---

 

---

 

1.	Names of Reporting Persons
	Carisma Trust
2.	Check the Appropriate Box if a Member of a Group (See Instructions)
	(a)  T
	(b)  £
3.	SEC Use Only
4.	Source of Funds (See Instructions)
	N/A
5.	Check if Disclosure of Legal Proceedings Is Required Pursuant to Item 2(d) or 2(e)   o
6.	Citizenship or Place of Organization
	Nevada
Number of Shares Beneficially Owned by Each Reporting Person With		7.	Sole Voting Power
			0
		8.	Shared Voting Power
			650,096 (9)
		9.	Sole Dispositive Power
			0
		10.	Shared Dispositive Power
			650,096 (9)
11.	Aggregate Amount Beneficially Owned by Each Reporting Person
	650,096 (9)
12.	Check if the Aggregate Amount in Row (11) Excludes Certain Shares (See Instructions)   o
13.	Percent of Class Represented by Amount in Row (11)
	40.8%*
14.	Type of Reporting Person (See Instructions)
	OO

___________

 

(9)   Includes (a) 26,293 shares held directly by the Carisma Trust and (b) 623,803 shares held by Salt Pond Holdings, LLC.

 

 

This Amendment No. 4 to Schedule 13D (“Amendment No. 4”) amends and supplements the statement on Schedule 13D (the “Original Schedule 13D”) originally filed jointly by William C. Erbey (the “Principal Reporting Person”), his spouse E. Elaine Erbey (“Mrs. Erbey”), FF Plaza Limited Partnership (“FF Plaza”), Delaware Permanent Corporation (“Delaware Permanent”), Salt Pond Holdings, LLC, a U.S. Virgin Islands limited liability company (“Salt Pond”) and Erbey Holding Corporation, Inc., a Delaware corporation (“Erbey Holding”) with the Securities and Exchange Commission on January 8, 2013 (as amended by Amendment No. 1 originally filed on March 5, 2015, Amendment No. 2 originally filed on April 12, 2016 and Amendment No. 3 originally filed on November 23, 2016 (“Amendment No. 3”),  the “Schedule 13D”).  This Amendment 4 is filed by the Principal Reporting Person, Mrs. Erbey, Erbey Holding, Salt Pond, the Christiansted Trust, the Frederiksted Trust, the Carisma Trust and Venia, LLC, a Nevada limited liability company (“Venia”) (collectively, the “Reporting Persons”).  The Principal Reporting Person beneficially owns all of the shares of Altisource Asset Management Corporation, a company organized under the laws of the U.S. Virgin Islands (the “Issuer”) beneficially owned by all of the Reporting Persons.  Since the filing of Amendment No. 3, the Principal Reporting Person transferred his directly held interest in Erbey Holding and 26,293 shares of the Issuer to the Carisma Trust, the trustee of which is Venia.  The transfer of the Principal Reporting Person’s interest in Erbey Holding and the shares of the Issuer did not change the Principal Reporting Person’s beneficial ownership of shares of the Issuer.  This Amendment No. 4 reflects the reorganization of ownership of shares of the Issuer by the Principal Reporting Person.

Item 1.  Security and Issuer.

The securities to which this Schedule 13D relates are the shares of common stock, par value $0.01 per share (“Common Stock”), of the Issuer.  The principal executive offices of the Issuer are located at 36C Strand St., Christiansted, U.S. Virgin Islands 00820.

Item 2. Identity and Background.

Item 2 is amended and restated in its entirety as follows:

Islands trust, is P.O. Box 25390, Christiansted, Virgin Islands 00824.  The principal office of the Carisma Trust, a Nevada trust, and Venia is 5348 Vegas Drive, Suite C, Las Vegas, Nevada 89108.

Item 5.  Interest in Securities of the Issuer.

Item 5 is amended and restated in its entirety as follows:

For purposes of this Schedule 13D, the ownership percentage for each Reporting Person is based upon 1,594,943 shares of Common Stock outstanding as of October 31, 2017, as reported in the Issuer’s Form 10-Q for the quarter ended September 30, 2017.

Item 7.  Material to be Filed as Exhibits.

SIGNATURES

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.