SC 13D/A 1 a13-7428_1sc13da.htm SC 13D/A

 

 

UNITED STATES

 

 

SECURITIES & EXCHANGE COMMISSION

 

 

Washington, D.C. 20549

 

 

 

 

 

SCHEDULE 13D

 

 

Under the Securities Exchange Act of 1934
(Amendment No. 3)*

 

Altisource Portfolio Solutions S.A.

(Name of Issuer)

 

Common stock

(Title of Class of Securities)

 

L0175J104

(CUSIP Number)

 

Barry N. Wish

1661 Worthington Road, Suite 100

West Palm Beach, Florida 33409

(561) 682-8000

(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)

 

June 19, 2012

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See § 13d-7(b) for other parties to whom copies are to be sent.

* The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required on the remainder of this cover page shall not be deemed to be "filed" for purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

 



 

CUSIP No.: L0175J104

 

 

1.

Name of Reporting Person
Barry N. Wish

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
N/A

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
U.S.A.

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
17,000

 

8.

Shared Voting Power
1,122,329

 

9.

Sole Dispositive Power
17,000

 

10.

Shared Dispositive Power
1,122,329

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,139,329

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
4.86%

 

 

14.

Type of Reporting Person (See Instructions)
IN

 

2



 

CUSIP No.: L0175J104

 

 

1.

Name of Reporting Person
Wishco, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
N/A

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Delaware

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
1,107,329

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
1,107,329

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
1,107,329

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
4.73%

 

 

14.

Type of Reporting Person (See Instructions)
CO

 

3



 

CUSIP No.: L0175J104

 

 

1.

Name of Reporting Person
Barry Wish Family Foundation, Inc.

 

 

2.

Check the Appropriate Box if a Member of a Group (See Instructions)

 

 

(a)

 x

 

 

(b)

 o

 

 

3.

SEC Use Only

 

 

4.

Source of Funds (See Instructions)
N/A

 

 

5.

Check if Disclosure of Legal Proceedings Is Required Pursuant to Items 2(d) or 2(e)     o

 

 

6.

Citizenship or Place of Organization
Florida

 

Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With

7.

Sole Voting Power
0

 

8.

Shared Voting Power
15,000

 

9.

Sole Dispositive Power
0

 

10.

Shared Dispositive Power
15,000

 

 

11.

Aggregate Amount Beneficially Owned by Each Reporting Person
15,000

 

 

12.

Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o

 

 

13.

Percent of Class Represented by Amount in Row (11)
0.06%

 

 

14.

Type of Reporting Person (See Instructions)
CO

 

4



 

This Amendment No. 3 amends and supplements the Schedule 13D, filed by Barry N. Wish, Wishco, Inc., a Delaware corporation (“Wishco”), and Barry Wish Family Foundation, Inc., a Florida non-profit corporation (“Foundation” and, together with Wishco and Mr. Wish, each, a “Reporting Person,” and together, the “Reporting Persons”) with the Securities and Exchange Commission (“SEC”) on September 1, 2011, as amended by Amendment No. 1 filed on February 16, 2012, and as amended by Amendment No. 2 filed on September 14, 2012 (the “Original Filing”), relating to shares of common stock, par value $1.00 per share (“Common Stock”), of Altisource Portfolio Solutions S.A., a company organized under the laws of Luxembourg (the “Issuer”).  This Amendment No. 3 is being filed to include certain transactions erroneously omitted from Amendment No. 2, and to report the fact that the Reporting Persons have ceased to be the beneficial owners of more than five percent of the Common Stock.  Information reported in the Original Filing, as previously amended, remains in effect except to the extent that it is expressly amended, restated or superseded by information contained in this Amendment No. 3. Capitalized terms used and not defined in this Amendment No. 3 have the meanings set forth in the Original Filing.

 

ITEM 5.                Interest in Securities of the Issuer.

 

Item 5 is amended and restated in its entirety as follows:

 

(a)  As of March 13, 2013, Barry N. Wish beneficially owns: (i) 17,000 shares of Common Stock directly, (ii) 15,000 shares of Common Stock held by Foundation, which is controlled by Mr. Wish, and (iii) 1,107,329 shares of Common Stock held by Wishco, which is controlled by Mr. Wish pursuant to his ownership of 93.0% of the common stock thereto.  Wishco beneficially owns 1,107,329 shares of Common Stock held by Wishco.  Foundation beneficially owns 15,000 shares of Common Stock.

 

For purposes of this Schedule 13D, the ownership percentage for each Reporting Person is based upon 23,426,763 shares outstanding as of January 31, 2013, according to the Issuer.   As of March 13, 2013, Barry N. Wish beneficially owns 4.86% of the Common Stock, Wishco beneficially owns 4.73% of the Common Stock, and Foundation owns .06% of the Common Stock.

 

(b) Barry N. Wish:

 

(1) Sole Voting Power: 17,000

 

(2) Shared Voting Power: 1,122,329

 

(3) Sole Dispositive Power:  17,000

 

(4) Shared Dispositive Power: 1,122,329

 

Wishco, Inc.:

 

(1) Sole Voting Power: 0

 

(2) Shared Voting Power: 1,107,329

 

(3) Sole Dispositive Power:  0

 

(4) Shared Dispositive Power:  1,107,329

 

Barry Wish Family Foundation, Inc.:

 

(1) Sole Voting Power: 0

 

(2) Shared Voting Power: 15,000

 

5



 

(3) Sole Dispositive Power:  0

 

(4) Shared Dispositive Power: 15,000

 

(c) Transactions not previously reported on Amendment No. 2:

 

 

 

Date

 

Reporting Person

 

Transaction

 

Number of Shares

 

Price per Share

 

1.

 

06/19/12

 

Wishco, Inc.

 

Disposition

 

28,900

 

$

71.92

 

2.

 

06/21/12

 

Wishco, Inc.

 

Disposition

 

42,536

 

$

71.51

 

3.

 

06/22/12

 

Wishco, Inc.

 

Disposition

 

2,200

 

$

71.50

 

4.

 

06/26/12

 

Wishco, Inc.

 

Disposition

 

7,393

 

$

71.65

 

5.

 

06/27/12

 

Wishco, Inc.

 

Disposition

 

18,971

 

$

72.09

 

 

Transactions which have occurred since the filing of Amendment No. 2:

 

6.

 

09/21/12

 

Wishco, Inc.

 

Disposition

 

10,000

 

$

85.00

 

7.

 

10/19/12

 

Barry N. Wish

 

Disposition

 

6,000

 

$

85.00

 

8.

 

10/19/12

 

Barry N. Wish

 

Disposition

 

4,000

 

$

90.00

 

9.

 

02/21/13

 

Wishco, Inc.

 

Disposition (Gift)

 

6,200

 

N/A

 

 

(d) Not applicable.

 

(e) The Reporting Persons ceased to be the beneficial owners of more than five percent of the Common Stock as of August 20, 2012.

 

ITEM 7.                Material to be Filed as Exhibits.

 

Exhibit
Number

 

Description

 

 

 

Exhibit 1

 

Joint Filing Agreement, dated March 13, 2013, by and among Barry N. Wish, Wishco, Inc., and Barry Wish Family Foundation, Inc.

 

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SIGNATURE

 

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Dated:   March 13, 2013

 

 

 

BARRY N. WISH

 

 

 

 

 

 

/s/ Barry N. Wish

 

 

Barry N. Wish

 

 

 

 

 

 

 

WISHCO, INC.

 

 

 

 

 

 

 

By:

/s/ Barry N. Wish

 

 

Barry N. Wish

 

 

President

 

 

 

 

 

 

 

BARRY WISH FAMILY FOUNDATION, INC.

 

 

 

 

 

 

 

By:

/s/ Barry N. Wish

 

 

Barry N. Wish

 

 

President

 

7