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: HYNES MARK J. (President, Technology Services)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	14460.0000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Stock Options	$21.0800	2020-01-25	Common Stock (80000.0000)		Direct

Footnotes

F1: On January 25, 2010, Mr. Hynes was granted 80,000 options. The vesting schedule is as follows: (1) Time-Based. 20,000 Options (25%) vest in 4 increments, beginning on the anniversary of the grant date. (2) Performance-Based. 40,000 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 20,000 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: All of the Time-Based Options are currently vested. 30,000 of the Performance-Based Options are currently vested, with the remaining 10,000 vesting on November 11, 2014. 10,000 of the Extraordinary Performance-Based Options are currently vested, with the remaining 10,000 vesting in two equal annual increments on June 8, 2014 and 2015.