Saban Capital Acquisition Corp. (SCAC): Billionaire Glenn Russell Dubin’s Highbridge Capital Management Acquires 7.45% Stake

Page 5 of 8 – SEC Filing

	(f)	¨	Employee Benefit Plan or Endowment Fund in accordance with Rule 13d-1(b)(1)(ii)(F),
	(g)	¨	Parent Holding Company or control person in accordance with Rule 13d-1(b)(1)(ii)(G),
	(h)	¨	Savings Association as defined in Section 3(b) of the Federal Deposit Insurance Act,
	(i)	¨	A church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act;
	(j)	¨	A non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J);
	(k)	¨	Group, in accordance with Rule 13d-1(b)(1)(ii)(K).

If filing as a non-U.S. institution in accordance with Rule 13d-1(b)(1)(ii)(J), please specify the type of institution: _______________________________________

Item 4.

OWNERSHIP.

(a)

Amount beneficially owned:

As of the date hereof, (i) Highbridge International LLC may be deemed to beneficially own 1,750,000 Class A Ordinary Shares and (ii) Highbridge Capital Management, LLC, as the trading manager of Highbridge International LLC  may be deemed to be the beneficial owner of 1,750,000 Class A Ordinary Shares held by Highbridge International LLC.

(b)

Percent of class:

		The percentages used herein and in the rest of this Schedule 13G are calculated based upon 23,500,000 Class A Ordinary Shares reported to be outstanding in the Company’s Prospectus filed with the Securities and Exchange Commission pursuant to Rule 424(b)(4) on September 19, 2016 after giving effect to the completion of the offering, as described therein.  Therefore, as of the date hereof, (i) Highbridge International LLC may be deemed to beneficially own approximately 7.45% of the outstanding Class A Ordinary Shares of the Company and (ii) Highbridge Capital Management, LLC may be deemed to beneficially own approximately 7.45% of the outstanding Class A Ordinary Shares of the Company.
		The foregoing should not be construed in and of itself as an admission by any Reporting Person as to beneficial ownership of the Class A Ordinary Shares held by Highbridge International LLC.

Item 5.	OWNERSHIP OF FIVE PERCENT OR LESS OF A CLASS.
	Not applicable.