Amended Statement of Ownership (sc 13g/a)
February 04 2016 - 11:57AM
Edgar (US Regulatory)
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G
Under the Securities Exchange Act
of 1934
(Amendment No 2)*
ALTISOURCE PORTFOLIO SOLUTIONS S.A. |
(Name of Issuer) |
|
Common Stock |
(Title of Class of Securities) |
|
L0175J104 |
(CUSIP Number) |
|
December 31, 2015 |
(Date of Event Which Requires Filing of this Statement) |
Check the appropriate box to designate
the rule pursuant to which this Schedule is filed:
|
[ ] |
Rule 13d-1(b) |
|
|
|
|
[X ] |
Rule 13d-1(c) |
|
|
|
|
[ ] |
Rule 13d-1(d) |
* The remainder
of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover
page.
The information required in the remainder
of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of
1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
CUSIP No. |
L0175J104 |
|
Page 2 of 5 |
1 |
NAME OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
(ENTITIES ONLY) |
LEON G. COOPERMAN |
2 |
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
|
(a) [ ]
(b) [x ] |
3 |
SEC USE ONLY
|
|
4 |
CITIZENSHIP OR PLACE OF ORGANIZATION
|
United States |
NUMBER OF
SHARES |
5 |
SOLE VOTING POWER |
1,236,061 |
BENEFICIALLY
OWNED BY |
6 |
SHARED VOTING POWER |
426,401 |
EACH
REPORTING |
7 |
SOLE DISPOSITIVE POWER |
1,236,061 |
PERSON
WITH: |
8 |
SHARED DISPOSITIVE POWER |
426,401 |
9 |
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
|
1,662,462 |
10 |
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW 9 EXCLUDES
CERTAIN SHARES
|
[ ] |
11 |
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
|
8.6 % |
12 |
TYPE OF REPORTING PERSON
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IN |
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|
|
|
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CUSIP No. |
L0175J104 |
|
Page 3 of 5 |
Item 1(a). |
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Name of Issuer: |
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ALTISOURCE PORTFOLIO SOLUTIONS S.A. |
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Item 1(b). |
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Address of Issuer’s Principal Executive Offices: |
|
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40, avenue Monterey, L-2163 Luxembourg
Grand Duchy of Luxembourg |
|
|
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Item 2(a). |
|
Name of Person Filing: |
|
|
Leon G. Cooperman (“Mr. Cooperman”). Mr.
Cooperman is the Managing Member of Omega Associates, L.L.C. (“Associates”), a limited liability company organized
under the laws of the State of Delaware. Associates is a private investment firm formed to invest in and act as general partner
of investment partnerships or similar investment vehicles. Associates is the general partner of limited partnerships organized
under the laws of Delaware known as Omega Capital Partners, L.P. (“Capital LP”), Omega Capital Investors, L.P. (“Investors
LP”), and Omega Equity Investors, L.P. (“Equity LP”). These entities are private investment firms engaged in
the purchase and sale of securities for investment for their own accounts.
Mr.
Cooperman is the President, CEO, and majority stockholder of Omega Advisors, Inc. (“Advisors”), a Delaware corporation,
engaged in providing investment management services, and Mr. Cooperman is deemed to control said entity.
Advisors
serves as the investment manager to Omega Overseas Partners, Ltd. (“Overseas”), a Cayman Island exempted company, with
a registered address at c/o Intertrust Corporate Services (Cayman) Limited, 190 Elgin Avenue, George Town, Grand Cayman KY1-9005,
Cayman Islands, British West Indies. Mr. Cooperman has investment discretion over Overseas’ portfolio investments and is
deemed to control such investments.
Advisors
serve as a discretionary investment advisor to a limited number of institutional clients (the “Managed Accounts”). As
to the Shares owned by the Managed Accounts, there would be shared power to dispose or to direct the disposition of such Shares
because the owners of the Managed Accounts may be deemed beneficial owners of such Shares pursuant to Rule 13d-3 under the Act
as a result of their right to terminate the discretionary account within a period of 60 days.
Mr.
Cooperman is the ultimate controlling person of Associates, Capital LP, Investors LP, Equity LP, Overseas, and Advisors. The
principal business office of Capital LP, Investors LP, Equity LP, Overseas, and Advisors is 810 Seventh Avenue, 33rd floor, New
York, New York 10019.
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Item 2(b). |
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Address of Principal Business Office or, if None, Residence: |
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11431 W. Palmetto Park Road, Boca Raton FL 33428 |
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Item 2(c). |
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Citizenship: |
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United States |
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Item 2(d). |
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Title of Class of Securities: |
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Common Stock ( the “Shares”) |
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Item 2(e). |
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CUSIP Number: |
|
|
L0175J104 |
CUSIP No. |
L0175J104 |
|
Page 4 of 5 |
Item 3. |
If this Statement is Filed Pursuant to Sections 240.13d-1(b), or 240.13d-2(b) or (c); |
|
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This Item 3 is inapplicable. |
Item 4. |
Ownership. |
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Provide the following information regarding the aggregate number and percentage of the class of securities of the Issuer identified in Item 1. |
|
(a)(b) |
Amount beneficially owned and percent of Class:
|
|
|
Mr. Cooperman may be deemed the beneficial owner of 1,662,462 Shares, which constitutes approximately 8.6 % of the total number of Shares outstanding. This consists of 403,297 Shares owned by Capital LP; 185,535 Shares owned by Investors LP; 215,787 Shares owned by Equity LP; 431,442 Shares owned by Overseas; and 426,401 Shares owned by Managed Accounts. |
|
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(c) |
Number of shares as to which such person has: |
|
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|
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|
(i) |
Sole power to vote or to direct the vote |
|
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1,236,061 |
|
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(ii) |
Shared power to vote or to direct the vote |
|
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|
426,401 |
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(iii) |
Sole power to dispose or to direct the disposition of |
|
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1,236,061 |
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(iv) |
Shared power to dispose or to direct the disposition of |
|
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426,401 |
|
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CUSIP No. |
L0175J104 |
|
Page 5 of 5 |
Item 5. |
Ownership of Five Percent or Less of a Class. |
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If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [ ] |
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Item 6. |
Ownership of More than Five Percent on Behalf of Another Person. |
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This Item 6 is not applicable. |
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Item 7. |
Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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This Item 7 is not applicable. |
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Item 8. |
Identification and Classification of Members of the Group. |
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This Item 8 is not applicable. |
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Item 9. |
Notice of Dissolution of Group. |
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This Item 9 is not applicable. |
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Item 10. |
Certification. |
By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing
or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant
in any transaction having that purpose or effect.
After reasonable inquiry and to the best of my knowledge
and belief, I certify that the information set forth in this statement is true, complete and correct.
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Date: |
February 4, 2016 |
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Signature: |
/s/ Alan M. Stark |
|
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Name: |
Alan M. Stark |
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Title: |
Attorney In Fact
Duly authorized under POA effective as of March
1,2013 and filed on May 20, 2013 |
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