0001225208-12-007564.txt : 20120314 0001225208-12-007564.hdr.sgml : 20120314 20120314160601 ACCESSION NUMBER: 0001225208-12-007564 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20120312 FILED AS OF DATE: 20120314 DATE AS OF CHANGE: 20120314 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Esterman Michelle D. CENTRAL INDEX KEY: 0001544019 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34354 FILM NUMBER: 12690384 MAIL ADDRESS: STREET 1: 291, ROUTE D'ARLON CITY: LUXEMBOURG CITY STATE: N4 ZIP: L-1150 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Altisource Portfolio Solutions S.A. CENTRAL INDEX KEY: 0001462418 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380] IRS NUMBER: 000000000 STATE OF INCORPORATION: N4 BUSINESS ADDRESS: STREET 1: 291, ROUTE D' ARLON STREET 2: L-1150 LUXEMBOURG CITY: GRAND DUCHY OF LUXEMBOURG STATE: N4 ZIP: 50 BUSINESS PHONE: 352 24 69 79 00 MAIL ADDRESS: STREET 1: 291, ROUTE D' ARLON STREET 2: L-1150 LUXEMBOURG CITY: GRAND DUCHY OF LUXEMBOURG STATE: N4 ZIP: 50 FORMER COMPANY: FORMER CONFORMED NAME: Altisource Portfolio Solutions S.a.r.l. DATE OF NAME CHANGE: 20090422 4 1 doc4.xml X0304 4 2012-03-12 0001462418 Altisource Portfolio Solutions S.A. ASPS 0001544019 Esterman Michelle D. 291, ROUTE D ARLON LUXEMBOURG N4 L-1150 LUXEMBOURG 1 Chief Financial Officer Stock Options 0.0000 2012-03-12 4 A 0 58500.0000 0.0000 A 2022-03-12 Common Stock 58500.0000 58500.0000 D Ms. Esterman joined Altisource as CFO 3/12/12. Subject to her offer letter she received 58,500 options with an exercise price of $63.43 (closing price on 3/12/12). The vesting schedule is as follows: (1) Time-Based. 25% of the Options vest in 4 increments, beginning on the anniversary of her start date. (2) Performance-Based. 50% of the Options vest in 4 increments: 1/4 of the options vest when: (x) the share price doubles the exercise price and (y) investors achieve a 20% Annualized Rate of Return based on the exercise price. Thereafter, 1/4 of the Options vest each anniversary of the initial vesting. (3) Extraordinary Performance-Based. 25% of the Options vest in 4 increments: 1/4 of the Options vest when: (x) the share price triples the exercise price and (y) investors achieve a 25% Annualized Rate of Return based on the exercise price. Thereafter, 1/4 of the Options vest each anniversary of the initial vesting. Teresa L. Denoncourt, Attorney-in-Fact 2012-03-14