ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2017

Oct 10, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2017-10-05

Reporting Person: Chatterjee Indroneel (Chief Financial Officer)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-10-05	Common Stock	A	19533.0000	$0.0000	Acquired	19533.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-10-05	Stock Options	$27.2900	A	20000.0000	Acquired	2027-10-05	Common Stock (20000.0000)	Direct

Footnotes

F1: Upon joining on October 5, 2017, Mr. Chatterjee was granted 19,533 time-based restricted shares of ASPS common stock, which are scheduled to vest in four equal installments on the first, second, third and fourth anniversaries of the October 5, 2017 grant date (i.e., October 5, 2018, October 5, 2019, October 5, 2020 and October 5, 2021). Mr. Chatterjee has no voting rights with respect to these shares until they vest.

F2: Upon joining on October 5, 2017, Mr. Chatterjee was granted 20,000 market-based options. 13,333 of the market-based options vest in 3 increments: (a) 4,444 of the options vest when: (i) the share price doubles the exercise price and (ii) investors achieve a 20% Annualized Rate of Return based on the exercise price; and (b) thereafter, 4,444 of the options vest on the first anniversary of the initial vesting and 4,445 of the options vest on the second anniversary of the initial vesting. The remaining 6,667 market-based options vest in 3 increments: (a) 2,222 of the options vest when: (i) the share price triples the exercise price and (ii) investors achieve a 25% Annualized Rate of Return based on the exercise price; and (b) thereafter, 2,222 of the options vest on the first anniversary of the initial vesting and 2,223 of the options vest on the second anniversary of the initial vesting.