Report of Foreign Issuer (6-k)

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16 OR 15D-16

OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of November 2016

Commission File Number 001-33922

DRYSHIPS INC .

109 Kifissias Avenue and Sina Street

151 24, Marousi

Athens, Greece

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.

Form 20-F [X] Form 40-F [ ]

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): [ ].

Note : Regulation S-T Rule 101(b)(1) only permits the submission in paper of a Form 6-K if submitted solely to provide an attached annual report to security holders.

Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): [ ].

Note : Regulation S-T Rule 101(b)(7) only permits the submission in paper of a Form 6-K if submitted to furnish a report or other document that the registrant foreign private issuer must furnish and make public under the laws of the jurisdiction in which the registrant is incorporated, domiciled or legally organized (the registrant's "home country"), or under the rules of the home country exchange on which the registrant's securities are traded, as long as the report or other document is not a press release, is not required to be and has not been distributed to the registrant's security holders, and, if discussing a material event, has already been the subject of a Form 6-K submission or other Commission filing on EDGAR.

INFORMATION CONTAINED IN THIS FORM 6-K REPORT

The previously announced one-for-fifteen reverse stock split (the "Reverse Stock Split") of the common shares, par value $0.01 per share, of DryShips Inc. (the "Company") became effective today, November 1, 2016. The Company's common shares began trading on a split-adjusted basis on the NASDAQ Capital Market under the existing trading symbol "DRYS" as of the opening of trading today. The new CUSIP number assigned to the common stock as of the time of effectiveness of the Reverse Stock Split is Y2109Q309. The Company's shareholders approved the Reverse Stock Split at the Company's special meeting of shareholders held on October 26, 2016.

Attached to this Report as Exhibit 3.4 is a copy of the Articles of Amendment to the Amended and Restated Articles of Incorporation of the Company, filed with the Registrar of Corporations of the Republic of the Marshall Islands on October 31, 2016, to effect the Reverse Stock Split.

This Report on Form 6-K and the exhibit hereto are hereby incorporated by reference into the Company's Registration Statement on Form F-3 (Registration No. 333-202821) filed with the Securities and Exchange Commission on April 29, 2015.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	DRYSHIPS INC.
	(Registrant)



Dated: November 1, 2016	By:	/s/ George Economou
		George Economou
		Chief Executive Officer

Exhibit 3.4

ARTICLES OF AMENDMENT TO THE

AMENDED AND RESTATED ARTICLES OF INCORPORATION

DRYSHIPS INC.

PURSUANT TO SECTION 90 OF

THE MARSHALL ISLANDS BUSINESS CORPORATIONS ACT

I, Anthony Kandylidis, as the Executive Vice President and Interim Chief Financial Officer of DryShips Inc., a corporation incorporated under the laws of the Republic of the Marshall Islands (the "Corporation"), for the purpose of amending the Amended and Restated Articles of Incorporation of said Corporation pursuant to Section 90 of the Business Corporations Act, as amended, hereby certify that:

The name of the Corporation is: DRYSHIPS INC.

The Articles of Incorporation were filed with the Registrar of Corporations as of the 9 ^th day of September 2004.

Articles of Amendment were filed with the Registrar of Corporations on the 18 ^th day of October 2004.

Amended and Restated Articles of Incorporation were filed with the Registrar of Corporations on the 31 ^st day of January 2005.

Articles of Amendment were filed with the Registrar of Corporations on the 14 ^th day of September 2006.

Articles of Amendment were filed with the Registrar of Corporations on the 17 ^th day of January 2008.

The Statement of Designations of rights, preferences and privileges of the Corporation's Series A Participating Preferred Stock was filed with the Registrar of Corporations on the 18 ^th day of January 2008.

The Statement of Designations of rights, preferences and privileges of the Corporation's Series A Convertible Preferred Stock was filed with the Registrar of Corporations on the 15 ^th day of July 2009.

The Statement of Designations of rights, preferences and privileges of the Corporation's Series B Preferred Stock was filed with the Registrar of Corporations on the 28 ^th day of December 2015.

10.

Articles of Amendment were filed with the Registrar of Corporations on the 10 ^th day of March 2016.

11.

The Statement of Designations, preferences and rights of the Corporation's Series C Convertible Preferred Stock was filed with the Registrar of Corporations on the 8 ^th day of June 2016.

12.

Articles of Amendment were filed with the Registrar of Corporations on the 12 ^th day of August 2016.

13.

The Statement of Designations of rights, preferences and privileges of the Corporation's Series D Preferred Stock was filed with the Registrar of Corporations on the 9 ^th day of September 2016.

14.

Section D of the Amended and Restated Articles of Incorporation is hereby amended by adding the following paragraph:

"(e) Reverse Stock Split . Effective with the commencement of business on November 1, 2016, the Corporation shall effect a one-for-fifteen reverse stock split as to its issued shares of common stock, par value $0.01 per share. No fractional shares shall be issued and, in lieu thereof, holders of the Corporation's common stock, par value $0.01 per share, shall receive a cash payment. As a result of the reverse stock split, the number of issued shares of the Corporation's common stock, par value $0.01 per share, shall decrease from 17,025,140 to approximately 1,135,009 which may be further adjusted for the cancellation of fractional shares. The reverse stock split shall not change the number of registered shares of common stock, par value $0.01 per share, the Corporation is authorized to issue or the par value of the common stock. The stated capital of the Corporation shall be reduced from $170,251.40 to $11,350.09, which may be further adjusted for the cancellation of fractional shares, and the amount of $158,901.31, which may be further adjusted for the cancellation of fractional shares, is allocated to surplus."

15.

All of the other provisions of the Amended and Restated Articles of Incorporation shall remain unchanged.

16.

This amendment to the Amended and Restated Articles of Incorporation was authorized by vote of the holders of a majority of the voting power of the total number of shares of the Corporation issued and outstanding and entitled to vote thereon at the annual meeting of shareholders of the Corporation held on October 26, 2016, and by the Corporation's Board of Directors on September 7, 2016.

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IN WITNESS WHEREOF , I have executed this Amendment to the Amended and Restated Articles of Incorporation on this 31 ^st day of October, 2016.