Cineverse Corp. — Director's Dealing 2015

Aug 3, 2015

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Cinedigm Corp. (CIDM)
CIK: 0001173204
Period of Report: 2015-07-30

Reporting Person: Rhine Zvi Michael (Director, See Remarks)
Reporting Person: Sabra Capital Partners, LLC (See Remarks)
Reporting Person: Sabra Investments, LP (See Remarks)

Holdings (Non-Derivative)

Security	Shares	Ownership
Class A Common Stock	474100	Direct
Class A Common Stock	1070000	Indirect
Class A Common Stock	74000	Indirect

Holdings (Derivative)

Security	Exercise Price	Expiration	Underlying	Shares	Ownership
Warrant	$1.85	2018-10-21	Class A Common Stock (26250)	26250	Direct
Warrant	$1.85	2018-10-21	Class A Common Stock (52500)	52500	Indirect

Footnotes

F1: The reporting persons were members of a Section 13(d) group that owned more than 10% of the Issuer's Class A Common Stock by virtue of entry into a group agreement. Effective as of July 30, 2015, the members of the group terminated the group agreement and the group pursuant to a termination agreement. The Issuer appointed Mr. Rhine to its Board of Directors on July 30, 2015.

F2: The indicated securities are owned by Sabra Investments, LP (the "Fund").

F3: The indicated securities are owned by Sabra Capital Partners, LLC (the "General Partner").

F4: The General Partner, as the general partner of the Fund, may be deemed to beneficially own the shares of Class A Common Stock disclosed as directly owned by the Fund in this statement. As the principal of the Fund and the General Partner, Mr. Rhine may be deemed to beneficially own the shares of Class A Common Stock disclosed as directly owned by the Fund and the General Partner in this report. Each of the General Partner and Mr. Rhine expressly disclaims such beneficial ownership by them.