4//SEC Filing
WILCOX KEVIN JAMES 4
Accession 0001664272-19-000013
CIK 0001462418other
Filed
Feb 13, 7:00 PM ET
Accepted
Feb 14, 5:45 PM ET
Size
12.2 KB
Accession
0001664272-19-000013
Insider Transaction Report
Form 4
WILCOX KEVIN JAMES
CAO & General Counsel
Transactions
- Tax Payment
Common Stock
2019-02-12$24.41/sh−5,897$143,946→ 241,073 total - Exercise/Conversion
Common Stock
2019-02-12+12,500→ 246,970 total - Award
Stock Options
2019-02-12+100,000→ 100,000 totalExercise: $24.82→ Common Stock (100,000 underlying) - Exercise/Conversion
Restricted Share Units
2019-02-12−12,500→ 37,500 totalExercise: $0.00→ Common Stock (12,500 underlying)
Footnotes (5)
- [F1]12,500 shares of ASPS common stock received upon the vesting of previously granted restricted share units ("RSUs") pursuant to an award under the 2018 Long Term Incentive Plan ("2018 LTIP").
- [F2]Includes (i) 6,833 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) on the fourth anniversary of the April 15, 2015 grant date (i.e., April 15, 2019) and (ii) 2,011 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) in two equal installments on the second and third anniversaries of the April 7, 2017 grant date (i.e., April 7, 2019 and April 7, 2020). Mr. Wilcox has no voting rights with respect to these shares until they vest.
- [F3]5,897 shares of the 12,500 shares received upon vesting of RSUs awarded under the 2018 LTIP were foregone to pay for the tax withholdings. Pursuant to the terms of the award agreement, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on February 12, 2019.
- [F4]Represents the vesting of RSUs. The remaining 37,500 RSUs are scheduled to vest in three equal installments on the second, third and fourth anniversaries of the February 12, 2018 grant date (i.e., February 12, 2020; February 12, 2021; and February 12, 2022). Each RSU represents a contingent right to receive one share of ASPS common stock.
- [F5]Consists of 25,000 options that vested on February 12, 2019 due to stated criteria and 75,000 options that are scheduled to vest in three equal installments on the first, second and third anniversaries of the February 12, 2019 initial vesting date (i.e., February 12, 2020; February 12, 2021; and February 12, 2022), pursuant to an award under the 2018 LTIP.
Documents
Issuer
Altisource Portfolio Solutions S.A.
CIK 0001462418
Entity typeother
Related Parties
1- filerCIK 0001470461
Filing Metadata
- Form type
- 4
- Filed
- Feb 13, 7:00 PM ET
- Accepted
- Feb 14, 5:45 PM ET
- Size
- 12.2 KB