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

Jul 31, 2017

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2017-07-27

Reporting Person: DAVILA JOSEPH A. (President, Servicer Solutions)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2017-07-27	Common Stock	A	5000.0000	$0.0000	Acquired	14178.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2017-07-27	Stock Options	$27.6500	A	5000.0000	Acquired	2027-07-27	Common Stock (5000.0000)	Direct

Footnotes

F1: On July 27, 2017, Mr. Davila was granted 5,000 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 grant date (i.e., July 27, 2018, July 27, 2019 and July 27, 2020). Mr. Davila has no voting rights with respect to these shares until they vest.

F2: Includes (i) 3,733 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) 1,508 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. Davila has no voting rights with respect to these shares until they vest.

F3: On July 27, 2017, Mr. Davila was granted 5,000 market-based options. 3,333 of the market-based options vest in 3 increments: (a) 1,111 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, 1,111 of the options vest on each of the first two anniversaries of the initial vesting. The remaining 1,667 market-based options vest in 3 increments: (a) 555 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, 556 of the options vest on each of the first two anniversaries of the initial vesting.