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