Sec Form 4 Filing - Del Rio Frank J @ Norwegian Cruise Line Holdings Ltd. - 2016-02-26

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 Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person Del Rio Frank J 2. Issuer Name and Ticker or Trading Symbol Norwegian Cruise Line Holdings Ltd. [ NCLH] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President and Chief Executive (Last) (First) (Middle) 7665 CORPORATE CENTER DRIVE 3. Date of Earliest Transaction (MM/DD/YY) 02/26/2016 (Street) MIAMI, FL33126 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) __ X __ Form filed by One Reporting Person _____ Form filed by More than One Reporting Person (City) (State) (Zip)

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned 1.Title of Security (Instr. 3) 2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction 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

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities) 1. Title of Derivative Security (Instr. 3) 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction 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 (MM/DD/YY) 7. Title and Amount of Underlying Securities (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 Forward sale contract (obligation to sell) ( 1 ) ( 2 ) 02/26/2016 J( 1 )( 2 ) 177,152 ( 1 )( 2 ) 03/04/2016 Common Stock 177,152 ( 1 ) ( 2 ) 0 D Forward sale contract (obligation to sell) ( 2 ) ( 3 ) 02/26/2016 J( 2 )( 3 ) 264,213 ( 2 )( 3 ) 03/04/2016 Common Stock 264,213 ( 2 ) ( 3 ) 0 I By Breeze Hill Investments, LLC Forward sale contract (obligation to sell) ( 2 ) ( 3 ) 02/26/2016 J( 2 )( 3 ) 117,842 ( 2 )( 3 ) 03/04/2016 Common Stock 117,842 ( 2 ) ( 3 ) 0 I By GCO Management, LLC Forward sale contract (obligation to sell) ( 2 ) ( 4 ) 02/26/2016 J( 2 )( 4 ) 177,152 ( 2 )( 4 ) 09/01/2016 Common Stock 177,152 ( 2 ) ( 4 ) 177,152 D Forward sale contract (obligation to sell) ( 2 ) ( 4 ) 02/26/2016 J( 2 )( 4 ) 264,213 ( 2 )( 4 ) 09/01/2016 Common Stock 264,213 ( 2 ) ( 4 ) 264,213 I By Breeze Hill Investments, LLC Forward sale contract (obligation to sell) ( 2 ) ( 4 ) 02/26/2016 J( 2 )( 4 ) 117,842 ( 2 )( 4 ) 09/01/2016 Common Stock 117,842 ( 2 ) ( 4 ) 117,842 I By GCO Management, LLC

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Del Rio Frank J 7665 CORPORATE CENTER DRIVE MIAMI, FL33126 X President and Chief Executive Signatures /s/ Daniel S. Farkas, as attorney-in-fact for Frank J. Del Rio 03/01/2016 Signature of Reporting Person Date

Explanation of Responses:

( 1 )As previously reported, on December 12, 2014, the reporting person, prior to his appointment as the President and Chief Executive Officer of Norwegian Cruise Lines Holdings Ltd. ("NCLH"), entered into a prepaid variable forward sale contract with an unaffiliated third party buyer. The contract obligated the reporting person to deliver to the buyer up to 177,152 shares of common stock (or, at the reporting person's election, an equivalent amount of cash based on the market price of NCLH common stock). The reporting person pledged 177,152 shares of NCLH common stock to secure his obligations under the contract. On February 26, 2016, the parties agreed to terminate the contract. ( 2 )In connection with the termination of the original forward contracts described in Footnotes (1) and (3) and entry into the new forward contracts described in Footnote (4), the reporting person, Breeze Hill Investments, LLC ("Breeze Hill") and GCO Management, LLC ("GCO") were entitled to receive net cash payments (in settlement of amounts owed by them upon termination of the original forward contracts and amounts receivable by them upon entry into the new forward contracts) of $505,219, $753,508 and $336,073, respectively. Such amounts were determined based on the market value of NCLH common stock on February 26, 2016. ( 3 )As previously reported, on December 12, 2014, each of Breeze Hill and GCO, of whose shares of NCLH common stock the reporting person has indirect beneficial ownership, entered into a prepaid variable forward sale contract with an unaffiliated third party buyer. The contracts had the same terms as described in footnote (1) above, except that the contract for Breeze Hill covered 264,213 shares and the contract for GCO covered 117,842 shares. On February 26, 2016, each of Breeze Hill and GCO agreed with the third party buyer to terminate the contract. ( 4 )On February 26, 2016, each of the reporting person, Breeze Hill and GCO entered into a new forward contract with the same unaffiliated third party. The contracts obligate the reporting person, Breeze Hill and GCO to deliver to the buyer 177,152, 264,213 and 117,842 shares of NCLH common stock, respectively (or, at their election, an equivalent amount of cash based on the market price of NCLH common stock at settlement of the contracts), on September 1, 2016. Each of the reporting person, Breeze Hill and GCO pledged shares of NCLH common stock in an amount equivalent to their respective delivery obligation to secure their obligations under the contracts.

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).

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