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

Jul 27, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2015-07-23

Reporting Person: Luxor Capital Group, LP (10% Owner)
Reporting Person: LUXOR CAPITAL PARTNERS OFFSHORE LTD (10% Owner)
Reporting Person: Luxor Capital Partners, LP (10% Owner)
Reporting Person: Luxor Wavefront, LP (10% Owner)
Reporting Person: LCG HOLDINGS LLC (10% Owner)
Reporting Person: Thebes Partners Offshore, Ltd. (10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2015-07-23	Common Stock	S	12078	$39.9000	Disposed	924151	Indirect
2015-07-23	Common Stock	S	17090	$39.5434	Disposed	907061	Indirect
2015-07-23	Common Stock	S	74240	$39.5000	Disposed	832821	Indirect
2015-07-23	Common Stock	S	24227	$39.9000	Disposed	1011008	Indirect
2015-07-23	Common Stock	S	34277	$39.5434	Disposed	976731	Indirect
2015-07-23	Common Stock	S	148908	$39.5000	Disposed	827823	Indirect
2015-07-23	Common Stock	S	4542	$39.9000	Disposed	209696	Indirect
2015-07-23	Common Stock	S	6427	$39.5434	Disposed	203269	Indirect
2015-07-23	Common Stock	S	27920	$39.5000	Disposed	175349	Indirect
2015-07-23	Common Stock	S	1453	$39.9000	Disposed	44087	Indirect
2015-07-23	Common Stock	S	2056	$39.5434	Disposed	42031	Indirect
2015-07-23	Common Stock	S	8932	$39.5000	Disposed	33099	Indirect

Footnotes

F1: This Form 4 is filed jointly by Luxor Capital Group, LP ("Luxor Capital Group"), Luxor Capital Partners, LP ("Onshore Fund"), Luxor Capital Partners Offshore, Ltd. ("Offshore Feeder Fund"), Thebes Partners Offshore, Ltd. ("Thebes Feeder Fund"), Luxor Wavefront, LP ("Wavefront Fund"), LCG Holdings, LLC ("LCG Holdings"), Luxor Management, LLC ("Luxor Management") and Christian Leone (collectively, the "Reporting Persons"). Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein.

F2: Shares owned directly by Wavefront Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Wavefront Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Wavefront Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the shares of Common Stock owned directly by Wavefront Fund.

F3: Shares owned directly by Onshore Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Onshore Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Onshore Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the shares of Common Stock owned directly by Onshore Fund.

F4: Shares owned directly by Luxor Capital Partners Offshore Master Fund, LP ("Offshore Master Fund"). Offshore Feeder Fund, as the owner of a controlling interest in Offshore Master Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Offshore Master Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Offshore Master Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Offshore Master Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the shares of Common Stock owned directly by Offshore Master Fund.

F5: Shares owned directly by Thebes Offshore Master Fund, LP ("Thebes Master Fund"). Thebes Feeder Fund, the owner of a controlling interest in, and together with a minority investor, the owner of 100% of the interests in Thebes Master Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Thebes Master Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Thebes Master Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Thebes Master Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the shares of Common Stock owned directly by Thebes Master Fund.