0001225208-16-038590.txt : 20160831 0001225208-16-038590.hdr.sgml : 20160831 20160831131447 ACCESSION NUMBER: 0001225208-16-038590 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20160829 FILED AS OF DATE: 20160831 DATE AS OF CHANGE: 20160831 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: 161862801 MAIL ADDRESS: STREET 1: 40, AVENUE MONTEREY CITY: LUXEMBOURG STATE: N4 ZIP: L-2163 4 1 doc4.xml X0306 4 2016-08-29 0001462418 Altisource Portfolio Solutions S.A. ASPS 0001621907 RITTS GREGORY J. 40, AVENUE MONTEREY N4 L-2163 LUXEMBOURG 1 General Counsel Stock Options 32.6400 2016-08-29 4 A 0 5000.0000 0.0000 A 2026-08-29 Common Stock 5000.0000 5000.0000 D Stock Options 32.6400 2016-08-29 4 A 0 5000.0000 0.0000 A 2026-08-29 Common Stock 5000.0000 10000.0000 D Mr. Ritts was granted 5,000 time-based options. The time-based options will vest in 3 annual increments beginning on the first anniversary of the grant date. Mr. Ritts was granted 5,000 performance-based options. 3,333 of the performance-based options vest in 3 increments: (a) 1,111 of the options vest when (i) the share price doubles the exercise price and (ii) investors achieve a 20% Annualized Rate of Return based on the exercise price; and (b) thereafter, 1,111 of the options vest on each of the first two anniversaries of the initial vesting. The remaining 1,667 performance-based options vest in 3 increments: (a) 555 of the options vest when (i) the share price triples the exercise price and (ii) investors achieve a 25% Annualized Rate of Return based on the exercise price; and (b) thereafter, 556 of the options vest on each of the first two anniversaries of the initial vesting. Teresa L. Denoncourt, Attorney-in-Fact 2016-08-31