Seneff James M JR Form 4/A CNL LIFESTYLE PROPERTIES / JAMES M SENEFF JR 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^*

SENEFF JAMES M JR

(Last) (First) (Middle)

450 S. ORANGE AVENUE

(Street)

ORLANDO FL 32801

(City) (State) (Zip)

2. Issuer Name and Ticker or Trading Symbol
CNL LIFESTYLE PROPERTIES INC [ NONE ]

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

X	Director	10% Owner
X	Officer (give title below)	Other (specify below)
Chairman of the Board

3. Date of Earliest Transaction (Month/Day/Year)
03/31/2016

4. If Amendment, Date of Original Filed (Month/Day/Year)
04/04/2016

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	03/31/2016		J(1)		6,968(5)	D	(1)	6,968(5)	I	See Footnote(2)
Common Stock	03/31/2016		J(3)		11,975.31(5)	D	(3)	11,975.31(5)	I	See Footnote(4)

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. As a result of the indirect transfer of 50% of the economic interests in CNL Financial Group, Inc. to Dayle L Seneff, through her wholly-owned entity DLHS Holdings, LLC, the Reporting Person transferred his pecuniary interest in 50% of the shares held of record by CNL Lifestyle Properties, Inc.

2. All of the shares of the Issuer's common stock beneficially owned by James M. Seneff, Jr. (the "Reporting Person") are held of record by CNL Financial Group, Inc., which is indirectly wholly owned by the Reporting Person.

3. As a result of the indirect transfer of 50% of the economic interests in CNL Lifestyle Company, LLC to Dayle L Seneff, through her wholly-owned entity DLHS Holdings, LLC, the Reporting Person transferred his pecuniary interest in 50% of the shares held of record by CNL Lifestyle Properties, Inc.

4. All of the shares of the Issuer's common stock beneficially owned by the Reporting Person are held of record by CNL Lifestyle Company, LLC, a wholly owned subsidiary of CNL Financial Group, LLC.

5. This amended report is being filed to correct (i) the relationship of the Reporting Person to Issuer, which was previously reported in error in the original report as a 10% Owner, and (ii) the number of shares disposed of by the Reporting Person, which number, as previously reported on the original report, was reported in error.

Remarks:

	/s/ James M. Seneff, Jr.	01/18/2017
	** 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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