SEC Form 4 · accession 0000921895-16-004308

CENTRAL EUROPEAN MEDIA ENTERPRISES LTD · CETV

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owners

Eric Semler

10% Owner

TCS CAPITAL MANAGEMENT LLC

10% Owner

TCS Capital GP, LLC

10% Owner

TCS Global Equity Master Fund, L.P.

10% Owner

Period of report

Apr 28, 2016

Accepted (ET)

May 2, 2016 · 6:03 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000925645

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Class A Common Stock, $0.08 par value^F1,F4,F2	Apr 28, 2016	P	50,000	$2.7594	A	16,247,922	I	By TCS Global Equity Master Fund, L.P.
Class A Common Stock, $0.08 par value^F1,F5,F2	May 2, 2016	P	21,911	$2.8162	A	16,269,833	I	By TCS Global Equity Master Fund, L.P.
Class A Common Stock, $0.08 par value^F1,F3	holding	—	—		—	1,039,072	I	By Managed Account of TCS Capital Management, LLC

Table II — derivative securities

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Common Stock Warrants (right to buy)^F1,F2	$1.00	holding	—	—	—	May 2, 2016	May 2, 2018	Class A Common Stock, $0.08 par value	1,113,861	1,113,861	I
Common Stock Warrants (right to buy)^F1,F3	$1.00	holding	—	—	—	May 2, 2016	May 2, 2018	Class A Common Stock, $0.08 par value	65,583	65,583	I

Explanation of responses

F1This 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.
F2Securities 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.
F3Securities 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.
F4The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.7400 to $2.8000, 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 and 5 to this Form 4.
F5The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $2.8000 to $2.8400, 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 and 5 to this Form 4.