13D Filing: Okumus Fund Management is Still Activist on Ascent Capital Group, Inc. (ASCMA)

Ahmet OkumusOkumus Fund Management has just filed a Form 13D with the SEC, updating the regulatory body on its position in Ascent Capital Group Inc (NASDAQ:ASCMA). The activist filing shows that the fund’s position in the company has remained unchanged from the end of 2015 at just under 1.29 million shares, and that it was filed to refute a mistakenly-filed 13G on the company earlier today, which would’ve suggested that the fund was no longer an activist shareholder of the stock. You can see the latest ownership position in the table below, while the filing is embedded below and on the following pages.

You can access the original SEC filing by clicking here.

Ownership Summary Table

Name Sole Voting Power Shared Voting Power Sole Dispositive Power Shared Dispositive Power Aggregate Amount Owned Power Percent of Class
Okumus Fund Management Ltd 0 1,289,727 0 1,289,727 1,289,727 10.5%
Okumus Opportunistic Value Fund, Ltd 0 1,289,727 0 1,289,727 1,289,727 10.5%
Ahmet H. Okumus 0 1,289,727 0 1,289,727 1,289,727 10.5%

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Page 1 of 6 SEC Filing

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
SCHEDULE 13D/A
THE SECURITIES EXCHANGE ACT OF 1934
(Amendment No. 1)
Ascent Capital Group, Inc.
(Name of Issuer)
Series A Common Stock, $0.01 par value
(Title of Class of Securities)
043632108
(CUSIP Number)
AHMET H. OKUMUS
c/o Okumus Fund Management Ltd.
767 Third Avenue, 35th Floor
New York, NY 10017
212-201-2640
(Name, Address and Telephone Number of Person Authorized to Receive
Notices and Communications)
February 16, 2016
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of ss.240.13D-1(e), 240.13d‑1(f) or 240.13d-1(g), check the following box [X ].

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Page 2 of 6 SEC Filing

CUSIP No.
043632108
1.
NAME OF REPORTING PERSONS
Okumus Fund Management Ltd.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[_]
(b)
[X]
3.
SEC USE ONLY
4.
SOURCE OF FUNDS
AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
1,289,727
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
1,289,727
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,289,727
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[_]
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.5%
14.
TYPE OF REPORTING PERSON
CO, IA

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Page 3 of 6 SEC Filing

CUSIP No.
043632108
1.
NAME OF REPORTING PERSONS
Okumus Opportunistic Value Fund, Ltd.
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[_]
(b)
[X]
3.
SEC USE ONLY
4.
SOURCE OF FUNDS
WC
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
British Virgin Islands
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
1,289,727
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
1,289,727
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,289,727
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
[_]
10.5%
14.
TYPE OF REPORTING PERSON
CO

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Page 4 of 6 SEC Filing

CUSIP No.
043632108
1.
NAME OF REPORTING PERSONS
Ahmet H. Okumus
2.
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a)
[_]
(b)
[X]
3.
SEC USE ONLY
4.
SOURCE OF FUNDS
AF
5.
CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
[_]
6.
CITIZENSHIP OR PLACE OF ORGANIZATION
Republic of Turkey
NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH
7.
SOLE VOTING POWER
0
8.
SHARED VOTING POWER
1,289,727
9.
SOLE DISPOSITIVE POWER
0
10.
SHARED DISPOSITIVE POWER
1,289,727
11.
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING
PERSON
1,289,727
12.
CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN SHARES
[_]
13.
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
10.5%
14.
TYPE OF REPORTING PERSON
IN, HC

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Page 5 of 6 SEC Filing

CUSIP No.
043632108
The following constitutes Amendment No. 1 to the Schedule 13D filed by the undersigned (“Amendment No. 1”).  This Amendment No. 1 amends the Schedule 13D as specifically set forth herein.
Item 4.
Purpose of Transaction.
Item 4 is hereby amended to add the following:
On February 16, 2016, the Reporting Persons mistakenly filed a Schedule 13G/A for Ascent Capital Group, Inc.  Such filing should be disregarded.
Item 6.
Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
N/A
Item 7.
Material to be Filed as Exhibits.
N/A

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Page 6 of 6 SEC Filing

SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Okumus Fund Management Ltd.
By:
/s/ Ahmet H. Okumus
Name:
Ahmet H. Okumus
Title:
President
Okumus Opportunistic Value Fund, Ltd.
By:
/s/ Ahmet H. Okumus
Name:
Ahmet H. Okumus
Title:
President
/s/ Ahmet H. Okumus
Ahmet H. Okumus
February 16, 2016
Attention:  Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).
SK 21952 0014 7047643

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