Filing Details
- Accession Number:
- 0000891836-19-000015
- Form Type:
- 13D Filing
- Publication Date:
- 2019-03-06 16:32:02
- Filed By:
- Erbey William C
- Company:
- Altisource Asset Management Corp (NYSE:AAMC)
- Filing Date:
- 2019-03-06
- SEC Url:
- 13D Filing
Ownership Summary
Please notice the below summary table is generated without human intervention and may contain errors. Please refer to the complete filing displayed below for exact figures.
| Name | Sole Voting Power | Shared Voting Power | Sole Dispositive Power | Shared Dispositive Power | Aggregate Amount Owned Power | Percent of Class |
|---|---|---|---|---|---|---|
| William C. Erbey ( Mr. Erbey ) | 707,322 | 83,427 | 707,322 | 83,427 | 790,749 | 49.9% |
| E. Elaine Erbey | 0 | 83,427 | 0 | 83,427 | 83,427 | 5.26% |
| Christiansted Trust | 0 | 681,029 | 0 | 681,029 | 681,029 | 43.0% |
| Frederiksted Trust | 0 | 681,029 | 0 | 681,029 | 681,029 | 43.0% |
| Salt Pond Holdings | 0 | 681,029 | 0 | 681,029 | 681,029 | 43.0% |
| Erbey Holding Corporation, Inc | 0 | 681,029 | 0 | 681,029 | 681,029 | 43.0% |
| Carisma Trust | 0 | 707,322 | 0 | 707,322 | 707,322 | 44.6% |
| Venia | 0 | 707,322 | 0 | 707,322 | 707,322 | 44.6% |
Filing
| UNITED STATES SECURITIES AND EXCHANGE
COMMISSION |
| Washington D.C. 20549 |
| SCHEDULE 13D/A |
| (Rule 13d-101) |
| INFORMATION TO BE INCLUDED IN
STATEMENTS FILED PURSUANT TO § 240.13d-1(a) AND AMENDMENTS THERETO FILED PURSUANT TO § 240.13D-2(a) UNDER THE SECURITIES EXCHANGE
ACT OF 1934 |
| (Amendment No. 5)* |
| Altisource Asset Management
Corporation |
| (Name of Issuer) |
| Common Stock, par value
$0.01 per share |
| (Title of Class of
Securities) |
| 02153X108 |
| (CUSIP Number) |
| William C. Erbey |
| P.O. Box 25437 |
| Christiansted, United States
Virgin Islands 00824 |
| (340) 692-1055 |
| (Name, Address and Telephone
Number of Person Authorized to Receive Notices and Communications) |
| March 1, 2019 |
| (Date of Event Which
Requires Filing of this Statement) |
If
the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§ 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.
☐
Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.
*The
remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter disclosures provided
in a prior cover page.
The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the
Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however,
see the Notes).
| CUSIP No. 02153X108 | Schedule 13D | Page 2 |
| 1. | Names of Reporting Persons | ||
| | | ||
| | William C. Erbey (“Mr. Erbey”) | ||
| 2. | Check the Appropriate Box if a Member of a Group
(See Instructions) | ||
| | | ||
| | (a) ☒ | ||
| | (b) ☐ | ||
| 3. | SEC Use Only | ||
| | | ||
| 4. | Source of Funds (See Instructions) | ||
| | | ||
| | OO | ||
| 5. | Check if Disclosure of Legal Proceedings Is
Required Pursuant to Item 2(d) or 2(e) ☐ | ||
| | | ||
| 6. | Citizenship or Place of Organization | ||
| | | ||
| | U.S.A. | ||
| Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power | |
| | | ||
| | 707,322 (1) | ||
| 8. | Shared Voting Power | ||
| | | ||
| | 83,427 (2) | ||
| 9. | Sole Dispositive Power | ||
| | | ||
| | 707,322 (1) | ||
| 10. | Shared Dispositive Power | ||
| | | ||
| | 83,427 (2) | ||
| 11. | Aggregate Amount Beneficially Owned by Each
Reporting Person | ||
| | | ||
| | 790,749 (3) | ||
| 12. | Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) ☐ | ||
| | | ||
| 13. | Percent of Class Represented by Amount in Row (11) | ||
| | | ||
| | 49.9%* | ||
| 14. | Type of Reporting Person (See Instructions) | ||
| | | ||
| | IN | ||
____________
| (1) | Includes (a) 26,293 shares of common stock held by the Carisma Trust, a Nevada trust, the trustee of which is Venia, LLC, a Nevada limited liability company (“Venia”) and (b) 681,029 shares of common stock held by Salt Pond Holdings, LLC, a U.S. Virgin Islands limited liability company (“Salt
Pond”) of which the Christiansted Trust, a U.S. Virgin Islands trust (the “C-Trust”), the Frederiksted Trust, a U.S. Virgin Islands trust (the “F-Trust”), and Erbey Holding Corporation, Inc., a Delaware corporation (“Erbey Holding”) are
members. Erbey Holding is wholly owned by the Carisma Trust, the trustee of which is Venia (together with Mr. Erbey, E. Elaine Erbey (“Mrs. Erbey”), Erbey Holding,
Salt Pond, the C-Trust, the F-Trust and the Carisma Trust, the “Reporting Persons”). The members of Venia are Mrs. Erbey, John Erbey (Mr. Erbey’s brother) and
Andrew Burnett, although Mr. Erbey is given sole investment and voting control over any securities owned by Venia or the Carisma Trust. Mr. Erbey, John Erbey, Mrs. Erbey and Salt Pond are co-trustees of the C-Trust. Mr. Erbey, John Erbey,
and Salt Pond are co-trustees of the F-Trust. Mr. Erbey, Erbey Holding, the C-Trust, the F-Trust, the Carisma Trust and Venia each may be deemed to beneficially own the 681,029 shares of common stock held by Salt Pond. |
| (2) | Shares of common stock held by his spouse, Mrs. Erbey. |
| (3) | Includes (a) 83,427 shares of common stock held by Mrs. Erbey; (b) 26,293 shares of common stock held by the Carisma Trust; and (c) 681,029
shares of common stock held by Salt Pond. |
| CUSIP No. 02153X108 | Schedule 13D | Page 3 |
| 1. | Names of Reporting Persons | ||
| | | ||
| | E. Elaine Erbey | ||
| 2. | Check the Appropriate Box if a Member of a Group
(See Instructions) | ||
| | | ||
| | (a) ☒ | ||
| | (b) ☐ | ||
| 3. | SEC Use Only | ||
| | | ||
| 4. | Source of Funds (See Instructions) | ||
| | | ||
| | OO | ||
| 5. | Check if Disclosure of Legal Proceedings Is
Required Pursuant to Item 2(d) or 2(e) ☐ | ||
| | | ||
| 6. | Citizenship or Place of Organization | ||
| | | ||
| | U.S.A. | ||
| Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power | |
| | | ||
| | 0 | ||
| 8. | Shared Voting Power | ||
| | | ||
| | 83,427 (4) | ||
| 9. | Sole Dispositive Power | ||
| | | ||
| | 0 | ||
| 10. | Shared Dispositive Power | ||
| | | ||
| | 83,427 (4) | ||
| 11. | Aggregate Amount Beneficially Owned by Each
Reporting Person | ||
| | | ||
| | 83,427 (4) | ||
| 12. | Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) ☐ | ||
| | | ||
| 13. | Percent of Class Represented by Amount in Row
(11) | ||
| | | ||
| | 5.26%* | ||
| 14. | Type of Reporting Person (See Instructions) | ||
| | | ||
| | IN | ||
____________
| (4) | Shares held directly by Mrs. Erbey. |
| CUSIP No. 02153X108 | Schedule 13D | Page 4 |
| 1. | Names of Reporting Persons | ||
| | | ||
| | Christiansted Trust | ||
| 2. | Check the Appropriate Box if a Member of a
Group (See Instructions) | ||
| | | ||
| | (a) ☒ | ||
| | (b) ☐ | ||
| 3. | SEC Use Only | ||
| | | ||
| 4. | Source of Funds (See Instructions) | ||
| | | ||
| | OO | ||
| 5. | Check if Disclosure of Legal Proceedings Is
Required Pursuant to Item 2(d) or 2(e) ☐ | ||
| | | ||
| 6. | Citizenship or Place of Organization | ||
| | | ||
| | U.S. Virgin Islands | ||
| Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power | |
| | | ||
| | 0 | ||
| 8. | Shared Voting Power | ||
| | | ||
| | 681,029 (5) | ||
| 9. | Sole Dispositive Power | ||
| | | ||
| | 0 | ||
| 10. | Shared Dispositive Power | ||
| | | ||
| | 681,029 (5) | ||
| 11. | Aggregate Amount Beneficially Owned by Each
Reporting Person | ||
| | | ||
| | 681,029 (5) | ||
| 12. | Check if the Aggregate Amount in Row (11)
Excludes Certain Shares (See Instructions) ☐ | ||
| | | ||
| 13. | Percent of Class Represented by Amount in Row
(11) | ||
| | | ||
| | 43.0%* | ||
| 14. | Type of Reporting Person (See Instructions) | ||
| | | ||
| | OO | ||
____________
| (5) | Includes 681,029 shares of common stock held by Salt Pond Holdings, LLC. |
| CUSIP No. 02153X108 | Schedule 13D | Page 5 |
| 1. | Names of Reporting Persons | ||
| | | ||
| | Frederiksted Trust | ||
| 2. | Check the Appropriate Box if a Member of a Group
(See Instructions) | ||
| | | ||
| | (a) ☒ | ||
| | (b) ☐ | ||
| 3. | SEC Use Only | ||
| | | ||
| 4. | Source of Funds (See Instructions) | ||
| | | ||
| | OO | ||
| 5. | Check if Disclosure of Legal Proceedings Is
Required Pursuant to Item 2(d) or 2(e) ☐ | ||
| | | ||
| 6. | Citizenship or Place of Organization | ||
| | | ||
| | U.S. Virgin Islands | ||
| Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power | |
| | | ||
| | 0 | ||
| 8. | Shared Voting Power | ||
| | | ||
| | 681,029 (6) | ||
| 9. | Sole Dispositive Power | ||
| | | ||
| | 0 | ||
| 10. | Shared Dispositive Power | ||
| | | ||
| | 681,029 (6) | ||
| 11. | Aggregate Amount Beneficially Owned by Each
Reporting Person | ||
| | | ||
| | 681,029 (6) | ||
| 12. | Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) ☐ | ||
| | | ||
| 13. | Percent of Class Represented by Amount in Row (11) | ||
| | | ||
| | 43.0%* | ||
| 14. | Type of Reporting Person (See Instructions) | ||
| | | ||
| | OO | ||
__________
| (6) | Includes 681,029 shares of common stock held by Salt Pond Holdings, LLC. |
| CUSIP No. 02153X108 | Schedule 13D | Page 6 |
| 1. | Names of Reporting Persons | ||
| | | ||
| | Salt Pond Holdings, LLC | ||
| 2. | Check the Appropriate Box if a Member of a Group
(See Instructions) | ||
| | | ||
| | (a) ☒ | ||
| | (b) ☐ | ||
| 3. | SEC Use Only | ||
| | | ||
| 4. | Source of Funds (See Instructions) | ||
| | | ||
| | OO | ||
| 5. | Check if Disclosure of Legal Proceedings Is
Required Pursuant to Item 2(d) or 2(e) ☐ | ||
| | | ||
| 6. | Citizenship or Place of Organization | ||
| | | ||
| | U.S. Virgin Islands | ||
| Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power | |
| | | ||
| | 0 | ||
| 8. | Shared Voting Power | ||
| | | ||
| | 681,029 (7) | ||
| 9. | Sole Dispositive Power | ||
| | | ||
| | 0 | ||
| 10. | Shared Dispositive Power | ||
| | | ||
| | 681,029 (7) | ||
| 11. | Aggregate Amount Beneficially Owned by Each
Reporting Person | ||
| | | ||
| | 681,029 (7) | ||
| 12. | Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) ☐ | ||
| | | ||
| 13. | Percent of Class Represented by Amount in Row (11) | ||
| | | ||
| | 43.0%* | ||
| 14. | Type of Reporting Person (See Instructions) | ||
| | | ||
| | OO | ||
___________
| (7) | Shares held directly by Salt Pond Holdings, LLC. |
| CUSIP No. 02153X108 | Schedule 13D | Page 7 |
| 1. | Names of Reporting Persons | ||
| | | ||
| | Erbey Holding Corporation, Inc. | ||
| 2. | Check the Appropriate Box if a Member of a Group
(See Instructions) | ||
| | | ||
| | (a) ☒ | ||
| | (b) ☐ | ||
| 3. | SEC Use Only | ||
| | | ||
| | | ||
| 4. | Source of Funds (See Instructions) | ||
| | | ||
| | OO | ||
| 5. | Check if Disclosure of Legal Proceedings Is
Required Pursuant to Item 2(d) or 2(e) ☐ | ||
| | | ||
| 6. | Citizenship or Place of Organization | ||
| | | ||
| | Delaware | ||
| Number of Shares Beneficially Owned by Each Reporting Person With | 7. | Sole Voting Power | |
| | | ||
| | 0 | ||
| 8. | Shared Voting Power | ||
| | | ||
| | 681,029 (8) | ||
| 9. | Sole Dispositive Power | ||
| | | ||
| | 0 | ||
| 10. | Shared Dispositive Power | ||
| | | ||
| | 681,029 (8) | ||
| 11. | Aggregate Amount Beneficially Owned by Each
Reporting Person | ||
| | | ||
| | 681,029 (8) | ||
| 12. | Check if the Aggregate Amount in Row (11) Excludes
Certain Shares (See Instructions) ☐ | ||
| | | ||
| 13. | Percent of Class Represented by Amount in Row (11) | ||
| | | ||
| | 43.0%* | ||
| 14. | Type of Reporting Person (See Instructions) | ||
| | | ||
| | CO | ||
____________
| (8) | Includes 681,029 shares held by Salt Pond Holdings, LLC. |
SIGNATURES
After reasonable inquiry and
to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
| Dated: March 6, 2019 | ||||
| /s/ William C. Erbey | ||||
| William C. Erbey | ||||
| /s/ E. Elaine Erbey | ||||
| E. Elaine Erbey | ||||
| Christiansted Trust | ||||
| By: | /s/ William C. Erbey | |||
| Name: William C. Erbey | ||||
| Co-Trustee | ||||
| By: | /s/ E. Elaine Erbey | |||
| Name: E. Elaine Erbey | ||||
| Co-Trustee | ||||
| By: | /s/ John R. Erbey | |||
| Name: John R. Erbey | ||||
| Co-Trustee | ||||
| By: | /s/ William C. Erbey | |||
| Name: Salt Pond Holdings, LLC | ||||
| Title: Co-Trustee | ||||
| Signed By: | ||||
| Name: | William C. Erbey | |||
| Title: | President | |||
| Frederiksted Trust | ||||
| By: | /s/ William C. Erbey | |||
| Name: William C. Erbey | ||||
| Co-Trustee | ||||
| By: | /s/ John R. Erbey | |||
| Name: John R. Erbey | ||||
| Co-Trustee | ||||
| By: | /s/ William C. Erbey | |||
| Name: Salt Pond Holdings, LLC Title: Co-Trustee Signed By: | ||||
| Name: William C. Erbey | ||||
| Title: President | ||||
| Erbey Holding Corporation, Inc. | ||||
| By: | Carisma Trust, its Sole Shareholder | |||
| By: | Venia, LLC, Carisma Trust’s Sole Trustee | |||
| By: | /s/ E. Elaine Erbey | |||
| Name: E. Elaine Erbey | ||||
| Title: Member | ||||
| Carisma Trust | ||||
| By: | Venia, LLC, its Sole Trustee | |||
| By: | /s/ E. Elaine Erbey | |||
| Name: E. Elaine Erbey | ||||
| Title: Member | ||||
| Venia, LLC | ||||
| By: | /s/ E. Elaine Erbey | |||
| Name: E. Elaine Erbey | ||||
| Title: Member | ||||
| Salt Pond Holdings, LLC | ||||
| By: | /s/ William C. Erbey | |||
| Name: William C. Erbey | ||||
| Title: President | ||||