DAVILA JOSEPH A. 4
4 · Altisource Portfolio Solutions S.A. · Filed Nov 15, 2017
Insider Transaction Report
Form 4
DAVILA JOSEPH A.
President, Mortgage Services
Transactions
- Award
Common Stock
2017-11-13+15,000→ 30,278 total
Footnotes (2)
- [F1]On November 13, 2017, Mr. Davila was granted 15,000 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) in four equal installments on the first, second, third and fourth anniversaries of the grant date (i.e., November 13, 2018, November 13, 2019, November 13, 2020 and November 13, 2021). Mr. Davila has no voting rights with respect to these shares until they vest.
- [F2]Includes (i) 3,733 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) in two equal installments on the third and fourth anniversaries of the April 15, 2015 grant date (i.e., April 15, 2018 and April 15, 2019), (ii) 1,508 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) in three equal installments on the first, second and third anniversaries of the April 7, 2017 grant date (i.e., April 7, 2018, April 7, 2019 and April 7, 2020) and (iii) 5,000 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) in three equal installments on the first, second and third anniversaries of the July 27, 2017 grant date (i.e., July 27, 2018, July 27, 2019 and July 27, 2020). Mr. Davila has no voting rights with respect to these shares until they vest.