0001664272-19-000029.txt : 20190227 0001664272-19-000029.hdr.sgml : 20190227 20190227164351 ACCESSION NUMBER: 0001664272-19-000029 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20190225 FILED AS OF DATE: 20190227 DATE AS OF CHANGE: 20190227 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Esterman Michelle D. CENTRAL INDEX KEY: 0001544019 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34354 FILM NUMBER: 19638346 MAIL ADDRESS: STREET 1: 40, AVENUE MONTEREY CITY: LUXEMBOURG STATE: N4 ZIP: L-2163 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 4 1 f4_a1e1n00000nmaxmuah-live.xml PRIMARY DOCUMENT X0306 4 2019-02-25 false 0001462418 Altisource Portfolio Solutions S.A. ASPS 0001544019 Esterman Michelle D. 40, AVENUE MONTEREY LUXEMBOURG N4 L-2163 LUXEMBOURG false true false false Chief Financial Officer Restricted Share Units 2019-02-25 4 A false 2432.0000 0.0000 A Common Stock 2432.0000 2432.0000 D Restricted Share Units 2019-02-25 4 A false 6080.0000 0.0000 A Common Stock 6080.0000 6080.0000 D Each restricted share unit ("RSU") represents a contingent right to receive one share of Altisource Portfolio Solutions S.A. ("ASPS") common stock. Award granted as part of Ms. Esterman's annual incentive compensation for the 2018 service year ("2018 Annual Incentive Compensation") based on her personal scorecard performance. As previously reported in a Form 8-K filed on February 16, 2018, the annual incentive award program was amended to require executives to elect to have a minimum of 25% of their annual incentive compensation that was previously paid in cash paid in RSUs. Ms. Esterman elected to receive 50% of her 2018 Annual Incentive Compensation in cash and 50% in RSUs, resulting in the grant of 6,080 RSUs based on the 30-day average closing share price of ASPS common stock of $23.76 preceding the February 25, 2019 grant date. The award is scheduled to vest in two equal installments on the first and second anniversaries of the February 25, 2019 grant date (i.e., February 25, 2020 and February 25, 2021). As previously reported in a Form 8-K filed on February 16, 2018, a one-time additional equity award was granted to Ms. Esterman for the Company's achievement of 2018 target adjusted earnings per share and Ms. Esterman's achievement of a designated level of scorecard performance for the 2018 service year. Ms. Esterman was granted 2,432 RSUs based on the 30-day average closing share price of ASPS common stock of $23.76 preceding the February 25, 2019 grant date. The award is scheduled to vest in two equal installments on the first and second anniversaries of the February 25, 2019 grant date (i.e., February 25, 2020 and February 25, 2021). /s/ Matthew B. Benz, Attorney-in-fact 2019-02-27