Sec Form 4 Filing - CLINTON GROUP INC @ IMATION CORP - 2016-01-08

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 CLINTON GROUP INC 2. Issuer Name and Ticker or Trading Symbol IMATION CORP [ IMN] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) X __ Other (specify below) See remarks. (Last) (First) (Middle) 510 MADISON AVE, 8TH FL 3. Date of Earliest Transaction (MM/DD/YY) 01/08/2016 (Street) NEW YORK, NY10022 4. If Amendment, Date Original Filed (MM/DD/YY) 6. Individual or Joint/Group Filing (Check Applicable Line) _____ Form filed by One Reporting Person __ X __ 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 Common Stock 01/08/2016 J 344,826 D 1,360,075 I See footnotes ( 2 ) ( 3 ) Common Stock 01/08/2016 J 344,826 A 427,316 I See footnotes ( 3 ) ( 4 )

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

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other CLINTON GROUP INC 510 MADISON AVE 8TH FL NEW YORK, NY10022 X See remarks. Clinton Relational Opportunity Master Fund, L.P. C/O CLINTON GROUP, INC. 510 MADISON AVE., 8TH FLOOR NEW YORK, NY10022 See remarks. Clinton Magnolia Master Fund, Ltd. C/O CLINTON GROUP INC., 510 MADISON AVE. 8TH FLOOR NEW YORK, NY10022 See remarks. Clinton Relational Opportunity LLC C/O CLINTON GROUP INC. 510 MADISON AVE., 8TH FLOOR NEW YORK, NY10022 See remarks. GEH Capital Inc. C/O CLINTON GROUP INC., 601 LEXINGTON AV 51ST FLOOR NEW YORK, NY10022 See remarks. Hall George E. C/O CLINTON GROUP INC, 510 MADISON AVE. 8TH FLOOR NEW YORK, NY10022 See remarks. Signatures Clinton Group, Inc., By: /s/ George Hall, its President 01/12/2016 Signature of Reporting Person Date Clinton Relational Opportunity Master Fund, L.P., By: Clinton Relational Opportunity, LLC, its Investment Manager, By:/s/ John Hall, its Authorized Signatory 01/12/2016 Signature of Reporting Person Date Clinton Magnolia Master Fund Ltd., By: Clinton Group, Inc., its investment advisor, By: /s/ George Hall, its President 01/12/2016 Signature of Reporting Person Date Clinton Relational Opportunity, LLC, By:/s/ John Hall, its Authorized Signatory 01/12/2016 Signature of Reporting Person Date GEH CAPITAL, INC., /s/ Francis Ruchalski 01/12/2016 Signature of Reporting Person Date /s/ George Hall 01/12/2016 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Effective January 8, 2016, WKCAX, a mutual fund portfolio for which Clinton Group, Inc. ("CGI") acted as sub-advisor, distributed in-kind, in connection with the winding up of WKCAX, shares of Imation Corp. held by it to GEH Capital, Inc. ("GEHC"), a shareholder of WKCAX and an affiliate of CGI. The aggregate number of shares beneficially owned by Mr. George E. Hall ("Mr. Hall") remains unchanged. ( 2 )The securities reported on this line may be deemed to be indirectly beneficially owned by CGI, which securities are directly held by Clinton Relational Opportunity Master Fund, L.P. ("CREL"), Clinton Magnolia Master Fund, Ltd. ("CMMF") and a mutual fund portfolio ("CASF"). CGI is deemed to be the indirect beneficial owner of such securities by virtue of its position as investment manager of CMMF and its ownership of Clinton Relational Opportunity, LLC, which serves as the investment manager of CREL, and sub-advisory agreements governing CASF. Mr. Hall serves as the Chief Executive Officer of CGI. Mr. Hall is deemed to be the indirect beneficial owner of such securities by virtue of his direct and indirect control of CGI. ( 3 )For purposes of Rule 16a-1(a)(2) of the 1934 Act, each of the Reporting Persons disclaim beneficial ownership of such securities, and this report shall not be deemed an admission that any Reporting Person is the beneficial owners of the securities for the purpose of Section 16 or for any other purpose, except to the extent of such Reporting Person's pecuniary interest therein. Mr. Joseph A. DePerio ("Mr. DePerio") is an employee of CGI and serves as a member of the board of directors of the Issuer. Mr. DePerio submits his Section 16 filings independent of CGI. CGI disclaims beneficial ownership of any and all securities beneficially owned by Mr. DePerio. ( 4 )The securities reported on this line may be deemed to be indirectly beneficially owned by Mr. Hall, which securities are directly held by GEHC. Mr. Hall is deemed to be the indirect beneficial owner of such securities by virtue of his indirect ownership of GEHC.

Remarks: Because Mr. DePerio, an employee of CGI, serves as a member of the board of directors of the Issuer, each of the Reporting Persons may be deemed to be a director by deputization.

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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