ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2014

Oct 10, 2014

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2014-10-01

Reporting Person: RITTS GREGORY J. (General Counsel)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2014-10-01	Stock Options	$96.8700	A	30000.0000	Acquired	2024-10-01	Common Stock (30000.0000)	Direct

Footnotes

F1: Upon joining Altisource on October 1, 2014, Mr. Ritts was granted 30,000 options. The vesting schedule is as follows: (1) Time-Based. 7,500 Options (25%) vest in 4 increments, beginning on the anniversary of the grant date. (2) Performance-Based. 15,000 Options (50%) vest in 4 increments: 1/4 of the options vest when: (x) the share price doubles the exercise price and (y) investors achieve a 20% Annualized Rate of Return based on the exercise price. Thereafter, 1/4 of the Options vest each anniversary of the initial vesting. (3) Extraordinary Performance-Based. The remaining 7,500 Options (25%) vest in 4 increments: 1/4 of the Options vest when: (x) the share price triples the exercise price and (y) investors achieve a 25% Annualized Rate of Return based on the exercise price. Thereafter, 1/4 of the Options vest each anniversary of the initial vesting.