13D Filing: Cyrus Capital Partners and Sphere 3D Corp. (ANY)

Page 2 of 16 – SEC Filing

1. NAMES OF REPORTING PERSONS
Cyrus Capital Partners, L.P.
2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP
(a) ¨   (b) x
3. SEC USE ONLY
4. SOURCE OF FUNDS
AF
5. CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e) ¨
6. CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
NUMBER OF
SHARES
BENEFICIALLY
OWNED BY
EACH
REPORTING
PERSON
WITH
7. SOLE VOTING POWER
0
8. SHARED VOTING POWER
24,697,106 1
9. SOLE DISPOSITIVE POWER
0
10. SHARED DISPOSITIVE POWER
24,697,1061
11. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
24,697,1061
12. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES ¨
13. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 11
17.6% 1
14. TYPE OF REPORTING PERSON
PN
1 Includes (i) 8,166,666 Common Shares issuable upon conversion
of US$24,500,000 in principal amount of the New Debentures at a Conversion Price of US$3.00 per share, (ii) 300,000 Common Shares
issuable upon exercise of the 2015 Warrants, (iii) 500,000 Common Shares issuable upon exercise of the December 2015 Warrants
and (iv) 500,000 Common Shares issuable upon exercise of the February 2016 Warrants.
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