Altisource Portfolio Solutions (ASPS) Form 4 Altisource Portfolio Solutions / KEVIN JAMES WILCOX 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^*

WILCOX KEVIN JAMES

(Last) (First) (Middle)

40, AVENUE MONTEREY

(Street)

LUXEMBOURG N4 L-2163

(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	10% Owner
X	Officer (give title below)	Other (specify below)
Chief Admin & Risk Officer

3. Date of Earliest Transaction (Month/Day/Year)
02/09/2018

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

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

X	Form filed by One Reporting Person
	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	02/09/2018		M		117,501(1)	A	$9.14	234,470(2)	D

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
Stock Options	$9.14	02/09/2018		M			12,917	06/15/2011	07/14/2018	Common Stock	12,917	$0	104,584	D
Stock Options	$9.14	02/09/2018		M			12,917	06/15/2012	07/14/2018	Common Stock	12,917	$0	91,667	D
Stock Options	$9.14	02/09/2018		M			12,916	06/15/2013	07/14/2018	Common Stock	12,916	$0	78,751	D
Stock Options	$9.14	02/09/2018		M			12,917	07/14/2011	07/14/2018	Common Stock	12,917	$0	65,834	D
Stock Options	$9.14	02/09/2018		M			12,916	07/14/2012	07/14/2018	Common Stock	12,916	$0	52,918	D
Stock Options	$9.14	02/09/2018		M			1,252	12/23/2010	07/14/2018	Common Stock	1,252	$0	51,666	D
Stock Options	$9.14	02/09/2018		M			25,833	12/23/2011	07/14/2018	Common Stock	25,833	$0	25,833	D
Stock Options	$9.14	02/09/2018		M			25,833	12/23/2012	07/14/2018	Common Stock	25,833	$0	0(3)	D

Explanation of Responses:

1. Acquired by the exercise of options granted pursuant to a stock option award that expires on July 14, 2018. Mr. Wilcox elected to pay the exercise price and taxes associated with all 117,501 exercised options and retain the resulting 117,501 shares.

2. Includes (i) 13,667 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 April 15, 2015 grant date (i.e., April 15, 2018 and April 15, 2019) and (ii) 3,016 time-based restricted shares of ASPS common stock, which are scheduled to vest (and will be issued) in three equal installments on the first, second and third anniversaries of the April 7, 2017 grant date (i.e., April 7, 2018, April 7, 2019 and April 7, 2020). Mr. Wilcox has no voting rights with respect to these shares until they vest.

3. Following the reported transaction, Mr. Wilcox holds no vested options relating to this grant. Mr. Wilcox holds a total of 132,667 vested options from other grants.

	/s/ Teresa L. Denoncourt, Attorney-in-Fact	02/13/2018
	** Signature of Reporting Person	Date
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