MASTIONI MARCELLO 4
4 · Altisource Portfolio Solutions S.A. · Filed Nov 13, 2020
Insider Transaction Report
Form 4
MASTIONI MARCELLO
PRES, REAL ESTATE MARKETPLACE
Transactions
- Tax Payment
Common Stock
2020-11-12$12.25/sh−629$7,705→ 38,275 total - Exercise/Conversion
Common Stock
2020-11-12+5,000→ 38,904 total - Exercise/Conversion
Restricted Share Units
2020-11-12−5,000→ 5,000 totalExercise: $0.00→ Common Stock (5,000 underlying)
Footnotes (3)
- [F1]5,000 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]Of the 5,000 RSUs vesting into shares reported above, 629 shares were foregone to pay for the tax withholding and 4,371 shares were acquired by the reporting person. 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 November 12, 2020.
- [F3]Represents the vesting of RSUs. The remaining 5,000 RSUs are scheduled to vest on the third anniversary of the grant date (i.e., November 12, 2021). Each RSU represents a contingent right to receive one share of ASPS common stock.