MASTIONI MARCELLO 4
4 · Altisource Portfolio Solutions S.A. · Filed Feb 16, 2021
Insider Transaction Report
Form 4
MASTIONI MARCELLO
PRES, REAL ESTATE MARKETPLACE
Transactions
- Exercise/Conversion
Common Stock
2021-02-12+1,593→ 42,999 total - Exercise/Conversion
Restricted Share Units
2021-02-12−1,593→ 1,593 totalExercise: $0.00→ Common Stock (1,593 underlying) - Tax Payment
Common Stock
2021-02-12$11.01/sh−266$2,929→ 42,733 total
Footnotes (4)
- [F1]Of the 1,593 RSUs vesting into shares reported above, 266 shares were foregone to pay for the tax withholding with a net issuance to Mr. Mastioni of 1,327 shares. Pursuant to the terms of the award agreement, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on February 12, 2021.
- [F2]1,593 shares of ASPS common stock received upon the vesting of previously granted restricted share units ("RSUs") pursuant to an award under the 2018 Long Term Incentive Plan.
- [F3]Includes (i) 3,750 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) on the fourth anniversary of the November 13, 2017 grant date (i.e., November 13, 2021). Mr. Mastioni has no voting rights with respect to these shares until they vest.
- [F4]Represents the vesting of RSUs. The remaining 1,593 RSUs are scheduled to vest on the fourth anniversary of the February 12, 2018 grant date (i.e., February 12, 2022). Each RSU represents a contingent right to receive one share of ASPS common stock.