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

Feb 27, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2020-02-25

Reporting Person: Shepro William B (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-25	Common Stock	G	10153.0000	$0.0000	Acquired	451850.0000	Indirect
2020-02-25	Common Stock	G	10153.0000	$0.0000	Disposed	4309.0000	Direct
2020-02-25	Common Stock	F	9068.0000	$18.9100	Disposed	14462.0000	Direct
2020-02-25	Common Stock	M	19221.0000	$0.0000	Acquired	23530.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-25	Restricted Share Units	$0.0000	M	13729.0000	Disposed		Common Stock (27458.0000)	Direct
2020-02-25	Restricted Share Units	$0.0000	M	5492.0000	Disposed		Common Stock (10983.0000)	Direct

Footnotes

F1: 19,221 shares of ASPS common stock received upon the vesting of previously granted restricted share units ("RSUs") pursuant to an award under the 2009 Equity Incentive Plan, as amended and the 2018 Annual 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 19,221 RSUs vesting into shares reported above, 9,068 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 10,153 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 February 25, 2020.

F4: Represents a transfer by gift by Mr. Shepro of 10,153 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.

F5: Represents the vesting of RSUs. The remaining 5,491 RSUs are scheduled to vest on the second anniversary of the February 25, 2019 grant date (i.e., February 25, 2021). Each RSU represents a contingent right to receive one share of ASPS common stock.

F6: Represents the vesting of RSUs. The remaining 13,729 RSUs are scheduled to vest on the second anniversary of the February 25, 2019 grant date (i.e., February 25, 2021). Each RSU represents a contingent right to receive one share of ASPS common stock.