0001664272-23-000196.txt : 20230303
0001664272-23-000196.hdr.sgml : 20230303
20230303190255
ACCESSION NUMBER: 0001664272-23-000196
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20220301
FILED AS OF DATE: 20230303
DATE AS OF CHANGE: 20230303
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: 23706840
MAIL ADDRESS:
STREET 1: C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A.
STREET 2: 33, BOULEVARD PRINCE HENRI
CITY: LUXEMBOURG
STATE: N4
ZIP: L-1724
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: 33, BOULEVARD PRINCE HENRI
STREET 2: L-1724 LUXEMBOURG CITY
CITY: GRAND DUCHY OF LUXEMBOURG
STATE: N4
ZIP: 50
BUSINESS PHONE: 352 24 69 79 00
MAIL ADDRESS:
STREET 1: 33, BOULEVARD PRINCE HENRI
STREET 2: L-1724 LUXEMBOURG CITY
CITY: GRAND DUCHY OF LUXEMBOURG
STATE: N4
ZIP: 50
FORMER COMPANY:
FORMER CONFORMED NAME: Altisource Portfolio Solutions S.A.
DATE OF NAME CHANGE: 20090625
FORMER COMPANY:
FORMER CONFORMED NAME: Altisource Portfolio Solutions S.a.r.l.
DATE OF NAME CHANGE: 20090422
4
1
f4_a1e2k00000rxru0ual-live.xml
PRIMARY DOCUMENT
X0306
4
2022-03-01
false
0001462418
ALTISOURCE PORTFOLIO SOLUTIONS S.A.
ASPS
0001621907
RITTS GREGORY J.
C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A.
33, BOULEVARD PRINCE HENRI
LUXEMBOURG
N4
L-1724
LUXEMBOURG
false
true
false
false
Chief Legal/Compliance Officer
Restricted Share Units
0.0000
2022-03-01
4
A
false
10000.0000
0.0000
A
Common Stock
10000.0000
10000.0000
D
Restricted Share Units
0.0000
2022-03-01
4
A
false
10000.0000
0.0000
A
Common Stock
10000.0000
10000.0000
D
Restricted Share Units
0.0000
2022-03-01
4
A
false
10790.0000
0.0000
A
Common Stock
10790.0000
10790.0000
D
Due to an administrative error, this transaction was not reported by the requisite deadline, and is being filed now to correct the delinquency.
On March 1, 2022, Mr. Ritts was granted 10,790 restricted share units ("RSUs") under the 2009 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of ASPS common stock.
6,474 RSUs are scheduled to vest on the first anniversary of the grant date (i.e., March 1, 2023) and the remaining 4,316 RSUs are scheduled to vest on the second anniversary of the grant date (i.e., March 1, 2024).
On March 1, 2022, Mr. Ritts was granted 10,000 time-based RSUs under the 2009 Equity Incentive Plan. Each RSU represents a contingent right to receive one share of ASPS common stock.
The time-based RSUs are scheduled to vest in three equal increments on the first, second and third anniversaries of the grant date (i.e., March 1, 2023; March 1, 2024 and March 1, 2025).
On March 1, 2022, Mr. Ritts was granted 10,000 performance-based RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.
The performance-based RSUs shall be earned and vest entirely on the third anniversary of the Grant Date (i.e., March 1, 2025) based on (i) the achievement of pre-established performance goals related to the simple average of performance for each year during the 2022-2024 period (the "Performance Period"), as established each year by the Compensation Committee (with the awards terminating if the average achievement for the three-year period is less than 50%); and (ii) Total Shareholder Return compared to the Russell 2000 Index during the Performance Period based on a pre-determined linear scale approved by the Compensation Committee.
/s/ Teresa L. Szupello, Attorney-in-Fact
2023-03-03