4//SEC Filing
Chatterjee Indroneel 4
Accession 0001225208-17-016174
CIK 0001462418other
Filed
Oct 9, 8:00 PM ET
Accepted
Oct 10, 6:12 PM ET
Size
7.8 KB
Accession
0001225208-17-016174
Insider Transaction Report
Form 4
Chatterjee Indroneel
Chief Financial Officer
Transactions
- Award
Common Stock
2017-10-05+19,533→ 19,533 total - Award
Stock Options
2017-10-05+20,000→ 20,000 totalExercise: $27.29Exp: 2027-10-05→ Common Stock (20,000 underlying)
Footnotes (2)
- [F1]Upon joining on October 5, 2017, Mr. Chatterjee was granted 19,533 time-based restricted shares of ASPS common stock, which are scheduled to vest in four equal installments on the first, second, third and fourth anniversaries of the October 5, 2017 grant date (i.e., October 5, 2018, October 5, 2019, October 5, 2020 and October 5, 2021). Mr. Chatterjee has no voting rights with respect to these shares until they vest.
- [F2]Upon joining on October 5, 2017, Mr. Chatterjee was granted 20,000 market-based options. 13,333 of the market-based options vest in 3 increments: (a) 4,444 of the options vest when: (i) the share price doubles the exercise price and (ii) investors achieve a 20% Annualized Rate of Return based on the exercise price; and (b) thereafter, 4,444 of the options vest on the first anniversary of the initial vesting and 4,445 of the options vest on the second anniversary of the initial vesting. The remaining 6,667 market-based options vest in 3 increments: (a) 2,222 of the options vest when: (i) the share price triples the exercise price and (ii) investors achieve a 25% Annualized Rate of Return based on the exercise price; and (b) thereafter, 2,222 of the options vest on the first anniversary of the initial vesting and 2,223 of the options vest on the second anniversary of the initial vesting.
Documents
Issuer
Altisource Portfolio Solutions S.A.
CIK 0001462418
Entity typeother
Related Parties
1- filerCIK 0001717094
Filing Metadata
- Form type
- 4
- Filed
- Oct 9, 8:00 PM ET
- Accepted
- Oct 10, 6:12 PM ET
- Size
- 7.8 KB