13G Filing: Luxor Capital Group and Sunedison, Inc. (SUNE)

(i)

The Onshore Fund beneficially owned 9,504,839 Shares, including 1,089,374 Shares underlying currently exercisable warrants held directly by Luxor Capital, LLC (“Luxor LLC”), an affiliate of the Reporting Persons;

(ii)

The Wavefront Fund beneficially owned 2,107,965 Shares, including 257,678 Shares underlying currently exercisable warrants held directly by Luxor LLC;

(iii)

The Offshore Master Fund beneficially owned 9,007,408 Shares, including 1,024,508 Shares underlying currently exercisable warrants held directly by Luxor LLC. The Offshore Feeder Fund, as the owner of a controlling interest in the Offshore Master Fund, may be deemed to have beneficially owned the Shares beneficially owned by the Offshore Master Fund;

(iv)

The Thebes Master Fund beneficially owned 191,768 Shares. The Thebes Feeder Fund, as the owner of a controlling interest in the Thebes Master Fund, may be deemed to have beneficially owned the Shares beneficially owned by the Thebes Master Fund;

(v)

LCG Holdings, as the general partner of the Onshore Fund, the Wavefront Fund, the Offshore Master Fund, and the Thebes Master Fund may be deemed to have beneficially owned the 20,811,980 Shares beneficially owned by the Onshore Fund, the Wavefront Fund, the Offshore Master Fund, and the Thebes Master Fund, including 2,371,560 Shares underlying currently exercisable warrants held directly by Luxor LLC ;

(vi)

Luxor Capital Group, as the investment manager of the Funds, may be deemed to have beneficially owned the 20,811,980 Shares beneficially owned by the Funds;

(vii)

Luxor Management, as the general partner of Luxor Capital Group, may be deemed to have beneficially owned the 20,811,980 Shares beneficially owned by Luxor Capital Group; and

(viii)

Mr. Leone, as the managing member of Luxor Management, may be deemed to have beneficially owned the 20,811,980 Shares beneficially owned by Luxor Management.

(b)	Percent of Class:

The aggregate percentage of Shares reported owned by each person named herein is based upon an aggregate of 395,336,198 Shares outstanding, based on information provided by the Issuer.

As of the close of business on January 7, 2016,

(i)

The Onshore Fund beneficially owned approximately 2.4% of the outstanding Shares;

(ii)

The Wavefront Fund beneficially owned less than 1% of the outstanding Shares;

(iii)

The Offshore Master Fund beneficially owned approximately 2.3% of the outstanding Shares and the Offshore Feeder Fund may be deemed to have beneficially owned approximately 2.3% of the outstanding Shares;