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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

ERBEY WILLIAM C 		2. Issuer Name and Ticker or Trading Symbol

Altisource Residential Corp [ RESI ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

C/O AAMC, 402 STRAND STREET 		3. Date of Earliest Transaction (MM/DD/YYYY)

10/29/2013
(Street)

FREDERIKSTED, ST. CROIX, VI 00840-3531
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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   10/29/2013     M    5660.0000   (1) A $1.3500   6266.0000   D    
Common Stock   10/29/2013     M    1415.0000   (1) A $0.7800   7681.0000   D    
Common Stock   10/29/2013     J    7075.0000   (2) D $0.0000   606.0000   D    
Common Stock   10/29/2013     J    7075.0000   (2) A $0.0000   1985769.0000   I   By Salt Pond Holdings, LLC  

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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   $0.7800   10/29/2013     M         1415.0000   (1)   12/21/2012   1/31/2014   Common Stock   1415.0000   $0.0000   0.0000   D    
Stock Options   $1.3500   10/29/2013     M         5660.0000   (1)   12/21/2012   1/31/2014   Common Stock   5660.0000   $0.0000   0.0000   D    

Explanation of Responses:
( 1)  These options were granted pursuant to a stock option award that expires in January 2014.
( 2)  Shares transferred to Salt Pond Holdings, LLC, a United States Virgin Islands limited liability company over which Mr. Erbey and his spouse, E. Elaine Erbey, have voting and/or beneficial control and for which Mr. Erbey does not disclaim beneficial ownership.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
ERBEY WILLIAM C
C/O AAMC, 402 STRAND STREET
FREDERIKSTED, ST. CROIX, VI 00840-3531 		X X


Signatures
Teresa L. Denoncourt, Attorney-in-Fact 10/31/2013
** 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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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