0001225208-20-001425.txt : 20200131
0001225208-20-001425.hdr.sgml : 20200131
20200131175127
ACCESSION NUMBER: 0001225208-20-001425
CONFORMED SUBMISSION TYPE: 4
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 20200130
FILED AS OF DATE: 20200131
DATE AS OF CHANGE: 20200131
REPORTING-OWNER:
OWNER DATA:
COMPANY CONFORMED NAME: Chatterjee Indroneel
CENTRAL INDEX KEY: 0001717094
FILING VALUES:
FORM TYPE: 4
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-36063
FILM NUMBER: 20566311
MAIL ADDRESS:
STREET 1: 40, AVENUE MONTEREY
CITY: LUXEMBOURG CITY
STATE: N4
ZIP: L-2163
ISSUER:
COMPANY DATA:
COMPANY CONFORMED NAME: Altisource Asset Management Corp
CENTRAL INDEX KEY: 0001555074
STANDARD INDUSTRIAL CLASSIFICATION: REAL ESTATE [6500]
IRS NUMBER: 660783125
STATE OF INCORPORATION: VI
FISCAL YEAR END: 1231
BUSINESS ADDRESS:
STREET 1: 5100 TAMARIND REEF
CITY: CHRISTIANSTED
STATE: VI
ZIP: 00820
BUSINESS PHONE: (340) 692-1055
MAIL ADDRESS:
STREET 1: 5100 TAMARIND REEF
CITY: CHRISTIANSTED
STATE: VI
ZIP: 00820
4
1
doc4.xml
X0306
4
2020-01-30
0001555074
Altisource Asset Management Corp
AAMC
0001717094
Chatterjee Indroneel
C/O AAMC, 5100 TAMARIND REEF
CHRISTIANSTED
VI
00820
VIRGIN ISLANDS, U.S.
1
1
Co-Chief Executive Officer
Common Stock
2020-01-30
4
A
0
60000.0000
0.0000
A
60000.0000
D
Stock Options
13.1100
2020-01-30
4
A
0
60000.0000
0.0000
A
2030-01-30
Common Stock
60000.0000
60000.0000
D
On January 30, 2020 (the "Date of Grant"), the compensation committee of the board of directors of the Company granted the reporting person an aggregate of 60,000 restricted shares (the "Shares") of common stock pursuant to a Restricted Stock Award Agreement. The Shares vest in equal annual installments on each of the first four anniversaries of the Date of Grant, subject to acceleration or forfeiture in certain circumstances.
Includes 60,000 remaining unvested restricted shares of common stock, which, upon vesting, settle for shares of common stock, subject to acceleration or forfeiture.
The options were awarded on January 30, 2020. 40,000 of such options will vest in three equal annual installments commencing on the date on the first date on which the closing price of common stock of the Company is equal to or exceeds four times the exercise price of the options, subject to acceleration or forfeiture. 20,000 of such options will vest in three equal annual installments commencing on the date on the first date on which the closing price of common stock of the Company is equal to or exceeds eight times the exercise price of the options, subject to acceleration or forfeiture.
In no event shall all or any portion of the option be exercisable after the tenth anniversary of the date of grant (such ten-year period, the "Option Period"), and any unexercised portion of the option shall terminate at the end of the Option Period. Subject to certain exceptions in connection with the death, disability or termination of the reporting person without cause or for good reason, the option may only be exercised while the reporting person is employed by the Company or one of its subsidiaries.
Stephen H. Gray, Attorney-in-Fact
2020-01-31