SEC Info - Shepro William B - ‘4’ for 10/1/22 re: Altisource Portfolio Solutions S.A.

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^*

Shepro William B

(Last)

(First)

(Middle)

C/O ALTISOURCE PORTFOLIO SOLUTIONS S.A.

33, BOULEVARD PRINCE HENRI

(Street)

LUXEMBOURG

L-1724

(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)

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

3. Date of Earliest Transaction (Month/Day/Year)
10/1/22

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	10/1/22		M		3,334 ⁽¹⁾	A	$0.0000	3,334	D
Common Stock	10/1/22		F		1,572 ⁽²⁾	D	$13.32	1,762	D
Common Stock	10/1/22		G	V	1,762 ⁽³⁾	D	$0.0000	0.0000	D
Common Stock	10/1/22		G	V	1,762 ⁽³⁾	A	$0.0000	563,829	I	William B. Shepro Revocable Trust

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)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
Restricted Share Units	$0.0000	10/1/22		M			3,334 ⁽⁴⁾	⁽⁴⁾	⁽⁴⁾	Common Stock	3,334	$0.0000	3,333 ⁽⁵⁾	D

Explanation of Responses:

(1) 3,334 shares of ASPS common stock were received upon the vesting of previously granted time-based restricted share units ("RSUs") pursuant to an award under the 2009 Equity Incentive Plan, as amended and restated.

(2) Of the 3,334 RSUs vesting into shares reported above, 1,572 shares were foregone to pay for the tax withholding with a net issuance to Mr. Shepro of 1,762 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 October 3, 2022 (the next active trading day following the vesting).

(3) Represents a transfer by gift by Mr. Shepro of 1,762 shares of ASPS common stock, acquired upon the vesting of time-based 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.

(4) Represents the vesting of RSUs. Each RSU represents a contingent right to receive one share of ASPS common stock.

(5) The remaining 3,333 RSUs are scheduled to vest on the third anniversary of the October 1, 2020 grant date (i.e., October 1, 2023).

	/s/ Teresa L. Szupello, Attorney-in-Fact	10/4/22
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.

____________ Transaction Codes:
F	Payment of exercise price or tax liability by delivering or withholding securities incident to the receipt, exercise or vesting of a security issued in accordance with Rule 16b-3.
G	Bona fide gift.
M	Exercise or conversion of derivative security exempted pursuant to Rule 16b-3.

Shepro William B – ‘4’ for 10/1/22 re: Altisource Portfolio Solutions S.A.

On: Tuesday, 10/4/22, at 6:37pm ET · For: 10/1/22 · As: Director and Officer · Accession #: 1664272-22-297 · File #: 1-34354

Previous ‘4’: ‘4/A’ on 3/24/22 for 3/21/22 · Next: ‘4’ on / for 2/14/23 · Latest: ‘4’ on 4/11/24 for 4/9/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34

Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Shepro William B – ‘4’ for 10/1/22 re: Altisource Portfolio Solutions S.A.

On: Tuesday, 10/4/22, at 6:37pm ET · For: 10/1/22 · As: Director and Officer · Accession #: 1664272-22-297 · File #: 1-34354

Previous ‘4’: ‘4/A’ on 3/24/22 for 3/21/22 · Next: ‘4’ on / for 2/14/23 · Latest: ‘4’ on 4/11/24 for 4/9/24

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34Filing Table of Contents

This ‘4’ Document is an XML Data File that may be rendered in various formats:

Statement of Changes in Beneficial Ownership of Securities by an Insider — Form 4 — SEA’34

Filing Table of Contents