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 *

Harbert Discovery Fund, LP
2. Issuer Name and Ticker or Trading Symbol

Qumu Corp [ QUMU ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

2100 THIRD AVENUE NORTH, SUITE 600, 
3. Date of Earliest Transaction (MM/DD/YYYY)

11/9/2017
(Street)

BIRMINGHAM, AL 35203
(City)        (State)        (Zip)
4. 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 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, $0.01 par value   11/9/2017     P    9300   A $2.4442   (1) 1106179   D   (2)  
Common Stock, $0.01 par value   11/10/2017     P    6850   A $2.4500   1113029   D   (2)  
Common Stock, $0.01 par value   11/13/2017     P    87300   A $2.4643   (3) 1200329   D   (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

Explanation of Responses:
(1)  The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $2.37 to $2.45 per share, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.
(2)  The securities are held in the account of Harbert Discovery Fund, LP (the "Fund") and may be deemed to be beneficially owned by (i) Harbert Discovery Fund GP, LLC (the "Fund GP"), the general partner of the Fund, (ii) Harbert Fund Advisors, Inc., the investment adviser to the Fund, (iii) Harbert Management Corporation ("HMC"), the managing member of the Fund GP, (iv) Jack Bryant, a director and co-portfolio manager of the Fund GP, (v) Kenan Lucas, a director and co-portfolio manager of the Fund GP and (vi) Raymond Harbert, the controlling shareholder, Chairman and Chief Executive Officer of HMC.
(3)  The price reported in Column 4 is a weighted average price. The shares were purchased in multiple transactions at prices ranging from $2.45 to $2.50 per share, inclusive. The Reporting Persons undertake to provide to the staff of the Securities and Exchange Commission, the Issuer, or any security holder of the Issuer, upon request, full information regarding the number of shares purchased at each separate price.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Harbert Discovery Fund, LP
2100 THIRD AVENUE NORTH, SUITE 600
BIRMINGHAM, AL 35203

X

HARBERT DISCOVERY FUND GP, LLC
2100 THIRD AVENUE NORTH, SUITE 600
BIRMINGHAM, AL 35203

X

HARBERT FUND ADVISORS, INC.
2100 THIRD AVENUE NORTH, SUITE 600
BIRMINGHAM, AL 35203

X

HARBERT MANAGEMENT CORP
2100 THIRD AVENUE NORTH, SUITE 600
BIRMINGHAM, AL 35203

X

BRYANT JOHN F.
2100 THIRD AVENUE NORTH, SUITE 600
BIRMINGHAM, AL 35203

X

LUCAS KENAN
2100 THIRD AVENUE NORTH, SUITE 600
BIRMINGHAM, AL 35203

X

HARBERT RAYMOND J
2100 THIRD AVENUE NORTH
SUITE 600
BIRMINGHAM, AL 35203

X


Signatures
Harbert Discovery Fund, LP By: Harbert Discovery Fund GP, LLC, its General Partner By: Harbert Management Corporation, its Managing Member By: /s/ John McCullough its Managing Member Executive Vice President and General Counsel 11/13/2017
** Signature of Reporting Person Date

Harbert Discovery Fund GP, LLC By: Harbert Management Corporation, its Managing Member By: /s/ John McCullough Executive Vice President and General Counsel 11/13/2017
** Signature of Reporting Person Date

Harbert Fund Advisors, Inc. By: /s/ John McCullough Executive Vice President and General Counsel 11/13/2017
** Signature of Reporting Person Date

Harbert Management Corporation By: /s/ John McCullough Executive Vice President and General Counsel 11/13/2017
** Signature of Reporting Person Date

/s/ John F. Bryant 11/13/2017
** Signature of Reporting Person Date

/s/ Kenan Lucas 11/13/2017
** Signature of Reporting Person Date

/s/ Raymond Harbert 11/13/2017
** 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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