FORM 3
        
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *

CYRUS CAPITAL PARTNERS, L.P.

2. Date of Event Requiring Statement (MM/DD/YYYY)
1/1/2018 

3. Issuer Name and Ticker or Trading Symbol

Sphere 3D Corp [ANY]

(Last)        (First)        (Middle)

65 E. 55TH STREET, 35TH FLOOR

4. Relationship of Reporting Person(s) to Issuer (Check all applicable)

_____ Director                            ___ X ___ 10% Owner
_____ Officer (give title below)          _____ Other (specify below)

(Street)

NEW YORK, NY 10022       

(City)              (State)              (Zip)
5. If Amendment, Date Original Filed (MM/DD/YYYY)

 

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

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


Table I - Non-Derivative Securities Beneficially Owned
1.Title of Security
(Instr. 4)
2. Amount of Securities Beneficially Owned
(Instr. 4)
3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)
4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock   1019196   I   See Footnote   (1)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 4)
2. Date Exercisable and Expiration Date
(MM/DD/YYYY)
3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)
4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)
6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Convertible Promissory Notes   12/1/2014   3/30/2018   Common Stock   326667   (4) $75.00   I   See Footnote   (2) (3)
Warrant (Right to Buy)   2/20/2015   2/20/2018   Common Stock   4000   $112.50   I   See Footnote   (2) (3) (5)
Warrant (Right to Buy)   3/6/2015   3/19/2018   Common Stock   4000   $180.25   I   See Footnote   (2) (3) (5)
Warrant (Right to Buy)   3/20/2015   3/20/2018   Common Stock   4000   $125.50   I   See Footnote   (2) (3) (5)
Warrant (Right to Buy)   12/21/2015   12/21/2018   Common Stock   20000   $38.50   I   See Footnote   (2) (3) (5)
Warrant (Right to Buy)   2/26/2016   2/26/2019   Common Stock   20000   $40.50   I   See Footnote   (2) (3) (5)

Explanation of Responses:
(1)  Cyrus Opportunities Master Fund II, Ltd. ("Cyrus Opportunities") directly owns 18,934 shares of Common Stock of the Issuer; CRS Master Fund, L.P. ("CRS") directly owns 6,058 shares of Common Stock of the Issuer; Crescent I, L.P. ("Crescent") directly owns 6,961 shares of Common Stock of the Issuer;. Cyrus Select Opportunities Master Fund, Ltd. ("Cyrus Select") directly owns 3,057 shares of Common Stock of the Issuer; and FBC Holdings S.a r.l. ("FBC) directly owns 984,186 shares of Common Stock of the Issuer.
(2)  This statement is being filed by Cyrus Capital Partners, L.P. ("Cyrus"), Cyrus Capital Partners GP, L.L.C. ("Cyrus GP") , Cyrus Opportunities, CRS, Crescent, Cyrus Select, FBC, Cyrus Capital Advisors, L.L.C. ("Cyrus Advisors") and Stephen C. Freidheim (each of Cyrus, Cyrus GP, Cyrus Opportunities, CRS, Crescent, Cyrus Select, Cyrus Advisors, FBC and Mr. Freidheim, collectively the "Reporting Persons"). Each of Cyrus Opportunities, CRS, Crescent, Cyrus Select and FBC are private investment funds engaged in the business of acquiring, holding and disposing of investments in various companies. Cyrus is the investment manager of each of these private investment funds. Cyrus GP is the general partner of Cyrus. Cyrus Advisors is the general partner of Crescent and CRS. FBC is a wholly owned subsidiary of Cryus Opportunities. CRS, Crescent, Cyrus Europe Master Fund, Ltd.and Cyrus Select. Mr. Friedheim is the managing member of Cyrus GP and Cyrus Advisors and is the CIO of Cyrus.
(3)  Pursaunt to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that each Reporting Person was, for the purposes of Section 16 of the Exchange Act or otherwise, the beneficial owner of any securities of the Issuer held by the Reporting Persons, and such beneficial ownership was and is expressly disclaimed by the Reporting Persons except to the extent of their pecuniary interest.
(4)  The Convertible Promissory Notes dated as of December 1, 2014 by and between the Issuer and FBC (the "Notes") and are convertible, in whole or in part, by the holder into a number of shares of Common Stock equal to the principal amount of the Notes being converted divided by $75.00. The Notes are directly owned by FBC.
(5)  The Warrants are held directly by FBC.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
CYRUS CAPITAL PARTNERS, L.P.
65 E. 55TH STREET
35TH FLOOR
NEW YORK, NY 10022

X

CYRUS CAPITAL PARTNERS GP, LLC
C/O CYRUS CAPITAL PARTNERS, L.P.
65 E. 55TH STREET, 35TH FLOOR
NEW YORK, NY 10022

X

FREIDHEIM STEPHEN C
C/O CYRUS CAPITAL PARTNERS, L.P.
65 E. 55TH STREET, 35TH FLOOR
NEW YORK, NY 10022

X

CRESCENT 1 LP
C/O CYRUS CAPITAL PARTNERS, L.P.
65 E. 55TH STREET, 35TH FLOOR
NEW YORK, NY 10022

X

Cyrus Select Opportunities Master Fund, Ltd.
C/O CYRUS CAPITAL PARTNERS, L.P.
65 E. 55TH STREET, 35TH FLOOR
NEW YORK, NY 10022

X

CRS Master Fund, L.P.
C/O CYRUS CAPITAL PARTNERS, L.P.
65 E. 55TH STREET, 35TH FLOOR
NEW YORK, NY 10022

X

Cyrus Opportunities Master Fund II, Ltd.
C/O CYRUS CAPITAL PARTNERS, L.P.
65 E. 55TH STREET, 35TH FLOOR
NEW YORK, NY 10022

X

Cyrus Capital Advisors, L.L.C.
C/O CYRUS CAPITAL PARTNERS, L.P.
65 E. 55TH STREET, 35TH FLOOR
NEW YORK, NY 10022

X

FBC HOLDINGS S.A.R.L.
C/O CYRUS CAPITAL PARTNERS, L.P.
65 E. 55TH STREET, 35TH FLOOR
NEW YORK, NY 10022

X


Signatures
/s/Stephen C. Freidheim, Manager of Cyrus Capital Partners GP, L.L.C., the general partner of Cyrus Capital Partners, L.P. 2/23/2018
** Signature of Reporting Person Date

/s/Stephen C. Freidheim, Manager of Cyrus Capital Partners GP, L.L.C. 2/23/2018
** Signature of Reporting Person Date

/s/Stephen C. Freidheim, individually 2/23/2018
** Signature of Reporting Person Date

/s/ Stephen C. Freidheim, Manager of Cyrus Capital Partners GP, L.L.C., the managing member of Capital Advisors, L.L.C., the general partner of Crescent 1, L.P. 2/23/2018
** Signature of Reporting Person Date

/s/Stephen C. Freidheim, Authorized Signatory of Cyrus Select Opportunities Master Fund, Ltd. 2/23/2018
** Signature of Reporting Person Date

/s/Stephen C. Freidheim, Manager of Cyrus Capital Partners GP, LLC, the managing member of Cyrus Capital Advisors, L.L.C., the general partner of CRS Master Fund, L.P. 2/23/2018
** Signature of Reporting Person Date

/s/ Stephen C. Freidheim, Authorized Signatory of Cyrus Opportunities Master Fund II, Ltd. 2/23/2018
** Signature of Reporting Person Date

/s/Stephen C. Freidheim, Manager of Cyrus Capital Partners GP, L.L.C., the managing member of Cyrus Capital Advisors, L.L.C. 2/23/2018
** Signature of Reporting Person Date

/s/Stephen C. Freidheim, Manager of Cyrus Capital Partners GP, L.L.C., the general partner of Cyrus Capital Partners, L.P., as investment manager of the shareholders of FBC Holdings S.a r.l. 2/23/2018
** 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 5(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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