0001664272-20-000125.txt : 20201002
0001664272-20-000125.hdr.sgml : 20201002
20201002190108
ACCESSION NUMBER: 0001664272-20-000125
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: MASTIONI MARCELLO
CENTRAL INDEX KEY: 0001761497
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34354
FILM NUMBER: 201221868
MAIL ADDRESS:
STREET 1: 40, AVENUE MONTEREY
CITY: LUXEMBOURG CITY
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_a1e2k00000krjpeuaj-live.xml
PRIMARY DOCUMENT
X0306
4
2020-10-01
false
0001462418
Altisource Portfolio Solutions S.A.
ASPS
0001761497
MASTIONI MARCELLO
40, AVENUE MONTEREY
LUXEMBOURG CITY
N4
L-2163
LUXEMBOURG
false
true
false
false
Chief Operating Officer
Restricted Share Units
0.0000
2020-10-01
4
A
false
25000.0000
0.0000
A
Common Stock
25000.0000
25000.0000
D
Restricted Share Units
0.0000
2020-10-01
4
A
false
6250.0000
0.0000
A
Common Stock
6250.0000
6250.0000
D
On October 1, 2020, Mr. Mastioni was granted 31,250 restricted share units ("RSUs") under the 2009 Equity Incentive Plan; 20% (6,250) of the RSUs are time-based and 80% (25,000) 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