Sec Form 4 Filing - TCS CAPITAL MANAGEMENT LLC @ CENTRAL EUROPEAN MEDIA ENTERPRISES LTD - 2016-05-25

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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
TCS CAPITAL MANAGEMENT LLC
2. Issuer Name and Ticker or Trading Symbol
CENTRAL EUROPEAN MEDIA ENTERPRISES LTD [ CETV]
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)
888 SEVENTH AVENUE, SUITE 1504
3. Date of Earliest Transaction (MM/DD/YY)
05/25/2016
(Street)
NEW YORK, NY10019
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
Class A Common Stock, $0.08 par value ( 1 ) 05/25/2016 P 56,000 A $ 2.3378 ( 4 ) 16,325,833 I By TCS Global Equity Master Fund, L.P. ( 2 )
Class A Common Stock, $0.08 par value ( 1 ) 05/26/2016 P 40,000 A $ 2.4269 ( 5 ) 16,365,833 I By TCS Global Equity Master Fund, L.P. ( 2 )
Class A Common Stock, $0.08 par value ( 1 ) 05/26/2016 P 260,000 A $ 2.4242 ( 6 ) 16,625,833 I By TCS Global Equity Master Fund, L.P. ( 2 )
Class A Common Stock, $0.08 par value ( 1 ) 05/26/2016 P 50,000 A $ 2.4659 ( 7 ) 16,675,833 I By TCS Global Equity Master Fund, L.P. ( 2 )
Class A Common Stock, $0.08 par value ( 1 ) 05/27/2016 P 30,000 A $ 2.6075 16,705,833 I By TCS Global Equity Master Fund, L.P. ( 2 )
Class A Common Stock, $0.08 par value ( 1 ) 05/27/2016 P 43,674 A $ 2.5635 ( 8 ) 16,749,507 I By TCS Global Equity Master Fund, L.P. ( 2 )
Class A Common Stock, $0.08 par value ( 1 ) 1,039,072 I By Managed Account of TCS Capital Management, LLC ( 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
Common Stock Warrants (right to buy) ( 1 ) $ 1 05/02/2016 05/02/2018 Class A Common Stock, $0.08 par value 1,113,861 1,113,861 I By TCS Global Equity Master Fund, L.P. ( 2 )
Common Stock Warrants (right to buy) ( 1 ) $ 1 05/02/2016 05/02/2018 Class A Common Stock, $0.08 par value 65,583 65,583 I By Managed Account of TCS Capital Management, LLC ( 3 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
TCS CAPITAL MANAGEMENT LLC
888 SEVENTH AVENUE
SUITE 1504
NEW YORK, NY10019
X
TCS Global Equity Master Fund, L.P.
GARDENIA COURT, SUITE 337
45 MARKET STREET, P.O. BOX 896GT
CAMANA BAY, E9KY1-1103
X
TCS Capital GP, LLC
888 SEVENTH AVENUE
SUITE 1504
NEW YORK, NY10019
X
SEMLER ERIC
C/O TCS CAPITAL MANAGEMENT, LLC
888 SEVENTH AVENUE, SUITE 1504
NEW YORK, NY10019
X
Signatures
TCS Capital Management, LLC, By: /s/ Eric Semler, Managing Member 05/27/2016
Signature of Reporting Person Date
TCS Global Equity Master Fund, L.P., By: TCS Capital GP, LLC, By: /s/ Eric Semler, Managing Member 05/27/2016
Signature of Reporting Person Date
TCS Capital GP, LLC, By: /s/ Eric Semler, Managing Member 05/27/2016
Signature of Reporting Person Date
/s/ Eric Semler 05/27/2016
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This Form 4 is filed jointly by TCS Global Equity Master Fund, L.P. ("TCS Global"), TCS Capital GP, LLC ("TCS GP"), TCS Capital Management, LLC ("TCS Management"), and Eric Semler (collectively, the "Reporting Persons"). Each Reporting Person may be deemed to be a member of a Section 13(d) group that owns more than 10% of the Issuer's outstanding shares of Common Stock. Each Reporting Person disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, and this report shall not be deemed to be an admission that any Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.
( 2 )Securities held directly by TCS Global. TCS Management, as the investment manager of TCS Global, may be deemed to beneficially own the securities held directly by TCS Global. TCS GP, as the general partner of TCS Global, may be deemed to beneficially own the securities held directly by TCS Global. Mr. Semler, as the Managing Member of each of TCS GP and TCS Management, may be deemed to beneficially own the securities held directly by TCS Global.
( 3 )Securities held directly in a certain managed account (the "Managed Account"). TCS Management, as the investment manager of the Managed Account, may be deemed to beneficially own the securities held in the Managed Account. Mr. Semler, as the Managing Member of TCS Management, may be deemed to beneficially own the securities held in the Managed Account.
( 4 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.3075to $2.3575, including commissions. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes 4, 5, 6, 7 and 8 to this Form 4.
( 5 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.3600to $2.4900, including commissions. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or th e staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes 4, 5, 6, 7 and 8 to this Form 4.
( 6 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.3475to $2.4875, including commissions. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes 4, 5, 6, 7 and 8 to this Form 4.
( 7 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.4375to $2.4675, including commissions. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes 4, 5, 6, 7 and 8 to this Form 4.
( 8 )The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.4975to $2.5875, including commissions. The Reporting Persons undertake to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in footnotes 4, 5, 6, 7 and 8 to this Form 4.

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* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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