Filing Details

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. ___)* Gulf Coast Ultra Deep Royalty Trust (Name of Issuer) Royal Trust Units (Title of Class of Securities) 40222T104 (CUSIP Number) 12/1/2016 (Date of Event which Requires Filing of this Statement) Check the appropriate box to designate the rule pursuant to which this Schedule is filed: [X] Rule 13d-1(b) [_] Rule 13d-1(c) [_] Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes). SCHEDULE 13G CUSIP No. 106776107 1 Names of Reporting Persons Akanthos Capital Management, LLC 2 Check the appropriate box if a member of a Group (see instructions) (a)[_] (b)[X] 3 Sec Use Only 4 Citizenship or Place of Organization State of Delaware Number of Shares Beneficially Owned by Each Reporting Person With: 5 Sole Voting Power 11,678,000 (see Note to Item 4 below) 6 Shared Voting Power 0 7 Sole Dispositive Power 11,678,000 (see Note to Item 4 below) 8 Shared Dispositive Power 0 9 Aggregate Amount Beneficially Owned by Each Reporting Person 11,678,000 (see Note to Item 4 below) 10 Check box if the aggregate amount in row (9) excludes certain shares [ ] 11 Percent of class represented by amount in row (9) 5.07% 12 Type of Reporting Person (See Instructions) IA Item 1. (a) Name of Issuer: Gulf Coast Ultra Deep Royalty Trust (b) Address of Issuer's Principal Executive Offices: The Bank of New York Mellon Trust Company, N.A., as trustee Institutional Trust Services 919 Congress Avenue, Suite 500 Austin, TX 78701 Item 2. (a) Name of Person Filing: Akanthos Capital Management, LLC (b) Address of Principal Business Office or, if None, Residence: 21700 Oxnard Street, Suite 1730 Woodland Hills, CA 91367 (c) Citizenship: Delaware LLC (d) Title and Class of Securities: Royalty Trust Units (e) CUSIP No.: 40222T104 Item 3. If this statement is filed pursuant to 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a: (e) [X] An investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E); Item 4. Ownership (a) Amount Beneficially Owned: 11,678,000 (see Note below) (b) Percent of Class: 5.07 (c) Number of shares as to which such person has: (i) Sole power to vote or to direct the vote: 11,678,000 (see Note below) (ii) Shared power to vote or to direct the vote: 0 (iii) Sole power to dispose or to direct the disposition of:11,678,000(see Note) (iv) Shared power to dispose or to direct the disposition of: 0 NOTE: Akanthos Capital Management, LLC ("Akanthos"), an investment advisor that is registered under the Investment Advisors Act of 1940, furnishes investment advice to and mange onshore and offshore investment funds and separate managed accounts. In its role as an investment advisor, or manager, Akanthos possesses voting and/or investment power over the securities of the Issuer described in this schedule that are owned by the Funds. All securities reported in this schedule are owned by the Funds. Akanthos disclaims beneficial ownership of such securities. Item 5. Ownership of Five Percent or Less of a Class. Not Applicable Item 6. Ownership of more than Five Percent on Behalf of Another Person. All securities reported in this schedule are owned by Akanthos' advisory clients, none of which to Akanthos' knowledge owns more than 5% of the class. Akanthos itself disclaims beneficial ownership of all such securities. Item 7. Identification and classification of the subsidiary which acquired the security being reported on by the parent holding company or control person. Not Applicable Item 8. Identification and classification of members of the group. Not Applicable Item 9. Notice of Dissolution of Group. Not Applicable Item 10. Certifications. 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. Dated:January 18, 2017 /s/ Michael Kao Michael Kao, CEO The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative (other than an executive officer or general partner of this filing person), evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Attention: Intentional misstatements or omissions of fact constitute Federal criminal violations (See 18 U.S.C. 1001). Page 2 of 5 1297544.3