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

Jan 30, 2020

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Altisource Portfolio Solutions S.A. (ASPS)
CIK: 0001462418
Period of Report: 2020-01-29

Reporting Person: Esterman Michelle D. (N/A)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-01-29	Common Stock	F	1770.0000	$18.9400	Disposed	15442.0000	Direct
2020-01-29	Common Stock	M	5000.0000	$0.0000	Acquired	17212.0000	Direct

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2020-01-29	Restricted Share Units	$0.0000	M	5000.0000	Disposed		Common Stock (5000.0000)	Direct

Footnotes

F1: 5,000 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.

F2: Of the 5,000 RSUs vesting into shares reported above, 1,770 shares were foregone to pay for the tax withholding with a net issuance to Ms. Esterman of 3,230 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 January 29, 2020.

F3: Includes 603 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). Ms. Esterman has no voting rights with respect to these shares until they vest.

F4: Represents the vesting of RSUs. The remaining 10,000 RSUs are scheduled to vest in two equal installments on the second and third anniversaries of the grant date (i.e., January 29, 2021 and January 29, 2022). Each RSU represents a contingent right to receive one share of ASPS common stock.