Ownership Submission
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

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
WOLVERINE ASSET MANAGEMENT LLC
   2. Issuer Name and Ticker or Trading Symbol
RLJ ENTERTAINMENT, INC. [RLJE] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
175 W. JACKSON BLVD., SUITE 340		 3. Date of Earliest Transaction (Month/Day/Year)
10/14/2016
(Street)

CHICAGO, IL 60604		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person
(City)
(State)
(Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction 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
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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 A-1 Convertible Preferred Stock Holding $ 3 10/14/2016   D     4,000 05/20/2015 05/20/2020 Common Stock, par value $0.001 per share 1,333,334 (1) $ 0 0 I See footnotes (2) (3)
Series C-1 Convertible Preferred Stock $ 3 10/14/2016   A   4,000   10/14/2016 05/20/2020 Common Stock, par value $0.001 per share 1,333,334 (1) $ 0 4,000 I See footnotes (2) (3)
Warrants $ 1.5 (4) 10/14/2016   D     1,200,000 (4) 05/20/2015 05/20/2020 Common Stock, par value $0.001 per share 400,000 (4) $ 0 0 I See footnotes (2) (3)
Warrants $ 0.5 (4) 10/14/2016   A   1,200,000 (4)   10/14/2016 05/20/2020 Common Stock, par value $0.001 per share 400,000 (4) $ 0 1,200,000 I See footnotes (2) (3)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
WOLVERINE ASSET MANAGEMENT LLC
175 W. JACKSON BLVD.
SUITE 340
CHICAGO, IL 60604		   X      
Wolverine Holdings, L.P.
175 W. JACKSON BLVD.
SUITE 200
CHICAGO, IL 60604		   X      
Wolverine Trading Partners, Inc.
175 W. JACKSON BLVD.
SUITE 200
CHICAGO, IL 60604		   X      
Gust Christopher
175 W. JACKSON BLVD.
SUITE 340
CHICAGO, IL 60604		   X      
Bellick Robert
175 W. JACKSON BLVD.
SUITE 200
CHICAGO, IL 60604		   X      

Signatures

 Niraj Patel   10/19/2016
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) Dividends may be accrued and added to the liquidation value of the preferred stock, which may be converted into additional shares of common stock at the conversion price.
(2) The securities were acquired for the account of Wolverine Flagship Fund Trading Limited ("Flagship Fund"), a private investment fund managed by Wolverine Asset Management, LLC ("WAM"). The sole member and manager of WAM is Wolverine Holdings, L.P. ("WH"), of which the general partner is Wolverine Trading Partners, Inc. ("WTP"). Robert Bellick and Christopher Gust may be deemed to control WTP. The Reporting Persons are prohibited from converting any preferred shares or exercising any warrants if as a result they would beneficially own, as determined in accordance with Section 13(d) of the Securities Exchange Act of 1934, as amended, and the rules and regulations promulgated thereunder, more than 9.99% of the Issuer's outstanding common stock pursuant to an ownership limitation in the governing documents of the preferred shares and warrants. Each of the Reporting Persons disclaims beneficial ownership of such securities except to the extent of any pecuniary interest therein.
(3) Pursuant to rights acquired in connection with the acquisition of the preferred stock and warrants, Flagship Fund designated John Ziegelman to be a director of the Issuer. The Reporting Persons may be deemed to be directors by deputization by virtue of Mr. Ziegelman's directorship.
(4) Following the reverse stock split on June 24, 2016, each warrant represents the right to purchase one-third of a share of common stock

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