SEC Form 3

FORM 3

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

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1. Name and Address of Reporting Person* ERBEY WILLIAM C (Last) (First) (Middle) 402 STRAND STREET (Street) FREDERIKSTED, ST. CROIX VI 00840-3531 (City) (State) (Zip)	2. Date of Event Requiring Statement (Month/Day/Year) 12/21/2012	3. Issuer Name and Ticker or Trading Symbol Altisource Asset Management Corp [ AAMC ]
		4. Relationship of Reporting Person(s) to Issuer (Check all applicable) X Director X 10% Owner Officer (give title below) Other (specify below)	5. If Amendment, Date of Original Filed (Month/Day/Year) 01/08/2013
			6. Individual or Joint/Group Filing (Check Applicable Line) X Form filed by One Reporting Person Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Stock Options	12/21/2012	01/31/2014	Common Stock	424(1)	0.51	D
Stock Options	12/21/2012	01/31/2015	Common Stock	1,595(1)	0.66	D
Stock Options	12/21/2012	07/14/2018	Common Stock	80,000(1)	0.66	D
Stock Options	12/21/2012	01/31/2016	Common Stock	2,326(1)	0.79	D
Stock Options	12/21/2012	01/31/2014	Common Stock	1,698(1)	0.88	D
Stock Options	12/21/2012	05/10/2017	Common Stock	3,427(1)	0.97	D

Explanation of Responses:

1. This amendment to Table II is being filed solely to correct the expiration dates of the stock options received by the reporting person in connection with the December 21, 2012 spin-off of the Company from Altisource Portfolio Solutions S.A.

	Teresa L. Denoncourt, Attorney-in-Fact	11/01/2013
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (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).
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