INNOVATE Corp. — Director's Dealing 2016

Nov 15, 2016

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: HC2 HOLDINGS, INC. (HCHC)
CIK: 0001006837
Period of Report: 2016-11-11

Reporting Person: FALCONE PHILIP (Director, CEO, Chairman and President, 10% Owner)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2016-11-11	Common Stock	P	31200	$4.4065	Acquired	784827	Direct

Holdings (Non-Derivative)

Security	Shares	Ownership
Common Stock	540000	Indirect

Footnotes

F1: The price reported in Column 4 is a weighted average price. These shares were purchased in multiple transactions at prices ranging from $4.3874 to $4.586, inclusive. The Reporting Person undertakes to provide to the Issuer, any security holder of the Issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares purchased at each separate price within the ranges set forth in this footnote 1.

F2: The direct beneficial share ownership reported in this line item reflects a reduction of 540,000 shares that were inaccurately reported in prior Form 4s as directly beneficially owned by the Reporting Person. These shares have been owned by Global Opportunities Breakaway MM LLC ("Global MM LLC") since October 2015 when the acquisition of such shares was consummated by Global MM LLC.

F3: Reporting Person is the Managing Member of Global MM LLC and has sole voting and investment control.