0001225208-15-007616.txt : 20150312 0001225208-15-007616.hdr.sgml : 20150312 20150312085014 ACCESSION NUMBER: 0001225208-15-007616 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20141111 FILED AS OF DATE: 20150312 DATE AS OF CHANGE: 20150312 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: DAVILA JOSEPH A. CENTRAL INDEX KEY: 0001609339 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34354 FILM NUMBER: 15694501 MAIL ADDRESS: STREET 1: 40, AVENUE MONTEREY CITY: LUXEMBOURG CITY STATE: N4 ZIP: L-2163 4 1 doc4.xml X0306 4 2014-11-11 0001462418 Altisource Portfolio Solutions S.A. ASPS 0001609339 DAVILA JOSEPH A. 40, AVENUE MONTEREY N4 L-2163 LUXEMBOURG 1 President, Mortgage Services Stock Options 72.7800 2014-11-11 4 A 0 25000.0000 0.0000 A 2024-11-11 Common Stock 25000.0000 25000.0000 D On November 11, 2014, Mr. Davila was granted 25,000 options. The vesting schedule is as follows: (1) Time Based. 6,250 options (25%) vest in 4 increments, beginning on the anniversary of the grant date; (2) Performance Based. 12,500 options (50%) vest in 4 increments: 1/4 of the options vest when (a) the share price doubles the exercise price and (b) 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; and (3) Extraordinary Performance Based. The remaining 6,250 options (25%) vest in 4 increments: 1/4 of the options vest when (a) the share price triples the exercise price and (b) 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 2015-03-12