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

Nov 2, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2015-10-29

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-10-29	Common Stock	M	13230.0000	$11.0200	Acquired	69830.0000	Direct
2015-11-02	Common Stock	G	13230.0000	$0.0000	Disposed	56600.0000	Direct
2015-11-02	Common Stock	A	13230.0000	$0.0000	Acquired	82639.0000	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-10-29	Stock Options	$11.0200	M	13230.0000	Disposed	2016-01-31	Common Stock (13230.0000)	Direct

Footnotes

F1: These options were granted pursuant to an employee stock option award that expires in January 2016.

F2: 13,230 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).