<SEC-DOCUMENT>0001140361-23-025489.txt : 20230518
<SEC-HEADER>0001140361-23-025489.hdr.sgml : 20230518
<ACCEPTANCE-DATETIME>20230518163030
ACCESSION NUMBER:		0001140361-23-025489
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20230516
FILED AS OF DATE:		20230518
DATE AS OF CHANGE:		20230518

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Deer Park Road Corp
		CENTRAL INDEX KEY:			0001702490
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34354
		FILM NUMBER:		23936519

	BUSINESS ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487
		BUSINESS PHONE:		9704574340

	MAIL ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Deer Park Road Management Company, LP
		CENTRAL INDEX KEY:			0001655028
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34354
		FILM NUMBER:		23936521

	BUSINESS ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487
		BUSINESS PHONE:		970-457-4340

	MAIL ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Deer Park Road Management GP, LLC
		CENTRAL INDEX KEY:			0001702367
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34354
		FILM NUMBER:		23936520

	BUSINESS ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487
		BUSINESS PHONE:		9704574340

	MAIL ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			AgateCreek LLC
		CENTRAL INDEX KEY:			0001721440
		STATE OF INCORPORATION:			CO
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34354
		FILM NUMBER:		23936518

	BUSINESS ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487
		BUSINESS PHONE:		9704574340

	MAIL ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Craig-Scheckman Michael
		CENTRAL INDEX KEY:			0001702931

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34354
		FILM NUMBER:		23936517

	MAIL ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487

	FORMER NAME:	
		FORMER CONFORMED NAME:	Craig-Scheckman Michael David
		DATE OF NAME CHANGE:	20170404

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			Burg Scott Edward
		CENTRAL INDEX KEY:			0001721438

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34354
		FILM NUMBER:		23936516

	MAIL ADDRESS:	
		STREET 1:		1195 BANGTAIL WAY
		CITY:			STEAMBOAT SPRINGS
		STATE:			CO
		ZIP:			80487

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ALTISOURCE PORTFOLIO SOLUTIONS S.A.
		CENTRAL INDEX KEY:			0001462418
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-MISCELLANEOUS BUSINESS SERVICES [7380]
		IRS NUMBER:				000000000
		STATE OF INCORPORATION:			N4

	BUSINESS ADDRESS:	
		STREET 1:		33, BOULEVARD PRINCE HENRI
		STREET 2:		L-1724 LUXEMBOURG CITY
		CITY:			GRAND DUCHY OF LUXEMBOURG
		STATE:			N4
		ZIP:			50
		BUSINESS PHONE:		352 24 69 79 00

	MAIL ADDRESS:	
		STREET 1:		33, BOULEVARD PRINCE HENRI
		STREET 2:		L-1724 LUXEMBOURG CITY
		CITY:			GRAND DUCHY OF LUXEMBOURG
		STATE:			N4
		ZIP:			50

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Altisource Portfolio Solutions S.A.
		DATE OF NAME CHANGE:	20090625

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Altisource Portfolio Solutions S.a.r.l.
		DATE OF NAME CHANGE:	20090422
</SEC-HEADER>
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<TYPE>4
<SEQUENCE>1
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<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0407</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2023-05-16</periodOfReport>

    <issuer>
        <issuerCik>0001462418</issuerCik>
        <issuerName>ALTISOURCE PORTFOLIO SOLUTIONS S.A.</issuerName>
        <issuerTradingSymbol>ASPS</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001655028</rptOwnerCik>
            <rptOwnerName>Deer Park Road Management Company, LP</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1195 BANGTAIL WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STEAMBOAT SPRINGS</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001702367</rptOwnerCik>
            <rptOwnerName>Deer Park Road Management GP, LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1195 BANGTAIL WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STEAMBOAT SPRINGS</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001702490</rptOwnerCik>
            <rptOwnerName>Deer Park Road Corp</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1195 BANGTAIL WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STEAMBOAT SPRINGS</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001721440</rptOwnerCik>
            <rptOwnerName>AgateCreek LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1195 BANGTAIL WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STEAMBOAT SPRINGS</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001702931</rptOwnerCik>
            <rptOwnerName>Craig-Scheckman Michael</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1195 BANGTAIL WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STEAMBOAT SPRINGS</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001721438</rptOwnerCik>
            <rptOwnerName>Burg Scott Edward</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>1195 BANGTAIL WAY</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
            <rptOwnerCity>STEAMBOAT SPRINGS</rptOwnerCity>
            <rptOwnerState>CO</rptOwnerState>
            <rptOwnerZipCode>80487</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isTenPercentOwner>true</isTenPercentOwner>
            <isOther>true</isOther>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <aff10b5One>false</aff10b5One>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2023-05-16</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>A</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>12327</value>
                    <footnoteId id="F1"/>
                </transactionShares>
                <transactionPricePerShare>
                    <value>0</value>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>4249226</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See footnotes</value>
                    <footnoteId id="F2"/>
                    <footnoteId id="F3"/>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">These shares of the Issuer's common stock (&quot;Shares&quot;) represent a non-management director stock award granted to Mary Hickok, Managing Director at Deer Park Road Management Company, LP (&quot;Deer Park&quot;), in connection with her service on the Issuer's board of directors (the &quot;Board&quot;) for the 2022 to 2023 service year.</footnote>
        <footnote id="F2">All income derived in connection with Ms. Hickok's service as a director on the Board belongs, in economic terms, to STS Master Fund, Ltd. Ms. Hickok has no right to any compensation received in connection with her service on the Board and does not have any pecuniary interest in the Shares reported herein.</footnote>
        <footnote id="F3">These Shares are held for the account of STS Master Fund, Ltd. Deer Park serves as investment adviser to STS Master Fund, Ltd.</footnote>
        <footnote id="F4">Deer Park Road Management GP, LLC (&quot;DPRM&quot;) is the general partner of Deer Park. Each of Deer Park Road Corporation (&quot;DPRC&quot;) and AgateCreek LLC (&quot;AgateCreek&quot;) 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.</footnote>
    </footnotes>

    <remarks>Ms. Hickok, Managing Director at Deer Park, serves on the Issuer's Board as a representative of Deer Park. By virtue of their representation on the Board, for purposes of Section 16 of the Securities Exchange Act of 1934, as amended, the Reporting Persons are deemed to be directors by deputization of Ms. Hickok.</remarks>

    <ownerSignature>
        <signatureName>Deer Park Road Management Company, LP, By: /s/ Bradley W. Craig, Chief Operating Officer</signatureName>
        <signatureDate>2023-05-18</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Deer Park Road Management GP, LLC, By: /s/ Deer Park Road Corporation, its managing member, By: /s/ Bradley W. Craig, attorney-in-fact for Michael Craig-Scheckman, Chief Executive Officer of Deer Park Corporation</signatureName>
        <signatureDate>2023-05-18</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Deer Park Road Corporation, By: /s/ Bradley W. Craig, attorney-in-fact for Michael Craig-Scheckman, Chief Executive Officer of Deer Park Corporation</signatureName>
        <signatureDate>2023-05-18</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>AgateCreek LLC, By: /s/ Bradley W. Craig, attorney-in-fact for Scott Edward Burg, Sole Member of AgateCreek LLC</signatureName>
        <signatureDate>2023-05-18</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Michael Craig-Scheckman, By: /s/ Bradley W. Craig, attorney-in-fact for Michael Craig-Scheckman</signatureName>
        <signatureDate>2023-05-18</signatureDate>
    </ownerSignature>

    <ownerSignature>
        <signatureName>Scott Edward Burg, /s/ Bradley W. Craig, attorney-in-fact for Scott Edward Burg</signatureName>
        <signatureDate>2023-05-18</signatureDate>
    </ownerSignature>
</ownershipDocument>
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