Calamos Dynamic Convertible and Income Fund (CCD) Form 4 Calamos Dynamic Convertible & Income Fund / JOHN P CALAMOS SR 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^*

CALAMOS JOHN P SR

(Last) (First) (Middle)

2020 CALAMOS COURT

(Street)

NAPERVILLE IL 60563

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
Calamos Dynamic Convertible & Income Fund [ CCD ]

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 Chairman

3. Date of Earliest Transaction (Month/Day/Year)
01/27/2016

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

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 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(1)	01/27/2016		P		200	A	$15.97	915,292.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		100	A	$15.98	915,392.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		401	A	$16	915,793.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		205	A	$16.01	915,998.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		200	A	$16.02	916,198.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		957	A	$16.03	917,155.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		400	A	$16.04	917,555.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		435	A	$16.05	917,990.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		600	A	$16.06	918,590.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		600	A	$16.07	919,190.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		200	A	$16.08	919,390.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		700	A	$16.09	920,090.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		1,000	A	$16.11	921,090.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		700	A	$16.13	921,790.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		2	A	$16.14	921,792.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		400	A	$16.15	922,192.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		100	A	$16.16	922,292.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		200	A	$16.17	922,492.59	I	By Calamos Advisors LLC
Common Stock(1)	01/27/2016		P		300	A	$16.19	922,792.59	I	By Calamos Advisors LLC

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

1. Name and Address of Reporting Person^*

CALAMOS JOHN P SR

(Last) (First) (Middle)

2020 CALAMOS COURT

(Street)

NAPERVILLE IL 60563

(City) (State) (Zip)

1. Name and Address of Reporting Person^*

Calamos Advisors LLC

(Last) (First) (Middle)

2020 CALAMOS COURT

(Street)

NAPERVILLE IL 60563

(City) (State) (Zip)

Explanation of Responses:

1. THE SHARE PURCHASES IN THIS FORM 4 ARE NOT DIRECTLY FOR THE INDIVIDUAL, PERSONAL ACCOUNTS OF JOHN P. CALAMOS, SR. THESE TRANSACTIONS REFLECT PURCHASES MADE BY CALAMOS ADVISORS LLC (CAL), CALAMOS DYNAMIC CONVERTIBLE AND INCOME FUND'S INVESTMENT ADVISOR. CAL IS A WHOLLY OWNED SUBSIDIARY OF CALAMOS INVESTMENTS LLC (CILLC). JOHN P. CALAMOS, SR. OWNS A CONTROLLING INTEREST IN CALAMOS FAMILY PARTNERS, INC., WHICH IN TURN OWNS 77.8% OF CILLC, AND IS THE CHAIRMAN, CEO, AND GLOBAL CO-CIO OF CALAMOS ASSET MANAGEMENT, INC., WHICH OWNS 22.2% OF, AND IS THE SOLE MANAGER OF, CILLC. AS A RESULT, JOHN P. CALAMOS, SR. IS REQUIRED TO FILE THIS FORM 4 TO REFLECT INDIRECT BENEFICIAL OWNERSHIP OF SHARES OWNED BY CAL.

	/s/ Christopher Russell, Attorney-in-Fact	01/27/2016
	** 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).
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