Sec Form 4 Filing - Gallogly Mark T @ Santander Consumer USA Holdings Inc. - 2014-02-28

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 Gallogly Mark T 2. Issuer Name and Ticker or Trading Symbol Santander Consumer USA Holdings Inc. [ SC] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director X __ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O CENTERBRIDGE PARTNERS, L.P., 375 PARK AVENUE 3. Date of Earliest Transaction (MM/DD/YY) 02/28/2014 (Street) NEW YORK, NY10152 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 Common Stock, par value $0.01 per share 02/28/2014 G( 1 ) V 725,790 D $ 0 0 D ( 1 ) Common Stock, par value $0.01 per share 02/28/2014 G( 1 ) V 241,784 D $ 0 0 I ( 1 ) By Trust Common Stock, par value $0.01 per share 4,130,825.75 I See Footnote ( 2 ) ( 3 )

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 Gallogly Mark T C/O CENTERBRIDGE PARTNERS, L.P. 375 PARK AVENUE NEW YORK, NY10152 X Signatures /s/ Mark T. Gallogly 02/12/2015 Signature of Reporting Person Date

Explanation of Responses:

( 1 )Represents charitable donations of shares of common stock, par value $0.01 per share ("Common Stock") of Santander Consumer USA Holdings, Inc. (the "Issuer") received by the Reporting Person directly through a trust in connection with a series of previously reported in-kind distributions on January 28, 2014, which receipt was exempt from reporting pursuant to Rule 16a-13 of the Securities Exchange Act of 1934, as amended. These shares were previously held by Centerbridge Associates II, L.P. as nominee for the Reporting Person and his trust pending such charitable donations. ( 2 )The Reporting Person is a managing member of Centerbridge GP Investors II, LLC, which is the general partner of Centerbridge Associates II, L.P. which is the general partner of CCP II AIV I, L.P., which is the managing member of Sponsor Auto Finance Super Holdings, LLC, which is a limited partner in Sponsor Auto Finance Holdings Series LP ("Sponsor Holdings LP") and a member of Sponsor Auto Finance GP LLC ("Sponsor GP"), and may be deemed to indirectly beneficially own these shares of Common Stock by virtue of such relationships with Sponsor Holdings LP, which directly holds these shares of Common Stock of the Issuer. The Reporting Person disclaims beneficial ownership over these shares of Common Stock of the Issuer except to the extent of his pecuniary interest therein. ( 3 )(Continued from footnote 2) The filing of this statement shall not be deemed to be an admission that, for purposes of Section 16 of the Securities Exchange Act of 1934 or otherwise, the Reporting Person is the benefical owner of any securities reported herein.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.

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