Oasis Management Co Ltd. Trims Position in Carmike Cinemas Inc (CKEC)

Page 6 of 8 SEC Filing

This Amendment No. 1 (“Amendment No.
1“) amends and supplements the statement on Schedule 13D filed with the Securities and Exchange Commission (the “SEC“)
on October 19, 2015 (the “Original Schedule 13D” and the Original Schedule 13D as amended by this Amendment No.
1, the “Schedule 13D“) with respect to the common stock, par value $0.03 per share (the “Shares“),
of Carmike Cinemas, Inc., a Delaware corporation (the “Issuer“). Capitalized terms used herein and not otherwise
defined in this Amendment No. 1 have the meanings set forth in the Schedule 13D. This Amendment No. 1 amends Items 3 and 5 as set
forth below. This is the final amendment to the Schedule 13D and constitutes an “exiting filing” for the Reporting Persons.

Item 3.	SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
	Funds for the purchase of the Shares by Oasis II Fund reported herein were derived from general working capital and margin account borrowings made in the ordinary course of business.  In such instances, the positions held in the margin accounts are pledged as collateral security for the repayment of debit balances in the account, which may exist from time to time.  Since other securities are held in the margin accounts, it is not possible to determine the amounts, if any, of margin used to purchase the Shares reported herein.  A total of $23,021,438.50 was paid to acquire the 959,842 Shares reported herein.

Item 5.	INTEREST IN SECURITIES OF THE ISSUER
(a)	See rows (11) and (13) of the cover pages to this Schedule 13D for the aggregate number of Shares and percentages of the Shares beneficially owned by each of the Reporting Persons.  The percentages used in this Schedule 13D are calculated based upon 24,598,206 Shares reported to be outstanding as of January 29, 2016 in the Issuer’s Annual Report on Form 10-K for the fiscal year ended December 31, 2015 filed with the SEC on February 29, 2016.
(b)	See rows (7) through (10) of the cover pages to this Schedule 13D for the number of Shares as to which each Reporting Person has the sole or shared power to vote or direct the vote and sole or shared power to dispose or to direct the disposition.
(c)	The transactions in the Shares by Oasis II Fund within the past sixty days, which were all in the open market, are set forth in Schedule A, and are incorporated herein by reference. The other Reporting Persons did not enter into any transactions in the Shares within the past sixty days.
(d)	No person other than the Reporting Persons is known to have the right to receive, or the power to direct the receipt of dividends from, or proceeds from the sale of, such Shares.
(e)	March 16, 2016.

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