0001225208-14-014139.txt : 20140530 0001225208-14-014139.hdr.sgml : 20140530 20140530171056 ACCESSION NUMBER: 0001225208-14-014139 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: BHANDARI VIVEK CENTRAL INDEX KEY: 0001609338 FILING VALUES: FORM TYPE: 3 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34354 FILM NUMBER: 14881260 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 0001609338 BHANDARI VIVEK 40, AVENUE MONTEREY LUXEMBOURG CITY N4 L-2163 LUXEMBOURG 1 President, Financial Services Stock Options 21.0800 2020-01-25 Common Stock 6561.0000 D On January 25, 2010, Mr. Bhandari was granted 15,000 options. The vesting schedule is as follows: (1) Time-Based. 3,750 Options(25%) vest in 4 increments, beginning on the anniversary of the grant date. (2) Performance-Based. 7,500 Options (50%) vest in 4increments: 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 3,750 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. 2,813 of the Time-Based Options were previously exercised, and the remaining 937 are currently vested. 3,750 of thePerformance-Based Options were previously exercised; of the remaining 3,750, 1,875 are currently vested, with the remaining1,875 vesting on November 11, 2014. 1,876 of the Extraordinary Performance-Based Options were previously exercised, with theremaining 1,874 vesting in two equal annual increments on June 8, 2014 and 2015. Teresa L. Denoncourt, Attorney-in-Fact 2014-05-30