ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2015

Dec 15, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2015-12-11

Reporting Person: Shepro William B (Director, Chief Executive Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-12-11	Common Stock	M	9459.0000	$13.5800	Acquired	66059.0000	Direct
2015-12-11	Common Stock	G	9459.0000	$0.0000	Disposed	56600.0000	Direct
2015-12-11	Common Stock	A	9459.0000	$0.0000	Acquired	92098.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-12-11	Stock Options	$13.5800	M	9459.0000	Disposed	2017-05-10	Common Stock (9459.0000)	Direct

Footnotes

F1: Represents exercise of all outstanding options granted in May 2007 with an expiration date of May 10, 2017, which Mr. Shepro currently intends to hold through the William B. Shepro Irrevocable Trust.

F2: 9,459 shares of Common Stock were acquired upon exercise of options and such shares were transferred by the reporting person to the William B. Shepro Revocable Trust. The transfer to the William B. Shepro Revocable Trust is reportable on Form 5, but the reporting person is voluntarily reporting early on Form 4.

F3: Represents 56,600 restricted shares of ASPS common stock, which are scheduled to vest in three equal installments on the second, third and fourth anniversaries of the April 15, 2015 grant date (i.e., April 15, 2017, April 15, 2018 and April 15, 2019).