0001225208-17-010620.txt : 20170531 0001225208-17-010620.hdr.sgml : 20170531 20170531183214 ACCESSION NUMBER: 0001225208-17-010620 CONFORMED SUBMISSION TYPE: 4 PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20170526 FILED AS OF DATE: 20170531 DATE AS OF CHANGE: 20170531 ISSUER: COMPANY DATA: COMPANY CONFORMED NAME: Altisource Residential Corp CENTRAL INDEX KEY: 0001555039 STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500] IRS NUMBER: 460633510 FISCAL YEAR END: 1231 BUSINESS ADDRESS: STREET 1: 1110 STRAND ST, STE 2A CITY: CHRISTIANSTED STATE: VI ZIP: 00820 BUSINESS PHONE: 340-692-1055 MAIL ADDRESS: STREET 1: 1110 STRAND ST, STE 2A CITY: CHRISTIANSTED STATE: VI ZIP: 00820 REPORTING-OWNER: OWNER DATA: COMPANY CONFORMED NAME: Ellison George G CENTRAL INDEX KEY: 0001634612 FILING VALUES: FORM TYPE: 4 SEC ACT: 1934 Act SEC FILE NUMBER: 001-35657 FILM NUMBER: 17882722 MAIL ADDRESS: STREET 1: 402 STRAND STREET CITY: FREDERIKSTED STATE: VI ZIP: 00840-3531 4 1 doc4.xml X0306 4 2017-05-26 0001555039 Altisource Residential Corp RESI 0001634612 Ellison George G C/O AAMC, 36C STRAND STREET CHRISTIANSTED VI 00820 VIRGIN ISLANDS, U.S. 1 1 Chief Executive Officer Common Stock 2017-05-26 4 A 0 59441.0000 0 A 326691.0000 D Stock Options 10.0400 2017-05-26 4 D 0 27921.0000 D 2020-08-09 Common Stock 27921.0000 300000.0000 D Grant of Restricted Stock Units ("RSUs") which vest in equal annual installments on each of the first, second and third anniversaries of the grant date, subject to acceleration or forfeiture, and upon vesting, settle for shares of common stock. Not applicable. Includes 121,691 RSUs, which, upon vesting, settle for shares of common stock, subject to acceleration or forfeiture. The options were awarded on August 9, 2016 and will vest in three equal annual installments on the later of the anniversary of the option award and the date of the satisfaction of certain performance criteria, in each case, on the first, second and third anniversaries of the option award, subject to acceleration or forfeiture. The performance criteria is satisfied on the date on which the sum of (a) the average price per share for the consecutive 20-trading-day period ending on such date plus (b) the amount of all reinvested dividends, calculated on a per-share basis, from the date of grant through such date shall equal or exceed 125% of the price per share on the date of grant. The options expire on August 9, 2020 only if the performance criteria are not satisfied on or before such date. If the performance criteria are satisfied on or before August 9, 2020, the options expire on August 9, 2023. The options were cancelled by a mutual agreement between the Issuer and the Reporting Person. Stephen H. Gray, Attorney-in-Fact 2017-05-31