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 *
  Ronin Capital, LLC
 2. Date of Event Requiring Statement (Month/Day/Year)
03/10/2016		 3. Issuer Name and Ticker or Trading Symbol
TOP SHIPS INC. [TOPS]
(Last)
(First)
(Middle)
350 N. ORLEANS STREET, SUITE 2N		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
03/18/2016
(Street)

CHICAGO, IL 60654-1975		 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 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 83,497
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 to Purchase Common Stock 06/11/2014 06/11/2019 Common Stock 556,250 $ 2.8 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Ronin Capital, LLC
350 N. ORLEANS STREET
SUITE 2N
CHICAGO, IL 60654-1975		     X    

Signatures

/s/ Agnes Burda, authorized signatory 08/25/2016
**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).
 
Remarks:
On March 10, 2016, the reporting person received written notification from the issuer of anti-dilution adjustments to certain warrants held by the reporting person that resulted in the reporting person's beneficial ownership of the issuer's common equity increasing from approximately 4.6% to approximately 16.0%.The Form 3 filed on March 18, 2016 reported beneficial ownership of warrants to purchase 558,036 shares of common stock.  The reporting person has subsequently determined that the previous anti-dilution adjustment to the warrants was not correct, and the actual number of warrants beneficially owned by the reporting person as of March 10, 2016 was 556,250.  This Amendment to Form 3 is being filed to reflect this corrective adjustment in the number of warrants beneficially owned by the reporting person as of March 10, 2016.

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