0001225208-14-021535.txt : 20141015
0001225208-14-021535.hdr.sgml : 20141015
20141010140020
ACCESSION NUMBER: 0001225208-14-021535
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20141001
FILED AS OF DATE: 20141010
DATE AS OF CHANGE: 20141010
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: RITTS GREGORY J.
CENTRAL INDEX KEY: 0001621907
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34354
FILM NUMBER: 141152053
MAIL ADDRESS:
STREET 1: 40, AVENUE MONTEREY
CITY: LUXEMBOURG CITY
STATE: N4
ZIP: L-2163
4
1
doc4.xml
X0306
4
2014-10-01
0001462418
Altisource Portfolio Solutions S.A.
ASPS
0001621907
RITTS GREGORY J.
40, AVENUE MONTEREY
LUXEMBOURG CITY
N4
L-2163
LUXEMBOURG
1
General Counsel
Stock Options
96.8700
2014-10-01
4
A
0
30000.0000
0.0000
A
2024-10-01
Common Stock
30000.0000
30000.0000
D
Upon joining Altisource on October 1, 2014, Mr. Ritts was granted 30,000 options. The vesting schedule is as follows: (1) Time-Based. 7,500 Options (25%) vest in 4 increments, beginning on the anniversary of the grant date. (2) Performance-Based. 15,000 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 7,500 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.
Teresa L. Denoncourt, Attorney-in-Fact
2014-10-10