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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
Penn Daniel
   2. Issuer Name and Ticker or Trading Symbol
CENTRAL EUROPEAN MEDIA ENTERPRISES LTD [CETV] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP, General Counsel
(Last)
(First)
(Middle)
C/O CME MEDIA SERVICES LIMITED, KRIZENECKEHO NAM. 1078/5A		 3. Date of Earliest Transaction (Month/Day/Year)
06/25/2013
(Street)

PRAGUE 5, 2N 15200		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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

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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Option: Right to Buy $ 18.18 06/25/2013   D     10,000   (1)   (1) Class A Common Stock, par value $0.08 per share 10,000 (1) 0 D  
Option: Right to Buy $ 28.6 06/25/2013   D     10,000   (2)   (2) Class A Common Stock, par value $0.08 per share 10,000 (2) 0 D  
Option: Right to Buy $ 44.5 06/25/2013   D     10,000   (3)   (3) Class A Common Stock, par value $0.08 per share 10,000 (3) 0 D  
Option: Right to Buy $ 72.05 06/25/2013   D     12,500   (4)   (4) Class A Common Stock, par value $0.08 per share 12,500 (4) 0 D  
Option: Right to Buy $ 56.42 06/25/2013   D     8,000   (5)   (5) Class A Common Stock, par value $0.08 per share 8,000 (5) 0 D  
Option: Right to Buy $ 113.56 06/25/2013   D     12,500   (6)   (6) Class A Common Stock, par value $0.08 per share 12,500 (6) 0 D  
Option: Right to Buy $ 22.64 06/25/2013   D     12,500   (7)   (7) Class A Common Stock, par value $0.08 per share 12,500 (7) 0 D  
Option: Right to Buy $ 17.52 06/25/2013   D     33,000   (8)   (8) Class A Common Stock, par value $0.08 per share 33,000 (8) 0 D  
Option: Right to Buy $ 23.85 06/25/2013   D     25,000   (9)   (9) Class A Common Stock, par value $0.08 per share 25,000 (9) 0 D  
Option: Right to Buy $ 22.38 06/25/2013   D     25,000   (10)   (10) Class A Common Stock, par value $0.08 per share 25,000 (10) 0 D  
Restricted Stock Units (11) 06/25/2013   A   29,916     (12)   (12) Class A Common Stock, par value $0.08 per share 29,916 (13) 29,916 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Penn Daniel
C/O CME MEDIA SERVICES LIMITED
KRIZENECKEHO NAM. 1078/5A
PRAGUE 5, 2N 15200		       EVP, General Counsel  

Signatures

 /s/ Daniel Penn   06/26/2013
**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) On June 25, 2013, the issuer cancelled, pursuant to the issuers Offer to Exchange Certain Outstanding Stock Options for Restricted Stock Units dated May 24, 2013 ("Offer to Exchange"), options granted to the reporting person on May 3, 2004. In exchange, the reporting person received 21 restricted stock units in accordance with the terms of the Offer to Exchange.
(2) On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on October 1, 2004. In exchange, the reporting person received 21 restricted stock units in accordance with the terms of the Offer to Exchange.
(3) On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on June 2, 2005. In exchange, the reporting person received 69 restricted stock units in accordance with the terms of the Offer to Exchange.
(4) On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on December 14, 2006. In exchange, the reporting person received 189 restricted stock units in accordance with the terms of the Offer to Exchange.
(5) On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on June 8, 2006. In exchange, the reporting person received 117 restricted stock units in accordance with the terms of the Offer to Exchange.
(6) On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on December 5, 2007. In exchange, the reporting person received 6 restricted stock units in accordance with the terms of the Offer to Exchange.
(7) On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on December 16, 2008. In exchange, the reporting person received 1,890 restricted stock units in accordance with the terms of the Offer to Exchange.
(8) On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on May 15, 2009. In exchange, the reporting person received 2,607 restricted stock units in accordance with the terms of the Offer to Exchange.
(9) On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on June 15, 2010. In exchange, the reporting person received 12,498 restricted stock units in accordance with the terms of the Offer to Exchange.
(10) On June 25, 2013, the issuer cancelled, pursuant to the Offer to Exchange, options granted to the reporting person on May 16, 2011. In exchange, the reporting person received 12,498 restricted stock units in accordance with the terms of the Offer to Exchange.
(11) Each restricted stock unit represents a contingent right to receive one share of Class A Common Stock.
(12) Subject to the award agreement, 9,972 of these time-vested restricted stock units will vest on each of 6/25/2014, 6/25/2015 and 6/25/2016.
(13) Restricted stock units were granted in exchange of certain outstanding stock options in accordance with the Offer to Exchange.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.