FORM 4
[ X ] 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
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

RUBENSTEIN BARRY 		2. Issuer Name and Ticker or Trading Symbol

Garnero Group Acquisition Co [ GGAC ] 		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)

68 WHEATLEY RD 		3. Date of Earliest Transaction (MM/DD/YYYY)

7/26/2016
(Street)

BROOKVILLE, NY 11545
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ 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. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Ordinary Shares   7/26/2016     J (1)    150000   D $10.05   (1) 0   D   (2)  
Ordinary Shares   7/26/2016     J (1)    100000   D $10.05   (1) 0   I   By Woodland Partners   (3) (4)
Ordinary Shares   7/26/2016     J (1)    200000   D $10.05   (1) 0   I   By Woodland Venture Fund   (3) (5)
Ordinary Shares   7/26/2016     J (1)    200000   D $10.05   (1) 0   I   By Seneca Ventures   (3) (6)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 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 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
Warrants   $11.50                      (7)   (7) Ordinary Shares   13400   (7)   0   (1) (7) I   By Woodland Partners   (3) (4)

Explanation of Responses:
( 1)  In the Issuer's Form 8-K filed with the Securities and Exchange Commission on July 22, 2016, the Issuer advised that (i) its corporate existence will terminate as of July 22, 2016 except for purposes of winding up its affairs and liquidating, (ii) its share transfer books will be closed as of July 23, 2016, and (iii) as soon as practicable, it will liquidate and distribute approximately $10.05 per share to the holders of Ordinary Shares issued in the Issuer's initial public offering.
( 2)  Held by the Barry Rubenstein Rollover IRA account.
( 3)  The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
( 4)  Held by Woodland Partners. Mr. Rubenstein is a general partner of Woodland Partners.
( 5)  Held by Woodland Venture Fund. Mr. Rubenstein is a general partner of Woodland Venture Fund.
( 6)  Held by Seneca Ventures. Mr. Rubenstein is a general partner of Seneca Ventures.
( 7)  The Warrants expire at zero value upon liquidation of the Issuer. Each Warrant entitled the holder to purchase one-half of an Ordinary Share.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
RUBENSTEIN BARRY
68 WHEATLEY RD
BROOKVILLE, NY 11545
X


Signatures
/s/ Barry Rubenstein 9/8/2016
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
Garnero Grp. Acquisition Company - Ordinary Shares (MM) (NASDAQ:GGAC)
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