Cineverse Corp. — Director's Dealing 2012

May 4, 2012

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Cinedigm Digital Cinema Corp. (CIDM)
CIK: 0001173204
Period of Report: 2012-04-23

Reporting Person: CLEVENGER WAYNE L (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2012-04-23	Class A Common Stock	M	11667	—	Acquired	1945223	Indirect

Derivative Transactions

Date	Security	Exercise Price	Code	Shares	A/D	Expiration	Underlying	Ownership
2012-04-23	Restricted Stock Units	$	M	11667	Disposed		Class A Common Stock (11667)	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	30000	Direct

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Non-Employee Stock Option (Right to Buy)	$5.00	2014-03-17	Class A Common Stock (5000)	5000	Direct
Non-Employee Stock Option (Right to Buy)	$5.00	2014-07-01	Class A Common Stock (5000)	5000	Direct
Non-Employee Stock Option (Right to Buy)	$6.40	2015-06-09	Class A Common Stock (10000)	10000	Direct
Non-Employee Stock Option (Right to Buy)	$12.93	2016-03-31	Class A Common Stock (10000)	10000	Direct
Non-Employee Stock Option (Right to Buy)	$7.55	2017-06-25	Class A Common Stock (10000)	10000	Direct

Footnotes

F1: Shares are held by MidMark Investors, L.P. ("MidMark"), of which the Reporting Person is a managing director. The general partner of MidMark is MidMark Advisors II, LLC, of which the Reporting Person is a managing member. The Reporting Person disclaims beneficial ownership of all of these shares, except to the extent of his pecuniary interest therein.

F2: Of such options, one-third vested on March 17, 2005 and the remaining two-thirds vested on March 8, 2006.

F3: The option vested in three equal annual installments commencing June 25, 2008.

F4: Each restricted stock unit (an "RSU") represents a contingent right to receive one share of Class A Common Stock; however, the Issuer has the discretion to settle in Class A Common Stock or cash or a combination thereof.

F5: The RSUs vested in three equal annual installments commencing April 23, 2010.