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