0001664272-23-000303.txt : 20230322 0001664272-23-000303.hdr.sgml : 20230322 20230322215316 ACCESSION NUMBER: 0001664272-23-000303 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: Shepro William B CENTRAL INDEX KEY: 0001289315 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-34354 FILM NUMBER: 23754324 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_a1e2k00000rxscgual-live.xml PRIMARY DOCUMENT X0407 4 2023-03-20 false 0001462418 ALTISOURCE PORTFOLIO SOLUTIONS S.A. ASPS 0001289315 Shepro William B C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A. 33, BOULEVARD PRINCE HENRI LUXEMBOURG N4 L-1724 LUXEMBOURG true true false false Chairman and CEO false Common Stock 2023-03-20 5 G false 14476.0000 0.0000 A 645133.0000 I William B. Shepro Revocable Trust Common Stock 2023-03-20 5 G false 14476.0000 0.0000 D 0.0000 D Common Stock 2023-03-20 4 F false 12926.0000 4.5900 D 14476.0000 D Common Stock 2023-03-20 4 M false 27402.0000 0.0000 A 27402.0000 D Restricted Share Units 0.0000 2023-03-20 4 M false 4200.0000 0.0000 D Common Stock 4200.0000 4200.0000 D Restricted Share Units 0.0000 2023-03-20 4 M false 12242.0000 0.0000 D Common Stock 12242.0000 0.0000 D Restricted Share Units 0.0000 2023-03-20 4 M false 10960.0000 0.0000 D Common Stock 10960.0000 0.0000 D 27,402 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 27,402 RSUs vesting into shares reported above, 12,926 shares were surrendered to pay for the tax withholding with a net issuance to Mr. Shepro of 14,476 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 a transfer by gift by Mr. Shepro of 14,476 shares of ASPS common stock, acquired upon the vesting of performance-based restricted share units ("RSUs"), from his direct ownership to the William B. Shepro Revocable Trust. This transaction is reportable on Form 5, but Mr. Shepro is voluntarily reporting early on Form 4. Represents the final vesting of performance-based RSUs granted on February 27, 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 February 27, 2020 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 February 27, 2020, pursuant to the Altisource 2020 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock. The remaining 4,200 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