MASTIONI MARCELLO 4
4 · Altisource Portfolio Solutions S.A. · Filed Jan 26, 2021
Insider Transaction Report
Form 4
MASTIONI MARCELLO
PRES, REAL ESTATE MARKETPLACE
Transactions
- Exercise/Conversion
Common Stock
2021-01-24+3,213→ 41,488 total - Tax Payment
Common Stock
2021-01-24$11.09/sh−82$909→ 41,406 total - Exercise/Conversion
Restricted Share Units
2021-01-24−3,213→ 6,425 totalExercise: $0.00→ Common Stock (3,213 underlying)
Footnotes (4)
- [F1]3,213 shares of ASPS common stock received upon the vesting of previously granted restricted share units ("RSUs") pursuant to an award under the 2009 Equity Incentive Plan, as amended.
- [F2]Includes 3,750 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) on the fourth anniversary of the November 13, 2017 grant date (i.e., November 13, 2021). Mr. Mastioni has no voting rights with respect to these shares until they vest.
- [F3]Of the 3,213 RSUs vesting into shares reported above, 82 shares were foregone to pay for the tax withholding with a net issuance to Mr. Mastioni of 3,131 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 January 25, 2021.
- [F4]Represents the vesting of RSUs. The remaining 6,425 RSUs are scheduled to vest in two installments on the second and third anniversaries of the January 24, 2020 grant date (i.e., January 24, 2022 and January 24, 2023). Each RSU represents a contingent right to receive one share of ASPS common stock.