0001664272-24-000224.txt : 20240322
0001664272-24-000224.hdr.sgml : 20240322
20240322160545
ACCESSION NUMBER: 0001664272-24-000224
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20240320
FILED AS OF DATE: 20240322
DATE AS OF CHANGE: 20240322
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Shepro William B
CENTRAL INDEX KEY: 0001289315
ORGANIZATION NAME:
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-34354
FILM NUMBER: 24775206
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]
ORGANIZATION NAME: 07 Trade & Services
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_a1e2k00000wi8jkual-live.xml
PRIMARY DOCUMENT
X0508
4
2024-03-20
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
2024-03-20
4
M
false
120690.0000
0.0000
A
120690.0000
D
Common Stock
2024-03-20
4
F
false
56936.0000
2.5900
D
63754.0000
D
Common Stock
2024-03-20
4
G
false
63754.0000
0.0000
D
0.0000
D
Common Stock
2024-03-20
4
G
false
63754.0000
0.0000
A
787002.0000
I
William B. Shepro Revocable Trust
Restricted Share Units
0.0000
2024-03-20
4
M
false
103617.0000
0.0000
D
Common Stock
103617.0000
25904.0000
D
Restricted Share Units
0.0000
2024-03-20
4
M
false
17073.0000
0.0000
D
Common Stock
17073.0000
34145.0000
D
120,690 shares of ASPS common stock were received upon the vesting of previously granted restricted share units ("RSUs") pursuant to awards under the Altisource 2023 Annual Incentive Plan ("AIP") and the Altisource 2023 Long Term Incentive Plan ("LTIP").
Of the 120,690 RSUs vesting into shares reported above 56,936 shares were forgone to pay for the tax withholding with a net issuance to Mr. Shepro of 63,754 shares. Pursuant to the terms of the award agreements, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on March 20, 2024.
Represents a transfer by gift from Mr. Shepro's direct ownership to the William B. Shepro Revocable Trust of 63,754 shares of ASPS common stock acquired upon the vesting of RSUs pursuant to awards under the Altisource 2023 AIP and Altisource 2023 LTIP.
Represents the vesting of 80% of Time-based RSUs granted to Mr. Shepro on March 20, 2023, pursuant to the Altisource 2023 AIP. Each RSU represents a contingent right to receive one share of ASPS common stock.
The remaining 20% of the Time-based RSUs are scheduled to vest on the second anniversary of the grant date (i.e., March 20, 2025).
Represents the vesting of the first tranche of Type I Time-based RSUs granted to Mr. Shepro on March 20, 2023, pursuant to the Altisource 2023 LTIP. Each RSU represents a contingent right to receive one share of ASPS common stock.
The remaining 34,145 Type I Time-based RSUs are scheduled to vest in two equal installments on the second and third anniversaries of the grant date (i.e., March 20, 2025 and March 20, 2026).
/s/ Teresa L. Szupello, Attorney-in-Fact
2024-03-22