SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* PBC GP III, LLC (Last) (First) (Middle) 505 S. FLAGLER DRIVE SUITE 1400 (Street) WEST PALM BEACH FL 33401 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Digital Domain Media Group, Inc. [ DDMG ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 07/03/2012
	4. If Amendment, Date of 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

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
Common Stock	07/03/2012		S(1)		2,631	D	$6.2324(2)	7,992,101(3)	D
Common Stock	07/03/2012		S(1)		1,550	D	$6.2324(2)	4,707,340(4)	D
Common Stock	07/03/2012		S(1)		1,000	D	$6.2324(2)	3,036,488(5)	D
Common Stock	07/03/2012		S(1)		219	D	$6.2324(2)	666,554(6)	D

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 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: 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. Name and Address of Reporting Person* PBC GP III, LLC (Last) (First) (Middle) 505 S. FLAGLER DRIVE SUITE 1400 (Street) WEST PALM BEACH FL 33401 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* PBC Digital Holdings, LLC (Last) (First) (Middle) 505 S. FLAGLER DRIVE SUITE 1400 (Street) WEST PALM BEACH FL 33401 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* PBC MGPEF DDH, LLC (Last) (First) (Middle) 505 S. FLAGLER DRIVE SUITE 1400 (Street) WEST PALM BEACH FL 33401 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. The sale occurred pursuant to an existing Rule 10b5-1 plan adopted by the Reporting Person.

2. Represents the weighted average price of the shares sold. The prices of the shares sold pursuant to the transactions ranged from $6.20 to $6.28 per share. The Reporting Person, upon request, will provide the Securities and Exchange Commission staff, the issuer or a security holder of the issuer full information regarding the number of shares sold at each separate price.

3. PBC GP III, LLC is the sole manager of PBC Digital Holdings, LLC, which owns these shares. PBC GP III, LLC disclaims beneficial ownership of all of the shares of common stock owned by PBC Digital Holdings, LLC except to the extent of any pecuniary interest therein.

4. PBC GP III, LLC is the sole manager of PBC MGPEF DDH, LLC, which owns these shares. PBC GP III, LLC disclaims beneficial ownership of all of the shares of common stock owned by PBC MGPEF DDH, LLC except to the extent of any pecuniary interest therein.

5. PBC GP III, LLC is the sole manager of PBC Digital Holdings II, LLC, which owns these shares. PBC GP III, LLC disclaims beneficial ownership of all of the shares of common stock owned by PBC Digital Holdings II, LLC except to the extent of any pecuniary interest therein.

6. PBC GP III, LLC is the sole manager of PBC DDH Warrants, LLC, which owns these shares. PBC GP III, LLC disclaims beneficial ownership of all of the shares of common stock owned by PBC DDH Warrants, LLC except to the extent of any pecuniary interest therein.

	/s/ Nathan Ward, Manager on behalf of PBC GP III, LLC	07/06/2012
	/s/ Nathan Ward, Manager on behalf of PBC Digital Holdings LLC	07/06/2012
	/s/ Nathan Ward, Manager on behalf of PBC MGPEF DDH, LLC	07/06/2012
	** Signature of Reporting Person	Date
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