ALTISOURCE PORTFOLIO SOLUTIONS S.A. — Director's Dealing 2020

Oct 2, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2020-10-01

Reporting Person: MASTIONI MARCELLO (N/A)

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-10-01	Restricted Share Units	$0.0000	A	25000.0000	Acquired		Common Stock (25000.0000)	Direct
2020-10-01	Restricted Share Units	$0.0000	A	6250.0000	Acquired		Common Stock (6250.0000)	Direct

Footnotes

F1: On October 1, 2020, Mr. Mastioni was granted 31,250 restricted share units ("RSUs") under the 2009 Equity Incentive Plan; 20% (6,250) of the RSUs are time-based and 80% (25,000) of the RSUs are performance-based. Each RSU represents a contingent right to receive one share of ASPS common stock.

F2: Vesting schedule for time-based RSUs: The RSUs are scheduled to vest in three equal installments on the first, second and third anniversaries of the grant date (i.e., October 1, 2021, October 1, 2022 and October 1, 2023).

F3: Vesting schedule for performance-based RSUs: (i) 10% of the RSUs will begin vesting when the average closing price of ASPS common stock over a period of 30 calendar days reaches $20, with one-half vesting immediately upon the achievement of such criteria and the remainder vesting on the first anniversary of the date of initial vesting; (ii) 30% of the RSUs will begin vesting when the average closing price of ASPS common stock over a period of 30 calendar days reaches $25, with one-half vesting immediately upon the achievement of such criteria and the remainder vesting on the first anniversary of the date of initial vesting; and (iii) 40% of the RSUs will begin vesting when the average closing price of ASPS common stock over a period of 30 calendar days reaches $35, with one-half vesting immediately upon the achievement of such criteria and the remainder vesting on the first anniversary of the date of initial vesting.