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

Sep 5, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2017-09-01

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

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-05-09	Common Stock	G	9966	—	Disposed	50660	Direct
2017-05-09	Common Stock	G	9966	—	Acquired	150318	Indirect
2017-09-01	Common Stock	M	56250	$9.14	Acquired	106910	Direct
2017-09-01	Common Stock	G	56250	—	Disposed	50660	Direct
2017-09-01	Common Stock	G	56250	—	Acquired	206568	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-09-01	Stock Options	$9.14	M	1563	Disposed	2018-07-14	Common Stock (1563)	Direct
2017-09-01	Stock Options	$9.14	M	17188	Disposed	2018-07-14	Common Stock (17188)	Direct
2017-09-01	Stock Options	$9.14	M	17188	Disposed	2018-07-14	Common Stock (17188)	Direct
2017-09-01	Stock Options	$9.14	M	20311	Disposed	2018-07-14	Common Stock (20311)	Direct

Footnotes

F1: Represents a transfer by Mr. Shepro of 9,966 shares from his direct ownership to his indirect ownership, which took place on or around May 9, 2017. The transfer to the William B. Shepro Revocable Trust is reportable on Form 5, but Mr. Shepro is voluntarily reporting early on Form 4.

F2: Acquired by the exercise of options granted pursuant to a stock option award that expires on July 14, 2018. Mr. Shepro elected to pay the exercise price and taxes associated with all 56,250 exercised options and retain the resulting 56,250 shares through the William B. Shepro Revocable Trust.

F3: 56,250 shares were acquired upon the exercise of options and transferred by gift to the William B. Shepro Revocable Trust. The transfer to the William B. Shepro Revocable Trust is reportable on Form 5, but Mr. Shepro is voluntarily reporting early on Form 4.

F4: Includes (i) 37,733 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) in two equal installments on the third and fourth anniversaries of the April 15, 2015 grant date (i.e., April 15, 2018 and April 15, 2019) and (ii) 12,927 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) in three equal installments on the first, second and third anniversaries of the April 7, 2017 grant date (i.e., April 7, 2018, April 7, 2019 and April 7, 2020). Mr. Shepro has no voting rights with respect to these shares until they vest.

F5: Following the reported transaction, Mr. Shepro holds 168,751 vested options relating to this grant and an additional 274,933 vested options from other grants for a total of 443,684 vested options.