Altisource Portfolio Solutions (ASPS) Form 4 Altisource Portfolio Solutions / Michael David Craig-Scheckman ownership change

SEC Form 4

FORM 4

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

Deer Park Road Management Company, LP

(Last) (First) (Middle)

1195 BANGTAIL WAY

(Street)

STEAMBOAT SPRINGS CO 80487

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Altisource Portfolio Solutions S.A. [ ASPS ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

Director	X	10% Owner
Officer (give title below)		Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/10/2017

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

	Form filed by One Reporting Person
X	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	3. Transaction Code (Instr. 8)		4. Securities Acquired (A) or Disposed Of (D) (Instr. 3, 4 and 5)			5. Amount of Securities Beneficially Owned Following Reported Transaction(s) (Instr. 3 and 4)	6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
			Code	V	Amount	(A) or (D)	Price
Common Stock	05/10/2017		P		52,431	A	$18.8984(4)	2,002,447	I	See footnotes(1)(3)
Common Stock	05/10/2017		P		2,569	A	$19.2857(5)	2,005,016	I	See footnotes(1)(3)
Common Stock	05/10/2017		S		2,400	D	$18.2171(6)	0	I	See footnotes(2)(3)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Transaction Date (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	4. Transaction Code (Instr. 8)		5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4 and 5)		6. Date Exercisable and Expiration Date (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (Instr. 3 and 4)		8. Price of Derivative Security (Instr. 5)	9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4)	10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person^*

Deer Park Road Management Company, LP

(Last) (First) (Middle)

1195 BANGTAIL WAY

(Street)

STEAMBOAT SPRINGS CO 80487

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Deer Park Road Management GP, LLC

(Last) (First) (Middle)

1195 BANGTAIL WAY

(Street)

STEAMBOAT SPRINGS CO 80487

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Deer Park Road Corp

(Last) (First) (Middle)

1195 BANGTAIL WAY

(Street)

STEAMBOAT SPRINGS CO 80487

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Craig-Scheckman Michael David

(Last) (First) (Middle)

1195 BANGTAIL WAY

(Street)

STEAMBOAT SPRINGS CO 80487

(City) (State) (Zip)

Explanation of Responses:

1. These shares of the Issuer's common stock ("Shares") are held for the account of STS Master Fund, Ltd. Deer Park Road Management Company, LP ("Deer Park") serves as investment adviser to STS Master Fund, Ltd.

2. These Shares are held for the account of SBF Opportunities Master Fund Limited. Deer Park serves as investment adviser to SBF Opportunities Master Fund Limited.

3. Deer Park Road Management GP, LLC ("DPRM") is the general partner of Deer Park. Deer Park Road Corporation ("DPRC") is the managing member of DPRM. Michael David Craig-Scheckman is the Chief Executive Officer of each of Deer Park and DPRC and the sole owner of DPRC. Each Reporting Person disclaims beneficial ownership of the Shares except to the extent of his or its pecuniary interest therein, and this report shall not be deemed an admission that such Reporting Person is the beneficial owner of the Shares for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, or for any other purpose.

4. This price reflects the weighted average price for open-market purchases of Shares made by the Reporting Persons on May 10, 2017 within a $1.00 range. The actual prices for these transactions range from $18.28 to $19.270011, inclusive. The Reporting Persons further undertake to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price reported herein.

5. This price reflects the weighted average price for open-market purchases of Shares made by the Reporting Persons on May 10, 2017 within a $1.00 range. The actual prices for these transactions range from $19.279987 to $19.300025, inclusive. The Reporting Persons further undertake to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares purchased at each separate price reported herein.

6. This price reflects the weighted average price for open-market sales of Shares made by the Reporting Persons on May 10, 2017 within a $1.00 range. The actual prices for these transactions range from $18.20 to $18.25, inclusive. The Reporting Persons further undertake to provide upon request by the Commission staff, the Issuer, or a security holder of the Issuer, full information regarding the number of shares sold at each separate price reported herein.

	Deer Park Road Management, LP, By: Deer Park Road Management GP, LLC, its general partner, By: Deer Park Road Corporation, its managing member, By: /s/ Michael David Craig-Scheckman, Chief Executive Officer	05/12/2017
	Deer Park Road Management GP, LLC, By: Deer Park Road Corporation, its managing member, By: /s/ Michael David Craig-Scheckman, Chief Executive Officer	05/12/2017
	Deer Park Road Corporation, By: /s/ Michael David Craig-Scheckman, Chief Executive Officer	05/12/2017
	/s/ Michael David Craig-Scheckman	05/12/2017
	** Signature of Reporting Person	Date
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