0001225208-14-014133.txt : 20140530
0001225208-14-014133.hdr.sgml : 20140530
20140530165129
ACCESSION NUMBER: 0001225208-14-014133
CONFORMED SUBMISSION TYPE: 3
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20140521
FILED AS OF DATE: 20140530
DATE AS OF CHANGE: 20140530
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: 40, AVENUE MONTEREY
STREET 2: L-2163 LUXEMBOURG CITY
CITY: GRAND DUCHY OF LUXEMBOURG
STATE: N4
ZIP: 50
BUSINESS PHONE: 352 24 69 79 00
MAIL ADDRESS:
STREET 1: 40, AVENUE MONTEREY
STREET 2: L-2163 LUXEMBOURG CITY
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
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: HYNES MARK J.
CENTRAL INDEX KEY: 0001609340
FILING VALUES:
FORM TYPE: 3
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34354
FILM NUMBER: 14880967
MAIL ADDRESS:
STREET 1: 40, AVENUE MONTEREY
CITY: LUXEMBOURG CITY
STATE: N4
ZIP: L-2163
3
1
doc3.xml
X0206
3
2014-05-21
0
0001462418
Altisource Portfolio Solutions S.A.
ASPS
0001609340
HYNES MARK J.
40, AVENUE MONTEREY
LUXEMBOURG CITY
N4
L-2163
LUXEMBOURG
1
President, Technology Services
Common Stock
14460.0000
D
Stock Options
21.0800
2020-01-25
Common Stock
80000.0000
D
On January 25, 2010, Mr. Hynes was granted 80,000 options. The vesting schedule is as follows: (1) Time-Based. 20,000 Options (25%) vest in 4 increments, beginning on the anniversary of the grant date. (2) Performance-Based. 40,000 Options (50%) 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. The remaining 20,000 Options (25%) 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.
All of the Time-Based Options are currently vested. 30,000 of the Performance-Based Options are currently vested, with the remaining 10,000 vesting on November 11, 2014. 10,000 of the Extraordinary Performance-Based Options are currently vested, with the remaining 10,000 vesting in two equal annual increments on June 8, 2014 and 2015.
Teresa L. Denoncourt, Attorney-in-Fact
2014-05-30