Sec Form 3 Filing - Camac Fund, LP @ AMBASE CORP - 2019-12-31

FORM 3 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 Camac Fund, LP 2. Issuer Name and Ticker or Trading Symbol AMBASE CORP [ ABCP] 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) CAMAC CAPITAL, LLC, 350 PARK AVENUE, 13TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 12/31/2019 (Street) NEW YORK, NY10022 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 9,896,969 D

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 Camac Fund, LP CAMAC CAPITAL, LLC 350 PARK AVENUE, 13TH FLOOR NEW YORK, NY10022 X Signatures /s/ Eric Shahinian, Managing Member of the GP, Camac Capital, LLC 01/09/2020 Signature of Reporting Person Date

Explanation of Responses:

Remarks: On January 7, 2020 Camac Fund, LP made a joint filing on Schedule 13D with the Securities and Exchange Commission, under Section 13d of the Securities Exchange Act of 1934, as amended, and may therefore be deemed to beneficially own Common Stock beneficially owned by the other persons in such joint filing. This Form 3 is filed jointly by Camac Fund, LP, Camac Capital, LLC, Camac Partners, LLC, and Eric Shahinian, and the address for each Reporting Person is: 350 Park Avenue, 13th Floor, New York, New York, 10022. Each of the Reporting Persons may be deemed to be a member of a Section 13(d) group that may be deemed to collectively beneficially own more than 10% of the Issuer's outstanding shares of Common Stock. Camac Fund, LP directly beneficially owns all such shares. As such, Mr. Shahinian is in a position indirectly to determine the investment and voting decisions made by Camac Fund, LP. Each of Camac Capital, LLC, as the general partner of Camac Fund, LP, and Camac Partners, LLC, as the investment manager of Camac Fund, LP, may be deemed to have the power to direct the voting and disposition of the shares of Common Stock beneficially owned by Camac Fund, LP and may be deemed to be the indirect beneficial owner of such shares. Each of the Reporting Persons disclaims beneficial ownership of the shares of Common Stock reported herein except to the extent of his 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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