Form Type: 4

SEC EDGAR Link
Accession Number:0001140361-20-005952
Date:2020-03-12
Issuer: ALTISOURCE PORTFOLIO SOLUTIONS S.A. (ASPS)
Original Submission Date:

Reporting Person:

DEER PARK ROAD MANAGEMENT COMPANY, LP
1195 BANGTAIL WAY
STEAMBOAT SPRINGS, CO 80487

Reporting Person:

DEER PARK ROAD MANAGEMENT GP, LLC
1195 BANGTAIL WAY
STEAMBOAT SPRINGS, CO 80487

Reporting Person:

DEER PARK ROAD CORP
1195 BANGTAIL WAY
STEAMBOAT SPRINGS, CO 80487

Reporting Person:

CRAIG-SCHECKMAN MICHAEL
1195 BANGTAIL WAY
STEAMBOAT SPRINGS, CO 80487

Reporting Person:

AGATECREEK LLC
1195 BANGTAIL WAY
STEAMBOAT SPRINGS, CO 80487

Reporting Person:

BURG SCOTT EDWARD
1195 BANGTAIL WAY
STEAMBOAT SPRINGS, CO 80487

Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
Title of SecurityTransaction Date2a. Deemed Execution Date Transaction CodeSharesAcquired or DisposedPrice per share 5. Amount of Securities Beneficially Owned Following Reported Transaction 6. Ownership Form Direct or IndirectNature of Indirect Ownership
COMMON STOCK 2020-03-12 P 38,171 a $7.11 3,139,381 indirect f1,f2
COMMON STOCK 2020-03-12 P 96,019 a $7.93 3,235,400 indirect f1,f2
COMMON STOCK 2020-03-13 P 35,942 a $8.41 3,271,342 indirect f1,f2
COMMON STOCK 2020-03-16 P 96,653 a $8.65 3,367,995 indirect f1,f2
COMMON STOCK 2020-03-12 0 $0.00 3,142 indirect f7
Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, convertible securities
Title of Derivative Security Conversion or Exercise Price of Derivative Security Transaction Date Deemed Execution Date Transaction Code Number of Derivative Securities Acquired (A) or Disposed of (D) Date ExercisableExpiration Date Title and Amount of Securities Underlying Derivative Security Price of Derivative Security Number of derivative Securities Beneficially Owned Following Reported Transaction(s) Ownership Form: Direct (D) or Indirect (I) Nature of Indirect Beneficial Ownership
Footnotes
IDfootnote
f1 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.
f2 deer park road management gp, llc ("dprm") is the general partner of deer park. each of deer park road corporation ("dprc") and agatecreek llc ("agatecreek") is a member of dprm. michael craig-scheckman is the chief executive officer of each of deer park and dprc and the majority owner of dprc. scott edward burg is the chief investment officer of deer park and the sole member of agatecreek. 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.
f3 this price reflects the weighted average price for open-market purchases of shares made by the reporting persons on march 12, 2020 within a $1.00 range. the actual prices for these transactions range between $6.59 to $7.35. 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.
f4 this price reflects the weighted average price for open-market purchases of shares made by the reporting persons on march 12, 2020 within a $1.00 range. the actual prices for these transactions range between $7.845 to $7.96. 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.
f5 this price reflects the weighted average price for open-market purchases of shares made by the reporting persons on march 13, 2020 within a $1.00 range. the actual prices for these transactions range between $8.16 to $8.50. 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.
f6 this price reflects the weighted average price for open-market purchases of shares made by the reporting persons on march 16, 2020 within a $1.00 range. the actual prices for these transactions range between $7.72 to $8.70. 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.
f7 these shares were awarded to mr. burg in connection with his service as a non-management director of the issuer.
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