Function(x) (FNCX) Form 4 DraftDay Fantasy Sports / ROBERT F X SILLERMAN 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^*

SILLERMAN ROBERT F X

(Last) (First) (Middle)

902 BROADWAY

11TH FLOOR

(Street)

NEW YORK NY 10010

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
DraftDay Fantasy Sports, Inc. [ FNCX ]

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

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

3. Date of Earliest Transaction (Month/Day/Year)
06/03/2016

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
Common Stock(1)(2)	06/03/2016		M		22,580,645	A	(1)	30,811,268	I	See Footnote (2)(2)
Common Stock								37,268	D
Common Stock								8,750,000	I	See Footnote (3)(3)

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
Series C Convertible Preferred Stock	(1)	06/03/2016		M			7,000	(12)	(12)	Common Stock	22,580,645	(1)	3,000	I	See Footnote (2)(2)
Restricted Stock Unit	(4)							(4)	(4)	Common Stock	93,054		93,054(4)	D
Warrants (right to buy)	$1.78							03/16/2015	03/16/2020	Common Stock	350,000(5)		350,000(5)	I	See Footnote (2)(2)
Warrants (right to buy)	$3.51							10/24/2014	10/24/2019	Common Stock	225,000		225,000(6)	I	See Footnote (2)(2)
Warrants (right to buy)	$2.98							11/25/2014	11/25/2019	Common Stock	150,000		150,000(7)	I	See Footnote (2)(2)
Warrants (right to buy)	$3.63							12/15/2014	12/15/2019	Common Stock	775,000		775,000(8)	I	See Footnote (2)(2)
Warrants (right to buy)	$80							03/11/2013	03/11/2018	Common Stock	125,000		125,000(9)	D
Warrants (right to buy)	$55.2							09/16/2013	09/16/2018	Common Stock	62,500		62,500(10)	I	See Footnote (10)(10)
Warrants (right to buy)	$80							(9)	(9)	Common Stock	175,563		175,563(11)	I	See Footnote (11)

Explanation of Responses:

1. SIC III previously purchased 10,000 shares of the Issuer's Series C Convertible Preferred Stock. 7,000 shares of Series C Convertible Preferred Stock were exchanged for 22,580,645 shares of the Issuer's common stock in a transaction exempt from the provisions of Section 16(b) pursuant to Rule 16b-3.

2. Held by Sillerman Investment Company III LLC ("SIC III"), of which the Reporting Person is the manager and sole member.

3. Held by Sillerman Investment Company IV, LLC, of which the Reporting Person is the manager and sole member. These shares were acquired in a transaction exempt from the provisions of Section 16(b) pursuant to Rule 16b-3.

4. Restricted stock units in respect of 155,090 shares of Common Stock granted pursuant to the Company's 2011 Executive Incentive Plan. These restricted stock units vested as to 31,018 shares on May 1, 2015 and an additional 31,018 shares will vest on each of May 1, 2017, May 1, 2018 and May 1, 2019. Each restricted stock unit represents the right to receive, at settlement, 1 share of common stock. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.

5. Warrants previously acquired by SIC III, exercisable at $1.78 per share.

6. Warrants previously acquired by SIC III, exercisable at $3.51 per share.

7. Warrants previously acquired by SIC III, exercisable at $2.98 per share.

8. Warrants previously acquired by SIC III, exercisable at $3.63 per share.

9. Warrants previously acquired by the Reporting Person, exercisable at $80.00 per share.

10. Warrants previously acquired by Sillerman Investment Company II, LLC ("SIC II"), of which the Reporting Person is the manager and sole member, exercisable at $55.20 per share.

11. Warrants previously acquired by SIC II, exercisable at $80.00 per share.

12. SIC III purchased 10,000 shares of the Issuer's Series C Convertible Preferred Stock at a price of $1,000 per share. Each share has a stated value of $1,000 and is convertible into common stock at a conversion price of $4 per share. Such shares are convertible upon issuance and for a period of five years thereafter. 7,000 shares of Series C Convertible Preferred Stock were issued on March 16, 2015 and are convertible through March 16, 2020, at which time they are subject to mandatory redemption by the Issuer. 3,000 shares of Series C Convertible Preferred Stock were issued on November 25, 2014 and are convertible through November 25, 2019, at which time they are subject to mandatory redemption by the Issuer.

	/s/ Robert F.X. Sillerman	06/15/2016
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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