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