Filing Details

 

 

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. 4)*

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)

December 7, 2017

(Date of Event Which Requires Filing of this Statement)

 

 

(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) 623,803 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 623,803 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) 623,803 shares of common stock held by Salt Pond.

 

 

 

 

 

 

 

1.	Names of Reporting Persons
	Carisma Trust
2.	Check the Appropriate Box if a Member of a Group (See Instructions)
	(a)  T
	(b)  £
3.	SEC Use Only
4.	Source of Funds (See Instructions)
	N/A
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)   o
6.	Citizenship or Place of Organization
	Nevada
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power
			0
		8.	Shared Voting Power
			650,096 (9)
		9.	Sole Dispositive Power
			0
		10.	Shared Dispositive Power
			650,096 (9)
11.	Aggregate Amount Beneficially Owned by Each Reporting Person
	650,096 (9)
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
13.	Percent of Class Represented by Amount in Row (11)
	40.8%*
14.	Type of Reporting Person (See Instructions)
	OO

___________

 

(9)   Includes (a) 26,293 shares held directly by the Carisma Trust and (b) 623,803 shares held by Salt Pond Holdings, LLC.

 

 

1.	Names of Reporting Persons
	Venia, LLC
2.	Check the Appropriate Box if a Member of a Group (See Instructions)
	(a)  T
	(b)  £
3.	SEC Use Only
4.	Source of Funds (See Instructions)
	N/A
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)   o
6.	Citizenship or Place of Organization
	Nevada
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power
			0
		8.	Shared Voting Power
			650,096 (10)
		9.	Sole Dispositive Power
			0
		10.	Shared Dispositive Power
			650,096 (10)
11.	Aggregate Amount Beneficially Owned by Each Reporting Person
	650,096 (10)
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
13.	Percent of Class Represented by Amount in Row (11)
	40.8%*
14.	Type of Reporting Person (See Instructions)
	OO

___________

 

(10) Includes (a) 26,293 shares held by the Carisma Trust and (b) 623,803 shares held by Salt Pond Holdings, LLC.

 

 

This Amendment No. 4 to Schedule 13D (“Amendment No. 4”) amends and supplements the statement on Schedule 13D (the “Original Schedule 13D”) originally filed jointly by William C. Erbey (the “Principal Reporting Person”), his spouse E. Elaine Erbey (“Mrs. Erbey”), FF Plaza Limited Partnership (“FF Plaza”), Delaware Permanent Corporation (“Delaware Permanent”), Salt Pond Holdings, LLC, a U.S. Virgin Islands limited liability company (“Salt Pond”) and Erbey Holding Corporation, Inc., a Delaware corporation (“Erbey Holding”) with the Securities and Exchange Commission on January 8, 2013 (as amended by Amendment No. 1 originally filed on March 5, 2015, Amendment No. 2 originally filed on April 12, 2016 and Amendment No. 3 originally filed on November 23, 2016 (“Amendment No. 3”),  the “Schedule 13D”).  This Amendment 4 is filed by the Principal Reporting Person, Mrs. Erbey, Erbey Holding, Salt Pond, the Christiansted Trust, the Frederiksted Trust, the Carisma Trust and Venia, LLC, a Nevada limited liability company (“Venia”) (collectively, the “Reporting Persons”).  The Principal Reporting Person beneficially owns all of the shares of Altisource Asset Management Corporation, a company organized under the laws of the U.S. Virgin Islands (the “Issuer”) beneficially owned by all of the Reporting Persons.  Since the filing of Amendment No. 3, the Principal Reporting Person transferred his directly held interest in Erbey Holding and 26,293 shares of the Issuer to the Carisma Trust, the trustee of which is Venia.  The transfer of the Principal Reporting Person’s interest in Erbey Holding and the shares of the Issuer did not change the Principal Reporting Person’s beneficial ownership of shares of the Issuer.  This Amendment No. 4 reflects the reorganization of ownership of shares of the Issuer by the Principal Reporting Person.

Item 1.  Security and Issuer.

The securities to which this Schedule 13D relates are the shares of common stock, par value $0.01 per share (“Common Stock”), of the Issuer.  The principal executive offices of the Issuer are located at 36C Strand St., Christiansted, U.S. Virgin Islands 00820.

Item 2. Identity and Background.

Item 2 is amended and restated in its entirety as follows:

 

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