Christopher R Kelly Form 4 ChyronHego / CHRISTOPHER R KELLY ownership change

SEC Form 4

FORM 4

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
or Section 30(h) of the Investment Company Act of 1940

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X

Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

KELLY CHRISTOPHER R

(Last) (First) (Middle)

C/O CHYRONHEGO

5 HUB DRIVE

(Street)

MELVILLE NY 11747

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
ChyronHego Corp [ CHYR ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
03/09/2015

4. If Amendment, Date of Original Filed (Month/Day/Year)

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	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	03/09/2015		S		2,336,129	D	$2.82	0	D
Common Stock	03/09/2015		S		187,016	D	$2.82	0	I	Owned by or in Trust Kelly Children
Common Stock	03/09/2015		S		10,000	D	$2.82	0	I	Owned by Controlled Foundtion
Common Stock	03/09/2015		S		10,000	D	$2.82	0	I	Owned by Controlled Foundtion

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 (Month/Day/Year)	3A. Deemed Execution Date, if any (Month/Day/Year)	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 (Month/Day/Year)		7. Title and Amount of Securities Underlying Derivative Security (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: 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
Stock Option(1)	$1.41	03/09/2015		S			8,334	07/29/2005	03/09/2015	Common Stock	8,334	$1.41	0	D
Stock Option(1)	$2.43	03/09/2015		S			8,334	07/31/2006	03/09/2015	Common Stock	8,334	$0.39	0	D
Stock Option(1)(2)	$3.42	03/09/2015		J			8,334	07/31/2007	03/09/2015	Common Stock	8,334	$0	0	D
Stock Option(2)(3)	$5.87	03/09/2015		J			15,000	08/31/2008	03/09/2015	Common Stock	15,000	$0	0	D
Stock Option(1)	$1.3	03/09/2015		S			15,000	07/31/2009	03/09/2015	Common Stock	15,000	$1.52	0	D

Explanation of Responses:

1. Vesting was immediate on the grant date which is the exercisable date.

2. These options were surrendered for no consideration pursuant to the Merger Agreement.

3. Vesting over a three year period from grant date, which is one month prior to the exercisable date.

	/s/ Christopher R. Kelly	03/09/2015
	** Signature of Reporting Person	Date
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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