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

May 30, 2014

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2014-05-21

Reporting Person: BHANDARI VIVEK (President, Financial Services)

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$21.0800	2020-01-25	Common Stock (6561.0000)		Direct

Footnotes

F1: On January 25, 2010, Mr. Bhandari was granted 15,000 options. The vesting schedule is as follows: (1) Time-Based. 3,750 Options(25%) vest in 4 increments, beginning on the anniversary of the grant date. (2) Performance-Based. 7,500 Options (50%) vest in 4increments: 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 3,750 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.

F2: 2,813 of the Time-Based Options were previously exercised, and the remaining 937 are currently vested. 3,750 of thePerformance-Based Options were previously exercised; of the remaining 3,750, 1,875 are currently vested, with the remaining1,875 vesting on November 11, 2014. 1,876 of the Extraordinary Performance-Based Options were previously exercised, with theremaining 1,874 vesting in two equal annual increments on June 8, 2014 and 2015.