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 *
Brener Gabriel
  2. Issuer Name and Ticker or Trading Symbol
HEMISPHERE MEDIA GROUP, INC. [HMTV]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O HEMISPHERE MEDIA GROUP, INC., 2000 PONCE DE LEON BLVD., SUITE 500
3. Date of Earliest Transaction (Month/Day/Year)
03/12/2014
(Street)

CORAL GABLES, FL 33134
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
CLASS A COMMON STOCK 03/12/2014   P   400 A $ 10.9 (1) 7,067 (2) (3) I BY BRENER INTERNATIONAL GROUP, LLC (4)
CLASS A COMMON STOCK 03/13/2014   P   5,000 A $ 11 (5) 12,067 (2) (3) I BY BRENER INTERNATIONAL GROUP, LLC (4)
CLASS A COMMON STOCK 03/14/2014   P   2,100 A $ 10.89 (6) 14,167 (2) (3) I BY BRENER INTERNATIONAL GROUP, LLC (4)
CLASS A COMMON STOCK               1,872,000 (7) I BY AZTECA ACQUISITION HOLDINGS, LLC (8)
CLASS A COMMON STOCK               400 (9) I BY CHILDREN (9)

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

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Brener Gabriel
C/O HEMISPHERE MEDIA GROUP, INC.
2000 PONCE DE LEON BLVD., SUITE 500
CORAL GABLES, FL 33134
  X   X    
Azteca Acquisition Holdings, LLC
C/O HEMISPHERE MEDIA GROUP, INC.
2000 PONCE DE LEON BLVD., SUITE 500
CORAL GABLES, FL 33134
    X    

Signatures

 /s/ Gabriel Brener   03/14/2014
**Signature of Reporting Person Date

 Azteca Acquisition Holdings, LLC; By: Gabriel Brener, Sole Member: /s/ Gabriel Brener   03/14/2014
**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) This transaction was executed in multiple trades at prices ranging from $10.89 to $10.90. The price reported above reflects the weighted average sale price. The reporting persons hereby undertake to provide upon request to the SEC staff, Hemisphere Media Group, Inc. (the "Company") or a security holder of the Company full information regarding the number of shares and prices at which the transaction was effected.
(2) Includes a grant of 6,667 restricted shares of the Company's Class A common stock, $0.001 par value per share ("Class A common stock"), as previously reported by Mr. Brener, which were issued pursuant to the Hemisphere Media Group, Inc. 2013 Equity Incentive Plan. The restricted stock will vest on the day preceding the Company's 2014 annual meeting, subject to the reporting person's continued service as a director on such vesting date.
(3) Does not include 1,872,400 shares of Class A common stock, indirectly held by Mr. Brener as reported below.
(4) The reported securities are owned directly by Brener International Group, LLC ("BIG") and indirectly by Mr. Brener as manager of BIG. Mr. Brener disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(5) This transaction was executed in multiple trades at prices ranging from $10.89 to $11.07. The price reported above reflects the weighted average sale price. The reporting persons hereby undertake to provide upon request to the SEC staff, the Company or a security holder of the Company full information regarding the number of shares and prices at which the transaction was effected.
(6) This transaction was executed in multiple trades at prices ranging from $10.74 to $10.95. The price reported above reflects the weighted average sale price. The reporting persons hereby undertake to provide upon request to the SEC staff, the Company or a security holder of the Company full information regarding the number of shares and prices at which the transaction was effected.
(7) Includes (i) 315,152 and 104,000 shares of Class A common stock, subject to forfeiture in the event the closing sales price of the Class A common stock does not equal or exceed $15.00 per share for any 20 trading days within at least one 30-trading day period within 36 and 60 months, respectively, of April 4, 2013.
(8) The reported securities are owned directly by Azteca Acquisition Holdings, LLC ("Azteca Holdings") and indirectly by Mr. Brener through his membership interest in Azteca Holdings. Mr. Brener disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
(9) Mr. Brener disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein.
 
Remarks:
This report is filed jointly by Mr. Brener and Azteca Holdings, both of whom are 10% owners of the Company's Class A common stock. Azteca Holdings also may be deemed a director by virtue of its right to nominate (i) one Class I representative to serve on the Company's board of directors (the "Board") and (ii) one Class II representative to serve on the Board. Mr. Brener currently serves as Azteca Holdings' Class I representatives on the Board and John Engelman currently serves as Azteca Holdings' Class II representative on the Board.

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