0001664272-23-000290.txt : 20230322
0001664272-23-000290.hdr.sgml : 20230322
20230322200029
ACCESSION NUMBER: 0001664272-23-000290
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20230320
FILED AS OF DATE: 20230322
DATE AS OF CHANGE: 20230322
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: 23754201
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_a1e2k00000rxsccua1-live.xml
PRIMARY DOCUMENT
X0407
4
2023-03-20
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
false
Common Stock
2023-03-20
4
F
false
3392.0000
4.5900
D
42801.0000
D
Common Stock
2023-03-20
4
M
false
7190.0000
0.0000
A
46193.0000
D
Restricted Share Units
0.0000
2023-03-20
4
M
false
2733.0000
0.0000
D
Common Stock
2733.0000
2734.0000
D
Restricted Share Units
0.0000
2023-03-20
4
M
false
2352.0000
0.0000
D
Common Stock
2352.0000
0.0000
D
Restricted Share Units
0.0000
2023-03-20
4
M
false
2105.0000
0.0000
D
Common Stock
2105.0000
0.0000
D
7,190 shares of ASPS common stock were received upon the vesting of restricted share units ("RSUs") pursuant to awards under the Altisource 2020 Long Term Incentive Plan ("LTIP") and the Altisource 2021 LTIP.
Of the 7,190 RSUs vesting into shares reported above, 3,392 shares were surrendered to pay for the tax withholding with a net issuance to Mr. Ritts of 3,798 shares. The price per share used to determine the tax withholdings was the opening price of Altisource Portfolio Solutions S.A. ("ASPS") common stock on March 20, 2023.
Represents the final vesting of Type I performance-based RSUs granted on January 24, 2020, pursuant to the Altisource 2020 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock.
The vesting dates of the Altisource 2020 LTIP and the Altisource 2021 LTIP awards previously scheduled to vest on January 24, 2023 and March 9, 2023 were deferred until March 20, 2023 upon the approval of the Altisource Compensation Committee.
Represents the full and final vesting of Type II performance-based RSUs granted on January 24, 2020, pursuant to the Altisource 2020 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock.
Represents the second tranche of Type I performance-based RSUs granted on March 9, 2021, pursuant to the Altisource 2021 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock.
The remaining 2,734 RSUs are scheduled to vest on the third anniversary of the March 9, 2021 grant date (i.e., March 9, 2024).
/s/ Teresa L. Szupello, Attorney-in-Fact
2023-03-22