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: RITTS GREGORY J. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-25	Common Stock	F	1309.0000	$18.9100	Disposed	22286.0000	Direct
2020-02-25	Common Stock	M	2776.0000	$0.0000	Acquired	23595.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-25	Restricted Share Units	$0.0000	M	1666.0000	Disposed		Common Stock (3331.0000)	Direct
2020-02-25	Restricted Share Units	$0.0000	M	1110.0000	Disposed		Common Stock (2221.0000)	Direct

Footnotes

F1: 2,776 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 (i) 503 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); (ii) 1,667 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) on the third anniversary of the July 27, 2017 grant date (i.e., July 27, 2020); and (iii) 7,500 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 November 13, 2017 grant date (i.e., November 13, 2020 and November 13, 2021). Mr. Ritts has no voting rights with respect to these shares until they vest.

F3: Of the 2,776 RSUs vesting into shares reported above, 1,309 shares were foregone to pay for the tax withholding with a net issuance to Mr. Ritts of 1,467 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 the vesting of RSUs. The remaining 1,111 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.

F5: Represents the vesting of RSUs. The remaining 1,665 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.