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

Mar 24, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2020-03-21

Reporting Person: Shepro William B (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-03-21	Common Stock	G	4322.0000	$0.0000	Acquired	456172.0000	Indirect
2020-03-21	Common Stock	G	4322.0000	$0.0000	Disposed	4309.0000	Direct
2020-03-21	Common Stock	F	3861.0000	$8.2600	Disposed	8631.0000	Direct
2020-03-21	Common Stock	A	8183.0000	$0.0000	Acquired	12492.0000	Direct

Footnotes

F1: 8,183 shares of ASPS common stock received upon the vesting of previously granted performance-based restricted share units ("RSUs") pursuant to an award under the 2019 Long Term Incentive Plan.

F2: Includes 4,309 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) on the third anniversary of the April 7, 2017 grant date (i.e., April 7, 2020). Mr. Shepro has no voting rights with respect to these shares until they vest.

F3: Of the 8,183 RSUs vesting into shares reported above, 3,861 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 4,322 shares. Pursuant to the terms of the award agreement, the price per share used to determine the tax withholdings was the opening price of ASPS common stock on March 23, 2020.

F4: Represents a transfer by gift by Mr. Shepro of 4,322 shares of ASPS common stock acquired upon the vesting of RSUs from his direct ownership to the William B. Shepro Revocable Trust. This transaction is reportable on Form 5, but Mr. Shepro is voluntarily reporting early on Form 4.