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Filing Details

Accession Number:: 0001140361-15-044292
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2015-12-11 17:09:24
Reporting Period:: 2015-12-09

Filing Date:: 2015-12-11
Accepted Time:: 2015-12-11 17:09:24
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
1555074	Altisource Asset Management Corp	AAMC	Real Estate (6500)	660783125

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1270742	Lcg Holdings Llc	1114 Avenue Of The Americas 29Th Floor New York NY 10036	No	No	Yes	No
1316580	Luxor Capital Group, Lp	1114 Avenue Of The Americas 29Th Floor New York NY 10036	No	No	Yes	No
1356913	Ltd Offshore Partners Capital Luxor	C/O M&Amp;C Corporate Svcs Ltd Po Box 309 Gt Ugland House George Town E9 00000	No	No	Yes	No
1393021	Luxor Capital Partners, Lp	1114 Avenue Of The Americas 29Th Floor New York NY 10036	No	No	Yes	No
1479129	Luxor Wavefront, Lp	1114 Avenue Of The Americas 29Th Floor New York NY 10036	No	No	Yes	No
1609548	Thebes Partners Offshore, Ltd.	C/O Maples Corporate Services Limited Box 309, Ugland House Grand Cayman E9 KY1-1104	No	No	Yes	No
1649417	Thebes Offshore Master Fund, Lp	C/O Maples Corporate Services Limited Box 309, Ugland House Grand Cayman E9 KY1-1104	No	No	Yes	No

Reported Non-Derivative Transactions

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Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
Common Stock, Par Value $0.01	Disposition	2015-12-10	142,745	$12.00	2,500	No	4	S	Indirect	By Luxor Capital Partners, LP
Common Stock, Par Value $0.01	Disposition	2015-12-10	2,500	$12.71	0	No	4	S	Indirect	By Luxor Capital Partners, LP
Common Stock, Par Value $0.01	Acquisiton	2015-12-09	7,000	$0.00	7,000	Yes	4	O	Indirect	See Explanation of Responses
Common Stock, Par Value $0.01	Disposition	2015-12-09	7,000	$0.00	0	Yes	4	J	Indirect	See Explanation of Responses
Common Stock, Par Value $0.01	Acquisiton	2015-12-10	1,239	$0.00	1,239	Yes	4	O	Indirect	See Explanation of Responses
Common Stock, Par Value $0.01	Disposition	2015-12-10	1,239	$0.00	0	Yes	4	J	Indirect	See Explanation of Responses
Common Stock, Par Value $0.01	Acquisiton	2015-12-10	1,659	$0.00	1,659	Yes	4	O	Indirect	See Explanation of Responses
Common Stock, Par Value $0.01	Disposition	2015-12-10	1,659	$0.00	0	Yes	4	J	Indirect	See Explanation of Responses

Equity Swap Involved	Form Type	Code	Nature of Ownership	Explanation
No	4	S	Indirect	By Luxor Capital Partners, LP
No	4	S	Indirect	By Luxor Capital Partners, LP
Yes	4	O	Indirect	See Explanation of Responses
Yes	4	J	Indirect	See Explanation of Responses
Yes	4	O	Indirect	See Explanation of Responses
Yes	4	J	Indirect	See Explanation of Responses
Yes	4	O	Indirect	See Explanation of Responses
Yes	4	J	Indirect	See Explanation of Responses

Reported Derivative Transactions

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Sec. Name	Sec. Type	Acquisiton - Disposition	Date	Amount	Price	Amount - 2	Price - 2
Common Stock, Par Value $0.01	Notional Principal Amount Derivative Agreement	Disposition	2015-12-09	7,000	$0.00	7,000	$883.76
Common Stock, Par Value $0.01	Notional Principal Amount Derivative Agreement	Disposition	2015-12-10	1,239	$0.00	1,239	$883.76
Common Stock, Par Value $0.01	Notional Principal Amount Derivative Agreement	Disposition	2015-12-10	1,659	$0.00	1,659	$203.00

Remaning Holdings	Equity Swap Involved	Transaction Form Type	Transaction Code	Nature of Ownership
1,239	Yes	4	O	Indirect
0	Yes	4	O	Indirect
0	Yes	4	O	Indirect

Reported Non-Derivative Holdings

Sec. Name	Remaning Holdings	Nature of Ownership	Explanation
Common Stock, Par Value $0.01	131,200	Indirect	By Luxor Capital Partners Offshore Master Fund, LP
Common Stock, Par Value $0.01	115,077	Indirect	By Luxor Wavefront, LP
Common Stock, Par Value $0.01	6,143	Indirect	By Thebes Offshore Master Fund, LP

Footnotes

This Form 4 is filed jointly by Luxor Capital Group, LP ("Luxor Capital Group"), Luxor Capital Partners, LP ("Onshore Fund"), Luxor Capital Partners Offshore, Ltd. ("Offshore Feeder Fund"), Luxor Wavefront, LP ("Wavefront Fund"), LCG Holdings, LLC ("LCG Holdings"), Luxor Management, LLC ("Luxor Management") and Christian Leone (collectively, the "Reporting Persons").
Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his or its pecuniary interest therein.
Shares owned directly by Onshore Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Onshore Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Onshore Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the shares of Common Stock owned directly by Onshore Fund.
Shares owned directly by Luxor Capital Partners Offshore Master Fund, LP ("Offshore Master Fund"). Offshore Feeder Fund, as the owner of a controlling interest in Offshore Master Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Offshore Master Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Offshore Master Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Offshore Master Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the shares of Common Stock owned directly by Offshore Master Fund.
Shares owned directly by Wavefront Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Wavefront Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Wavefront Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the shares of Common Stock owned directly by Wavefront Fund.
Shares owned directly by Thebes Offshore Master Fund, LP ("Thebes Master Fund"). Thebes Feeder Fund, the owner of a controlling interest in, and together with a minority investor, the owner of 100% of the interests in Thebes Master Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Thebes Master Fund. Each of LCG Holdings and Luxor Capital Group, as the general partner and investment manager, respectively, of Thebes Master Fund, may be deemed to beneficially own the shares of Common Stock owned directly by Thebes Master Fund. Luxor Management, as the general partner of Luxor Capital Group, and Christian Leone, as the managing member of each of LCG Holdings and Luxor Management, may be deemed to beneficially own the shares of Common Stock owned directly by Thebes Master Fund.
On December 9, 2015, upon the unwind of an equity swap agreement entered into by and between the Onshore Fund and an unaffiliated third party financial institution, the Onshore Fund paid to such institution an aggregate of $5,344,123.22 in connection with 7,000 of the shares subject to the agreement.
On December 10, 2015, upon the unwind of an equity swap agreement entered into by and between the Onshore Fund and an unaffiliated third party financial institution, the Onshore Fund paid to such institution an aggregate of $932,147.28 in connection with 1,239 of the shares subject to the agreement.
On December 10, 2015, upon the unwind of an equity swap agreement entered into by and between an account separately managed by Luxor Capital Group (the "Separately Managed Account") and an unaffiliated third party financial institution, the Separately Managed Account paid to such institution an aggregate of $315,760.29 in connection with 1,659 of the shares subject to the agreement.
Notional principal amount derivative agreement (the "Derivative Agreement") in the form of cash settled swaps entered into by each of the Onshore Fund and the Separately Managed Account.
The Derivative Agreements provide the Onshore Fund and the Separately Managed Account with economic results that are comparable to the economic results of ownership payable on each settlement date applicable to the expiration or earlier termination of such Derivative Agreement, but do not provide them with the power to vote or direct the voting or dispose of or direct the disposition of the shares of Common Stock that are the subject of the Derivative Agreements (such shares, the "Subject Shares"). Each of the Onshore Fund and the Separately Managed Account disclaim beneficial ownership in the Subject Shares. The counterparties to the Derivative Agreements are unaffiliated third party financial institutions.