HSAC Investments Form 3/A Saban Capital Acquisition / Cheryl Saban ownership change

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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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1. Name and Address of Reporting Person^*

Saban Sponsor LLC

(Last) (First) (Middle)

10100 SANTA MONICA BOULEVARD

26TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
09/15/2016

3. Issuer Name and Ticker or Trading Symbol
Saban Capital Acquisition Corp. [ SCAC ]

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

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

5. If Amendment, Date of Original Filed (Month/Day/Year)
09/15/2016

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

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

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Class F ordinary shares	(1)	(1)	Class A ordinary shares	5,561,000	(1)	D(2)

1. Name and Address of Reporting Person^*

Saban Sponsor LLC

(Last) (First) (Middle)

10100 SANTA MONICA BOULEVARD

26TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

HSAC Investments LP

(Last) (First) (Middle)

10100 SANTA MONICA BOULEVARD

26TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Alpha Family Trust

(Last) (First) (Middle)

10100 SANTA MONICA BOULEVARD

26TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Saban Capital Group, Inc.

(Last) (First) (Middle)

10100 SANTA MONICA BOULEVARD

26TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

SCG Investment Holdings, Inc.

(Last) (First) (Middle)

10100 SANTA MONICA BOULEVARD

26TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Saban Cheryl

(Last) (First) (Middle)

10100 SANTA MONICA BOULEVARD

26TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Saban Haim

(Last) (First) (Middle)

10100 SANTA MONICA BOULEVARD

26TH FLOOR

(Street)

LOS ANGELES CA 90067

(City) (State) (Zip)

Explanation of Responses:

1. The Class F ordinary shares are convertible for the Class A ordinary shares of Saban Capital Acquisition Corp. (the "Issuer") as described under the heading "Description of Securities-Founder Shares" in the Issuer's Registration Statement on Form S-1 (File No. 333-213259) and have no expiration date. The Class F ordinary shares beneficially owned by the reporting person includes up to 750,000 Class F ordinary shares subject to forfeiture depending on the extent to which the underwriters' over-allotment option is exercised as described in the Issuer's Registration Statement on Form S-1 (File No. 333-213259).

2. The Class F ordinary shares are held directly by Saban Sponsor LLC (the "Sponsor"). Haim Saban and his spouse, Cheryl Saban, share voting and dispositive power over the founder shares held by the Sponsor as a result of being the co-trustees of Alpha Family Trust (the "Trust"), which is the sole shareholder of SCG Investment Holdings, Inc. ("SCG Investments"), the sole shareholder of Saban Capital Group, Inc. ("SCG"), the general partner of HSAC Investments LP ("HSAC"), which controls the Sponsor. Each of Haim Saban, Cheryl Saban, the Trust, SCG Investments, SCG and HSAC disclaims beneficial ownership of the Class F ordinary shares except to the extent of his, her or its pecuniary interest therein.

Remarks:

This amendment is being filed to correct the original Form 3 filed by the Reporting Persons on September 15, 2016 which was inadvertently filed with Saban Capital Acquisition Corp., the issuer, as one of the Reporting Persons rather than Saban Sponsor LLC. No other information in this report, including the holdings of each other Reporting Person, has changed. Exhibit 24 -- Powers of Attorney.

	/s/ Adam Chesnoff, as attorney-in-fact for Saban Sponsor LLC	09/16/2016
	/s/ Adam Chesnoff, as attorney-in-fact for HSAC Investments LP	09/16/2016
	/s/ Adam Chesnoff, as attorney-in-fact for Alpha Family Trust	09/16/2016
	/s/ Adam Chesnoff, as attorney-in-fact for Saban Capital Group, Inc.	09/16/2016
	/s/ Adam Chesnoff, as attorney-in-fact for SCG Investment Holdings, Inc.	09/16/2016
	/s/ Adam Chesnoff, as attorney-in-fact for Cheryl Saban	09/16/2016
	/s/ Adam Chesnoff, as attorney-in-fact for Haim Saban	09/16/2016
	** Signature of Reporting Person	Date
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