Based. 12,500 options (50%) vest in 4 increments: 1/4 of the options vest when (a) the share price doubles the exercise price and (b) investors achieve a 20% Annualized Rate of Return based on the exercise price. Thereafter, 1/4 of the options vest each anniversary of the initial vesting; and (3) Extraordinary Performance Based. The remaining 6,250 options (25%) vest in 4 increments: 1/4 of the options vest when (a) the share price triples the exercise price and (b) investors achieve a 25% Annualized Rate of Return based on the exercise price. Thereafter, 1/4 of the options vest each anniversary of the initial vesting.