Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Medley Capital Corp
 2. Date of Event Requiring Statement (Month/Day/Year)
07/08/2015		 3. Issuer Name and Ticker or Trading Symbol
Point.360 [PTSX]
(Last)
(First)
(Middle)
375 PARK AVE., SUITE 3304		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) __X__ Other (specify below)
See Remarks
 5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

NEW YORK, NY 10152		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)
Common Stock, no par value 479,283 (1)
D
 
Common Stock, no par value 1,018,476 (2)
D
 

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Warrants (right to buy) 07/08/2015 07/07/2020 Common Stock, no par value 351,713 (3) $ 0.75 D  
Warrants (right to buy) 07/08/2015 07/07/2020 Common Stock, no par value 747,391 (4) $ 0.75 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Medley Capital Corp
375 PARK AVE., SUITE 3304
NEW YORK, NY 10152		     X   See Remarks
Medley Opportunity Fund II LP
375 PARK AVE., SUITE 3304
NEW YORK, NY 10152		     X   See Remarks

Signatures

/s/ Brook Taube, as Chief Executive Officer of Medley Capital Corporation 07/20/2015
**Signature of Reporting Person Date
/s/ Brook Taube, as Manager for MOF II Management LLC, the attorney-in-fact for Medley Opportunity Fund II LP 07/20/2015
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) These shares of Common Stock are held by Medley Capital Corporation.
(2) These shares of Common Stock are held by Medley Opportunity Fund II LP. Medley Opportunity Fund II LP may be deemed to be a ten percent owner of the Issuer.
(3) These warrants are held by Medley Capital Corporation.
(4) These warrants are held by Medley Opportunity Fund II LP.
 
Remarks:
Medley Capital Corporation ("MCC") may be deemed to be a member of a "group" with Medley Opportunity Fund II LP ("MOF II") for purposes of Section 13(d) of the Exchange Act. The reporting persons expressly disclaim the existence of a group, as well as beneficial ownership of the shares of common stock held by the other reporting person. MCC is externally managed by MCC Advisors LLC ("MCC Advisors"). Medley LLC is the holding company for MCC Advisors. MOF II GP LLC is the general partner of MOF II and MOF II Management LLC is the investment adviser for MOF II. MOF II Management LLC is controlled by Medley LLC. MOF II GP LLC is controlled by Medley GP Holdings LLC, a wholly-owned subsidiary of Medley LLC (together with MCC Advisors, MOF II GP LLC, MOF II Management LLC and Medley LLC, the "Medley Management Entities"). Medley LLC is controlled by Brook Taube, Seth Taube, and Jeff Tonkel (the "Principals"). Each of the Principals and the Medley Management Entities expressly disclaim beneficial ownership of the securities held by the reporting persons except with respect to any pecuniary interest therein.

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