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

Mar 27, 2017

SEC Form 3 — Initial Statement of Beneficial Ownership

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2017-03-21

Reporting Person: Deer Park Road Management Company, LP (N/A)

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	1537275	Indirect
Common Stock	43399	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Call Option (Right to Buy)	$25	2017-04-21	Common Stock (15000)		Indirect
Call Option (Right to Buy)	$30	2017-04-21	Common Stock (323400)		Indirect

Footnotes

F1: These shares of the issuer's common stock ("Shares") and options to acquire Shares are held for the account of STS Master Fund, Ltd. Deer Park Road Management Company, LP ("Deer Park") serves as investment adviser to STS Master Fund, Ltd.

F2: These Shares and options to acquire Shares are held for the account of SBF Opportunities Master Fund Limited. Deer Park serves as investment adviser to SBF Opportunities Master Fund Limited.

F3: Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Deer Park Road Corporation ("DPRC") is the managing member of DPRM. Michael David Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the sole owner of DPRC. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.