LINN W MICHAEL 4
4 · Altisource Portfolio Solutions S.A. · Filed Apr 3, 2019
Insider Transaction Report
Form 4
LINN W MICHAEL
Director
Transactions
- Gift
Common Stock
2019-04-01−11.6→ 0 total(indirect: S & S Agriculture & Oil, LP) - Other
Common Stock
2019-04-01−568.4→ 11.6 total(indirect: S & S Agriculture & Oil, LP)
Holdings
- 233(indirect: By IRA)
Common Stock
- 1,500(indirect: By IRA)
Common Stock
- 2,070(indirect: By Trust)
Common Stock
- 24,147
Common Stock
Footnotes (1)
- [F1]On April 1, 2019, control of a trust owning interests in S & S Agriculture & Oil, LP, a limited partnership which owns 580 shares of ASPS common stock, was transferred by Mr. Linn to two of Mr. Linn's adult children. Mr. Linn's children are beneficiaries of the trust and pursuant, to the trust terms, are entitled to control as a result of their age. Simultaneous with the transfer of control, Mr. Linn gifted a 2% ownership interest in S & S Agriculture & Oil, LP to the trust, as a result of which the trust owns 100% of the interests in the limited partnership. As a result of these transactions, Mr. Linn no longer has voting or dispositive power with respect to these shares of ASPS common stock.