FORM 4
[ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

SILLERMAN ROBERT F X 		2. Issuer Name and Ticker or Trading Symbol

Function(x) Inc. [ FNCX ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
Chairman & CEO
(Last)          (First)          (Middle)

902 BROADWAY, FLOOR 11 		3. Date of Earliest Transaction (MM/DD/YYYY)

8/22/2016
(Street)

NEW YORK, NY 10010
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8) 		4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4) 		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock   (1)                30811268   I   1   (1)
Common Stock                  37268   D    
Common Stock                  8750000   I   2   (2)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8) 		5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5) 		6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4) 		8. Price of Derivative Security
(Instr. 5) 		9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Series C Preferred Stock     (16) 8/22/2016     A      23264       8/22/2016     (17) Common Stock     (12) $12   (12) 16   (16) I   1   (1)
Series C Preferred Stock     (16) 8/22/2016     A      153       8/22/2016     (17) Common Stock     (12) $13   (13) 16   D    
Series C Preferred Stock     (16) 8/22/2016     A      4050       8/22/2016     (17) Common Stock     (12)   (14) 16   (16) I   2   (2)
Series C Preferred Stock     (16) 8/22/2016     A      3608       8/22/2016     (17) Common Stock     (16)   (15) 16   (16) I   3   (3)
Restricted Stock Unit     (11)                    (11)   (11) Common Stock   93054   (11)   93054   (11) D    
Warrants (right to buy)   $1.78                    3/16/2015   3/16/2020   Common Stock   350000     350000   (4) I   1   (1)
Warrants (right to buy)   $3.51                    10/24/2014   10/24/2019   Common Stock   225000     225000   (5) I   1   (1)
Warrants (right to buy)   $2.98                    11/25/2014   11/25/2019   Common Stock   150000     150000   (6) I   1   (1)
Warrants (right to buy)   $3.63                    12/15/2014   12/15/2019   Common Stock   775000     775000   (7) I   1   (1)
Warrants (right to buy)   $80                    3/11/2013   3/11/2018   Common Stock   125000     125000   (8) I   1   (1)
Warrants (right to buy)   $55.2                    9/16/2013   9/16/2018   Common Stock   62500     62500   (9) I   1   (1)
Warrants (right to buy)   $80                      (10)   (10) Common Stock   175563     175563   (10) I   10   (10)

Explanation of Responses:
( 1)  Held by Sillerman Investment Company III LLC ("SIC III"), of which the Reporting Person is the manager and sole member. These shares were acquired in a transaction exempt from the provisions of Section 16(b) pursuant to Rule 16-b(3) thereunder.
( 2)  Held by Sillerman Investment Company IV LLC ("SIC IV"), of which the reporting person is the manager and sole member. These shares were acquired in a transaction exempt from the provisions of Section 16(b) pursuant to Rule 16b-3 thereunder.
( 3)  Held by Sillerman Investment Company VI ("SIC VI"), of which the Reporting Person is the manager and sole member. These shares were acquired in a transaction exempt from the provisions of Section 16(b) pursuant to Rule 16b-3 thereunder.
( 4)  Warrants previously acquired by SIC III, exercisable at $1.78 per share.
( 5)  Warrants previously acquired by SIC III, exercisable at $3.51 per share.
( 6)  Warrants previously acquired by SIC III, exercisable at $2.98 per share.
( 7)  Warrants previously acquired by SIC III, exercisable at $3.63 per share.
( 8)  Warrants previously acquired by the Reporting Person, exercisable at $80.00 per share.
( 9)  Warrants previously acquired by Sillerman Investment Company II, LLC ("SIC II"), of which the Reporting Person is the manager and sole member, exercisable at $55.20 per share.
( 10)  Warrants previously acquired by SIC II, exercisable at $80.00 per share.
( 11)  Restricted stock units in respect of 155,090 shares of Common Stock granted pursuant to the Company's 2011 Executive Incentive Plan. These restricted stock units vested as to 31,018 shares on May 1, 2015 and an additional 31,018 shares will vest on each of May 1, 2017, May 1, 2018 and May 1, 2019. Each restricted stock unit represents the right to receive, at settlement, one (1) share of common stock. This transaction represents the settlement of restricted stock units in shares of common stock on their scheduled vesting date.
( 12)  Debt held by SIC III was exchanged for shares of Series C Preferred Stock.
( 13)  Debt held by the Reporting Person was exchanged for shares of Series C Preferred Stock.
( 14)  Debt held by SIC IV was exchanged for shares of Series C Preferred Stock.
( 15)  Debt held by SIC VI was exchanged for shares of Series C Preferred Stock.
( 16)  Subject to the existing Exchange Agreement, the Series C Preferred Shares are exchangeable for common shares, the number of which will be based on the pricing at the time of exchange.
( 17)  The Series C Preferres Shares are exchangeable for common shares pursuant to a pre-existing exchange agreement. Any exchange is subject to certain conditions but there is no expiration on the time at which such exchange may occur.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
SILLERMAN ROBERT F X
902 BROADWAY
FLOOR 11
NEW YORK, NY 10010 		X X Chairman & CEO

Signatures
/s/ Robert F.X. Sillerman 8/26/2016
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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