WILCOX KEVIN JAMES 4
4 · Altisource Portfolio Solutions S.A. · Filed Mar 24, 2020
Insider Transaction Report
Form 4
WILCOX KEVIN JAMES
CAO & General Counsel
Transactions
- Tax Payment
Common Stock
2020-03-21$8.26/sh−1,884$15,562→ 250,112 total - Award
Common Stock
2020-03-21+3,994→ 251,996 total
Footnotes (3)
- [F1]3,994 shares of ASPS common stock received upon the vesting of previously granted performance-based restricted share units ("RSUs") pursuant to an award under the 2019 Long Term Incentive Plan.
- [F2]Includes 1,005 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) on the third anniversary of the April 7, 2017 grant date (i.e., April 7, 2020). Mr. Wilcox has no voting rights with respect to these shares until they vest.
- [F3]Of the 3,994 RSUs vesting into shares reported above, 1,884 shares were foregone to pay for the tax withholding with a net issuance to Mr. Wilcox of 2,110 shares. 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 March 23, 2020.