FORM 4 Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person * Shepro William B   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) Chief Executive Officer (Last) (First) (Middle) 40, AVENUE MONTEREY 3. Date of Earliest Transaction (Month/Day/Year) 09/01/2017 (Street) LUXEMBOURG, N4 L-2163 4. If Amendment, Date 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 (City) (State) (Zip) 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 05/09/2017   G V 9,966 (1) D $ 0 50,660 D   Common Stock 05/09/2017   G V 9,966 (1) A $ 0 150,318 I By William B. Shepro Revocable Trust Common Stock 09/01/2017   M   56,250 (2) A $ 9.14 106,910 D   Common Stock 09/01/2017   G V 56,250 (3) D $ 0 50,660 (4) D   Common Stock 09/01/2017   G V 56,250 A $ 0 206,568 I By William B. Shepro Revocable Trust

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities (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 of Derivative Security: 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

09/01/2017

M

1,563 (2)

12/23/2009

07/14/2018

Common Stock

1,563

$ 0

223,438

D

Stock Options

$ 9.14

09/01/2017

M

17,188 (2)

06/15/2010

07/14/2018

Common Stock

17,188

$ 0

206,250

D

Stock Options

$ 9.14

09/01/2017

M

17,188 (2)

07/14/2010

07/14/2018

Common Stock

17,188

$ 0

189,062

D

Stock Options

$ 9.14

09/01/2017

M

20,311 (2)

12/23/2010

07/14/2018

Common Stock

20,311

$ 0

168,751 (5)

D

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Shepro William B 40, AVENUE MONTEREY LUXEMBOURG, N4 L-2163	X		Chief Executive Officer

Signatures

/s/ Teresa L. Denoncourt, Attorney-in-Fact		09/05/2017
**Signature of Reporting Person		Date

Explanation of Responses:

*	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).
(1)	Represents a transfer by Mr. Shepro of 9,966 shares from his direct ownership to his indirect ownership, which took place on or around May 9, 2017. The transfer to the William B. Shepro Revocable Trust is reportable on Form 5, but Mr. Shepro is voluntarily reporting early on Form 4.
(2)	Acquired by the exercise of options granted pursuant to a stock option award that expires on July 14, 2018. Mr. Shepro elected to pay the exercise price and taxes associated with all 56,250 exercised options and retain the resulting 56,250 shares through the William B. Shepro Revocable Trust.
(3)	56,250 shares were acquired upon the exercise of options and transferred by gift to the William B. Shepro Revocable Trust. The transfer to the William B. Shepro Revocable Trust is reportable on Form 5, but Mr. Shepro is voluntarily reporting early on Form 4.
(4)	Includes (i) 37,733 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) 12,927 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. Shepro has no voting rights with respect to these shares until they vest.
(5)	Following the reported transaction, Mr. Shepro holds 168,751 vested options relating to this grant and an additional 274,933 vested options from other grants for a total of 443,684 vested options.

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