DAVILA JOSEPH A. 4
4 · Altisource Portfolio Solutions S.A. · Filed Apr 10, 2018
Insider Transaction Report
Form 4
DAVILA JOSEPH A.
President, Mortgage Services
Transactions
- Tax Payment
Common Stock
2018-04-07$26.09/sh−237$6,183→ 30,041 total
Footnotes (2)
- [F1]Represents shares surrendered by Mr. Davila for tax withholdings due as a result of the vesting of 503 restricted shares of ASPS common stock. The shares were surrendered pursuant to the terms of his April 7, 2017 Restricted Stock Award Agreement. Pursuant to the terms of the Restricted Stock Award Agreement, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on April 9, 2018.
- [F2]Includes (i) 3,733 time-based restricted shares of ASPS common stock (hereinafter Restricted Shares), which are scheduled to vest (and will be issued) in 2 equal installments on the 3rd and 4th anniversaries of the 4/15/15 grant date (i.e., 4/15/18 and 4/15/19); (ii) 1,005 time-based Restricted Shares, which are scheduled to vest (and will be issued) in 2 equal installments on the 2nd and 3rd anniversaries of the 4/7/17 grant date (i.e., 4/7/19 and 4/7/20); (iii) 5,000 time-based Restricted Shares, which are scheduled to vest (and will be issued) in 3 equal installments on the 1st, 2nd and 3rd anniversaries of the 7/27/17 grant date (i.e., 7/27/18, 7/27/19 and 7/27/20); and (iv) 15,000 time-based Restricted Shares, which are scheduled to vest (and will be issued) in 4 equal installments on the 1st, 2nd, 3rd and 4th anniversaries of the 11/13/17 grant date (i.e., 11/13/18, 11/13/19, 11/13/20 and 11/13/21). Mr. Davila has no voting rights with respect to these shares until they vest.