Deer Park Road Management GP Form 3 Altisource Portfolio Solutions / Michael David Craig-Scheckman ownership change

SEC Form 3

FORM 3

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

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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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. Date of Event Requiring Statement (Month/Day/Year)
05/10/2017

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

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

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

5. 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 Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	1,950,016	I	See footnotes(1)(3)
Common Stock	2,400	I	See footnotes(2)(3)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	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.

	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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