Pressburg (ROAN) Form 4 LINN ENERGY / Mark E Ellis 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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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^*

Ellis Mark E

(Last) (First) (Middle)

600 TRAVIS, SUITE 5100

(Street)

HOUSTON TX 77002

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
LINN ENERGY, LLC [ LINE ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
04/20/2016

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
Units representing limited liability company interests	04/20/2016		J		108,280	D	$0.00(1)	475,240	D
Units representing limited liability company interests	04/20/2016		J		108,280	A	$0.00(1)	699,293	I	by Ellis Family Investments LP
Units representing limited liability company interests	04/20/2016		G(2)		223,319	D	$0.00	475,974(3)	I	by Ellis Family Investments LP
Units representing limited liability company interests	04/20/2016		G(2)		25,000	D	$0.00	0	I	by self as Investment Trustee for JLE Family Trust
Units representing limited liability company interests	04/20/2016		G(2)		25,000	D	$0.00	0	I	by self as Investment Trustee for SME Family Trust
Units representing limited liability company interests	04/20/2016		G(2)		25,000	D	$0.00	0	I	by self as Investment Trustee for PJE Family Trust

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

Explanation of Responses:

1. Reflects vested units transferred from Direct Ownership to Indirect Ownership.

2. To fulfill an ongoing charitable obligation, Mr. Ellis made a contribution to a major university of a total of 298,319 units.

3. Mr. Ellis intends to exchange his remaining 475,974 units for shares of LinnCo, LLC, pursuant to the Exchange Offer described in LinnCo's Registration Statement on Form S-4 (No. 333-210331), as amended and filed on April 18, 2016.

Remarks:

	/s/ Candice J. Wells, Attorney-in-Fact	04/22/2016
	** 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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