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

Feb 13, 2015

SEC Form 4/A — Form 4/A

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2015-02-10

Reporting Person: Esterman Michelle D. (Chief Financial Officer)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2015-02-10	Stock Options	$21.8900	A	25000.0000	Acquired	2025-02-10	Common Stock (25000.0000)	Direct

Footnotes

F1: This Amendment has been filed solely to correct the address of the reporting person.

F2: On February 10, 2015, Ms. Esterman was granted 25,000 options. The vesting schedule is as follows: (1) Time Based. 6,250 options (25%) vest in 4 increments, beginning on the anniversary of the grant date; (2) Performance Based. 12,500 options (50%) vest in 4 increments: 1/4 of the options vest when (a) the share price doubles the exercise price and (b) 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; and (3) Extraordinary Performance Based. The remaining 6,250 options (25%) vest in 4 increments. 1/4 of the options vest: (a) when the share price triples the exercise price and (b) 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.