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 *

Leonard Ray 		2. Issuer Name and Ticker or Trading Symbol

HYPERDYNAMICS CORP [ HDYN ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

C/O HYPERDYNAMICS CORPORATION, 12012 WICKCHESTER LANE, SUITE 475 		3. Date of Earliest Transaction (MM/DD/YYYY)

3/17/2017
(Street)

HOUSTON, TX 77079
(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

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
1% Series A Convertible Preferred Stock   $2.75   (1) 3/17/2017     P      50         (2) 12/17/2017   Common Stock   18909   (1) $2.75   50   D    
Common Stock Warrant (Right to Buy)   $3.50   3/17/2017     P      11150       3/17/2017   3/16/2019   Common Stock   11150   $3.50   11150   D    

Explanation of Responses:
(1)  The stated value of the Series A Convertible Preferred Stock ($1,040 per share) plus any accrued but unpaid dividends is convertible into issuer's common stock at a price per share equal to the lower of (i) $2.75 (subject to adjustment in certain circumstances), or (ii) 80% of the lowest closing price during 21 consecutive trading days ending on the trading day immediately prior to the conversion date, subject to a floor of $0.25 per share (which floor is subject to adjustment in certain circumstances). This number assumes conversion in full on the date of acquisition (See Note 2 below) at a conversion price of $2.75 per share of common stock.
(2)  The Series A Convertible preferred stock is convertible at the option of the reporting person, in whole or in part, into shares of common stock at any time after the earlier (i) the date a registration statement under the Securities Act of 1933, as amended, registering for resale shares of common stock issuable upon conversion of the Series A Convertible preferred stock is declared effective by the Securities and Exchange Commission or (ii) September 17, 2017. If no conversion has taken place by December 17, 2017, shares of the Series A Convertible preferred stock will automatically convert into shares of common stock of the issuer.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Leonard Ray
C/O HYPERDYNAMICS CORPORATION
12012 WICKCHESTER LANE, SUITE 475
HOUSTON, TX 77079 		X
CEO and President

Signatures
/s/ Paolo Amoruso, Attorney-in-fact 6/21/2017
** 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.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.
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