Sec Form 4 Filing - Sarbu Adrian @ CENTRAL EUROPEAN MEDIA ENTERPRISES LTD - 2013-06-25

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 Sarbu Adrian 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) X __ Director _____ 10% Owner X __ Officer (give title below) _____ Other (specify below) President & CEO (Last) (First) (Middle) 230 CALAE DOROBANTILOR 3. Date of Earliest Transaction (MM/DD/YY) 06/25/2013 (Street) BUCHAREST, S5SECTOR 1 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

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 Option: Right to Buy $ 32.99 06/25/2013 D 8,000 ( 1 ) ( 1 ) Class A Common Stock, par value $0.08 per share 8,000 ( 1 ) 0 D Option: Right to Buy $ 57 06/25/2013 D 4,000 ( 2 ) ( 2 ) Class A Common Stock, par value $0.08 per share 4,000 ( 2 ) 0 D Option: Right to Buy $ 56.42 06/25/2013 D 8,000 ( 3 ) ( 3 ) Class A Common Stock, par value $0.08 per share 8,000 ( 3 ) 0 D Option: Right to Buy $ 113.56 06/25/2013 D 30,000 ( 4 ) ( 4 ) Class A Common Stock, par value $0.08 per share 30,000 ( 4 ) 0 D Option: Right to Buy $ 22.64 06/25/2013 D 50,000 ( 5 ) ( 5 ) Class A Common Stock, par value $0.08 per share 50,000 ( 5 ) 0 D Option: Right to Buy $ 20.19 06/25/2013 D 160,000 ( 6 ) ( 6 ) Class A Common Stock, par value $0.08 per share 160,000 ( 6 ) 0 D Option: Right to Buy $ 17.52 06/25/2013 D 42,000 ( 7 ) ( 7 ) Class A Common Stock, par value $0.08 per share 42,000 ( 7 ) 0 D Option: Right to Buy $ 29.73 06/25/2013 D 150,000 ( 8 ) ( 8 ) Class A Common Stock, par value $0.08 per share 150,000 ( 8 ) 0 D Restricted Stock Units ( 9 ) 06/25/2013 A 151,425 ( 10 ) ( 10 ) Class A Common Stock, par value $0.08 per share 151,425 ( 11 ) 151,425 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Sarbu Adrian 230 CALAE DOROBANTILOR BUCHAREST, S5SECTOR 1 X President & CEO Signatures /s/ Meredith Steinhaus on behalf of Adrian Sarbu 06/26/2013 Signature of Reporting Person Date

Explanation of Responses:

( 1 )On June 25, 2013, the issuer cancelled, pursuant to the issuer's Offer to Exchange Certain Outstanding Stock Options for Restricted Stock Units dated May 24, 2013 ("Offer to Exchange"), options granted to the reporting person on November 18, 2004. In exchange, the reporting person received 15 restricted stock units in accordance with the terms of the Offer to Exchange. ( 2 )On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on December 21, 2005. In exchange, the reporting person received 21 restricted stock units in accordance with the terms of the Offer to Exchange. ( 3 )On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on June 8, 2006. In exchange, the reporting person received 117 restricted stock units in accordance with the terms of the Offer to Exchange. ( 4 )On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on December 5, 2007. In exchange, the reporting person received 15 restricted stock units in accordance with the terms of the Offer to Exchange. ( 5 )On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on December 16, 2008. In exchange, the reporting person received 7,551 restricted stock units in accordance with the terms of the Offer to Exchange. ( 6 )On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on July 30, 2009. In exchange, the reporting person received 65,388 restricted stock units in accordance with the terms of the Offer to Exchange. ( 7 )On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on May 15, 2009. In exchange, the reporting person received 3,318 restricted stock units in accordance with the terms of the Offer to Exchange. ( 8 )On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on March 16, 2010. In exchange, the reporting person received 75,000 restricted stock units in accordance with the terms of the Offer to Exchange. ( 9 )Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock. ( 10 )Subject to the award agreement, 50,475 of these time-vested restricted stock units will vest on each of 6/25/2014, 6/25/2015 and 6/25/2016. ( 11 )Restricted stock units were granted in exchange of cer tain outstanding stock options in accordance with the Offer to Exchange.

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).

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