Edgar Filing: COMMUNITY HEALTH SYSTEMS INC

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 ^*

Chen Tian Qiao

2. Issuer Name and Ticker or Trading Symbol
COMMUNITY HEALTH SYSTEMS INC [CYH]

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)

8 STEVENS ROAD,

3. Date of Earliest Transaction (Month/Day/Year)
09/16/2016

(Street)

SINGAPORE, U0 257819

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/16/2016		X		1,310,000	A	$ 8	12,574,772	I	See footnote ⁽¹⁾
Common Stock	09/16/2016		X		114,300	A	$ 8	12,689,072	I	See footnote ⁽¹⁾
Common Stock	09/16/2016		X		1,000,000	A	$ 10	13,689,072	I	See footnote ⁽¹⁾
Common Stock	09/16/2016		X		700,000	A	$ 10	14,389,072	I	See footnote ⁽¹⁾
Common Stock	09/16/2016		X		300,000	A	$ 11	14,689,072	I	See footnote ⁽¹⁾
Common Stock	09/16/2016		X		21,900	A	$ 11	14,710,972	I	See footnote ⁽¹⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
	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.		SEC 1474 (9-02)

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Call Option (right to buy)

$ 8

09/16/2016

13,100

08/19/2016

09/16/2016

Common Stock

1,310,000

$ 0

1,143

See footnote ⁽²⁾

Call Option (right to buy)

$ 8

09/16/2016

1,143

08/22/2016

09/16/2016

Common Stock

114,300

$ 0

See footnote ⁽²⁾

Call Option (right to buy)

$ 10

09/16/2016

10,000

08/11/2016

09/16/2016

Common Stock

1,000,000

$ 0

7,000

See footnote ⁽²⁾

Call Option (right to buy)

$ 10

09/16/2016

7,000

08/12/2016

09/16/2016

Common Stock

700,000

$ 0

See footnote ⁽²⁾

Call Option (right to buy)

$ 11

09/16/2016

3,000

08/03/2016

09/16/2016

Common Stock

300,000

$ 0

219

See footnote ⁽²⁾

Call Option (right to buy)

$ 11

09/16/2016

219

08/04/2016

09/16/2016

Common Stock

21,900

$ 0

See footnote ⁽²⁾

Put Option (obligation to buy)

$ 11

09/16/2016

20,000

08/03/2016

09/16/2016

Common Stock

2,000,000

$ 0

See footnote ⁽³⁾

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Chen Tian Qiao 8 STEVENS ROAD SINGAPORE, U0 257819		X
Shanda Media LTD NO. 1 OFFICE BUILDING, NO. 690 PUDONG, NEW AREA SHANGHAI, F4 201203		X
Shanda Investment Group Ltd FIRST REGISTER OFFICE WOODBOURNE HALL, ROAD TOWN TORTOLA, D8 00000		X
Shanda Technology Overseas Capital Co. REGISTERED OFFICE, CRICKET SQUARE HUTCHINS DRIVE, PO BOX 2681 GRAND CAYMAN, E9 KY1-1111		X
SHANDA ASSET MANAGEMENT HOLDINGS Ltd 8 STEVENS ROAD SINGAPORE, U0 257819		X

Signatures

Tianqiao Chen		09/20/2016
^**Signature of Reporting Person		Date
Tianqiao Chen, Director of Shanda Media Limited		09/20/2016
^**Signature of Reporting Person		Date
Tianqiao Chen, Director of Shanda Investment Group Limited		09/20/2016
^**Signature of Reporting Person		Date
Tianqiao Chen, Director of Shanda Technology Overseas Capital Company Limited		09/20/2016
^**Signature of Reporting Person		Date
Tianqiao Chen, Director of Shanda Asset Management Holdings Limited		09/20/2016
^**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)	The common stock disclosed in this Table I is directly held by Shanda Asset Management Holdings Limited. Mr. Tianqiao Chen is the sole shareholder of Shanda Media Limited. Shanda Media Limited owns 70% of all outstanding and issued shares of Shanda Investment Group Limited which is the sole shareholder of Shanda Technology Overseas Capital Company Limited. Shanda Technology Overseas Capital Company Limited is the sole shareholder of Shanda Asset Management Holdings Limited. Therefore each of Mr. Tianqiao Chen, Shanda Media Limited, Shanda Investment Group Limited, Shanda Technology Overseas Capital Company Limited and Shanda Asset Management Holdings Limited may be deemed to be the beneficial owners of such common stock.
(2)	The call options disclosed in this Table II were directly held by Shanda Asset Management Holdings Limited.
(3)	The put options set forth in Table II represented an obligation on the part of Shanda Asset Management Holdings Limited to buy the underlying common stock from the holders of such options, at such holders' discretion and were sold by Shanda Asset Management Holdings Limited before the reporting persons became subject to Section 16.

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