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

Feb 14, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2020-02-12

Reporting Person: Shepro William B (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-02-12	Common Stock	G	13205.0000	$0.0000	Acquired	441697.0000	Indirect
2020-02-12	Common Stock	G	13205.0000	$0.0000	Disposed	4309.0000	Direct
2020-02-12	Common Stock	F	11795.0000	$19.6000	Disposed	17514.0000	Direct
2020-02-12	Common Stock	M	25000.0000	$0.0000	Acquired	29309.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-02-12	Restricted Share Units	$0.0000	M	25000.0000	Disposed		Common Stock (25000.0000)	Direct

Footnotes

F1: 25,000 shares of ASPS common stock received upon the vesting of previously granted restricted share units ("RSUs") pursuant to an award under the 2018 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 25,000 RSUs vesting into shares reported above, 11,795 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 13,205 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 12, 2020.

F4: Represents a transfer by gift by Mr. Shepro of 13,205 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 50,000 RSUs are scheduled to vest in two equal installments on the third and fourth anniversaries of the February 12, 2018 grant date (i.e., February 12, 2021 and February 12, 2022). Each RSU represents a contingent right to receive one share of ASPS common stock.