Sec Form 4 Filing - Canyon Holdings (Cayman), L.P. @ CISION LTD. - 2020-01-31

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 Canyon Holdings (Cayman), L.P. 2. Issuer Name and Ticker or Trading Symbol CISION LTD. [ CISN] 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) 300 NORTH LASALLE STREET, SUITE 5600 3. Date of Earliest Transaction (MM/DD/YY) 01/31/2020 (Street) CHICAGO, IL60654 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 Ordinary Shares 01/31/2020 D 50,490,472 D 0 D ( 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 Canyon Holding s (Cayman), L.P. 300 NORTH LASALLE STREET SUITE 5600 CHICAGO, IL60654 X X CANYON PARTNERS, LTD. 300 NORTH LASALLE STREET SUITE 5600 CHICAGO, IL60654 X X GTCR INVESTMENT X AIV LTD. 300 NORTH LASALLE STREET SUITE 5600 CHICAGO, IL60654 X X Signatures CANYON HOLDINGS (CAYMAN), L.P., By: Canyon Partners Ltd., its general partner, By: /s/ Jeffrey S. Wright, Name: Jeffrey S. Wright, Title: Appointed Officer 02/03/2020 Signature of Reporting Person Date CANYON PARTNERS, LTD., By: /s/ Jeffrey S. Wright, Name: Jeffrey S. Wright, Title: Appointed Officer 02/03/2020 Signature of Reporting Person Date GTCR INVESTMENT X AIV LTD., By: /s/ Jeffrey S. Wright, Name: Jeffrey S. Wright, Title: Appointed Officer 02/03/2020 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On January 31, 2020, Castle Merger Limited ("Merger Sub"), a wholly owned subsidiary of Castle Acquisition Limited ("Parent"), merged with and into Cision Ltd. (the "Company") as contemplated by the Merger Agreement, dated as of October 22, 2019, by and among the Company, Parent and Merger Sub. As a result of the merger, the Company became a wholly owned subsidiary of Parent and each Cision ordinary share issued and outstanding immediately prior to the effective time of the merger was automatically cancelled and exchanged into the right to receive merger consideration of $10.00 in cash, without interest and subject to any applicable withholding taxes. ( 2 )Shares held directly by Canyon Holdings (Cayman), L.P. ("Canyon Holdings"). Canyon Partners, Ltd. ("Canyon Partners") is the general partner of Canyon Holdings and GTCR Investment X AIV Ltd. ("GTCR AIV") is the sole shareholder of Canyon Partners. GTCR AIV is also the general partner of GTCR Partners X/A&C AIV LP ("GTCR Partners X AIV"). Canyon Holdings and GTCR AIV are each managed by a ten-member board of directors (respectively, the "Canyon Board of Directors" and the "AIV Board of Directors"). ( 3 )Canyon Partners, GTCR AIV and the individual members of each of the Canyon Board of Directors and the AIV Board of Directors disclaim beneficial ownership of the securities reported in Table I except to the extent of his, her or its pecuniary interest therein, and this report shall not be deemed an admission that any such person is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.

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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