Sec Form 4 Filing - Saban Sponsor LLC @ Saban Capital Acquisition Corp. - 2017-03-16

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 Saban Sponsor LLC 2. Issuer Name and Ticker or Trading Symbol Saban Capital Acquisition Corp. [ SCAC] 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) 10100 SANTA MONICA BOULEVARD, 26TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 03/16/2017 (Street) LOS ANGELES, CA90067 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

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 Class F ordinary shares ( 1 ) 03/16/2017 S 7,500 ( 1 ) ( 1 ) ( 1 ) Class A ordinary shares 7,500 ( 1 ) $ 0.004 6,037,070 D ( 2 )

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Saban Sponsor LLC 10100 SANTA MONICA BOULEVARD 26TH FLOOR LOS ANGELES, CA90067 X HSAC Investments LP 10100 SANTA MONICA BOULEVARD 26TH FLOOR LOS ANGELES, CA90067 X Alpha Family Trust 10100 SANTA MONICA BOULEVARD 26TH FLOOR LOS ANGELES, CA90067 X Saban Capital Group, Inc. 10100 SANTA MONICA BOULEVARD 26TH FLOOR LOS ANGELES, CA90067 X SCG Investment Holdings, Inc. 10100 SANTA MONICA BOULEVARD 26TH FLOOR LOS ANGELES, CA90067 X Saban Cheryl 10100 SANTA MONICA BOULEVARD 26TH FLOOR LOS ANGELES, CA90067 X Saban Haim 10100 SANTA MONICA BOULEVARD 26TH FLOOR LOS ANGELES, CA90067 X X Chairman of the Board Signatures /s/ Adam Chesnoff, as attorney-in-fact for Saban Sponsor LLC 03/20/2017 Signature of Reporting Person Date /s/ Adam Chesnoff, as attorney-in-fact for HSAC Investments LP 03/20/2017 Signature of Reporting Person Date /s/ Adam Chesnoff, as attorney-in-fact for Alpha Family Trust 03/20/2017 Signature of Reporting Person Date /s/ Adam Chesnoff, as attorney-in-fact for Saban Capital Group, Inc. 03/20/2017 Signature of Reporting Person Date /s/ Adam Chesnoff, as attorney-in-fact for SCG Investment Holdings, Inc. 03/20/2017 Signature of Reporting Person Date /s/ Adam Chesnoff, as attorney-in-fact for Cheryl Saban 03/20/2017 Signature of Reporting Person Date /s/ Adam Chesnoff, as attorney-in-fact for Haim Saban 03/20/2017 Signature of Reporting Person Date

Explanation of Responses:

( 1 )The Class F ordinary shares are convertible for the Class A ordinary shares of Saban Capital Acquisition Corp. (the "Issuer") as described under the heading "Description of Securities-Founder Shares" in the Issuer's Registration Statement on Form S-1 (File No. 333-213259) and have no expiration date. ( 2 )The Class F ordinary shares are held directly by Saban Sponsor LLC (the "Sponsor"). Haim Saban and his spouse, Cheryl Saban, share voting and dispositive power over the founder shares held by the Sponsor as a result of being the co-trustees of Alpha Family Trust (the "Trust"), which is the sole shareholder of SCG Investment Holdings, Inc. ("SCG Investments"), the sole shareholder of Saban Capital Group, Inc. ("SCG"), the general partner of HSAC Investments LP ("HSAC"), which controls the Sponsor. Each of Haim Saban, Cheryl Saban, the Trust, SCG Investments, SCG and HSAC disclaims beneficial ownership of the Class F ordinary shares except to the extent of his, her or its pecuniary interest therein.

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).

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