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