Hemisphere Media Group Inc. (HMTV): Luxor Unloads 2.80 Million Shares as Part of Agreement

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Page 13 of 15 – SEC Filing
Luxor Capital Group, as the investment manager of the Luxor Funds, may be deemed to have beneficially owned 1,245,179 shares of Common Stock, constituting approximately 10.1% of the outstanding shares of Common Stock.
Luxor Management, as the general partner of Luxor Capital Group, may be deemed to have beneficially owned the 1,245,179 shares of Common Stock beneficially owned by Luxor Capital Group, constituting approximately 10.1% of the outstanding shares of Common Stock.
Mr. Leone, as the managing member of Luxor Management, may be deemed to have beneficially owned the 1,245,179 shares of Common Stock beneficially owned by Luxor Management, constituting approximately 10.1% of the outstanding shares of Common Stock.
As of the date hereof, none of the Wavefront Fund, the Thebes Master Fund or the Separately Managed Account beneficially owns any Common Stock.
Item 5(c) is hereby amended to add the following:
(c) On June 8, 2016, the Reporting Persons entered into the Agreement as defined and described in Item 4 above whereby the Reporting Persons sold an aggregate of 2,800,000 shares of Common Stock at a purchase price per share of $10.50 as follows: (i) 578,057 shares of Common Stock from the Onshore Fund, (ii) 1,255,729 shares of Common Stock from the Offshore Fund, (iii) 834,922 shares of Common Stock from the Wavefront Fund, (iv) 75,601 shares of Common Stock from the Thebes Master Fund, and (v) 55,691 shares of Common Stock from the Separately Managed Account.
ITEM 6. Contracts, Arrangements, Understandings or Relationships With Respect to Securities of the Issuer.
Item 6 is hereby amended to add the following:
On June 8, 2016, the Reporting Persons entered into the Agreement which, as defined and described in Item 4 above, is incorporated by reference into this Item 6 and attached as Exhibit 99.1 hereto.
ITEM 7. Material to be Filed as Exhibits.
Item 7 is hereby amended to add the following exhibit:
99.1. Stock Repurchase & Lock-Up Agreement, dated as of June 8, 2016, by and among Hemisphere Media Group, Inc. and Luxor Capital Group, LP.

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