0001664272-20-000124.txt : 20201002 0001664272-20-000124.hdr.sgml : 20201002 20201002180630 ACCESSION NUMBER: 0001664272-20-000124 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20201001 FILED AS OF DATE: 20201002 DATE AS OF CHANGE: 20201002 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: 201221649 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_a1e2k00000krjpjuaj-live.xml PRIMARY DOCUMENT X0306 4 2020-10-01 false 0001462418 Altisource Portfolio Solutions S.A. ASPS 0001621907 RITTS GREGORY J. 40, AVENUE MONTEREY LUXEMBOURG N4 L-2163 LUXEMBOURG false true false false Chief Legal/Compliance Officer Restricted Share Units 0.0000 2020-10-01 4 A false 4750.0000 0.0000 A Common Stock 4750.0000 4750.0000 D Restricted Share Units 0.0000 2020-10-01 4 A false 19000.0000 0.0000 A Common Stock 19000.0000 19000.0000 D On October 1, 2020, Mr. Ritts was granted 23,750 restricted share units ("RSUs") under the 2009 Equity Incentive Plan; 20% (4,750) of the RSUs are time-based and 80% (19,000) of the RSUs are performance-based. Each RSU represents a contingent right to receive one share of ASPS common stock. Vesting schedule for time-based RSUs: The RSUs are scheduled to vest in three equal installments on the first, second and third anniversaries of the grant date (i.e., October 1, 2021, October 1, 2022 and October 1, 2023). Vesting schedule for performance-based RSUs: (i) 10% of the RSUs will begin vesting when the average closing price of ASPS common stock over a period of 30 calendar days reaches $20, with one-half vesting immediately upon the achievement of such criteria and the remainder vesting on the first anniversary of the date of initial vesting; (ii) 30% of the RSUs will begin vesting when the average closing price of ASPS common stock over a period of 30 calendar days reaches $25, with one-half vesting immediately upon the achievement of such criteria and the remainder vesting on the first anniversary of the date of initial vesting; and (iii) 40% of the RSUs will begin vesting when the average closing price of ASPS common stock over a period of 30 calendar days reaches $35, with one-half vesting immediately upon the achievement of such criteria and the remainder vesting on the first anniversary of the date of initial vesting. /s/ Teresa L. Szupello, Attorney-in-Fact 2020-10-02