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 *
Fortress Investment Group LLC
  2. Issuer Name and Ticker or Trading Symbol
Innocoll Holdings plc [INNL]
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)
1345 AVENUE OF THE AMERICAS, 46TH FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
07/24/2017
(Street)

NEW YORK, NY 10105
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
Ordinary Shares 07/24/2017   S(1)   4,085,469 D (1) 0 I See Footnotes (2) (3) (4) (5) (6) (7) (8)

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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
Warrants to purchase Ordinary Shares $ 7.39 07/24/2017   E(9)     929,156 03/16/2016 06/15/2019 Ordinary Shares 929,156 $ 0 (9) 0 I See Footnotes (2) (3) (4) (5) (6) (7) (8)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Fortress Investment Group LLC
1345 AVENUE OF THE AMERICAS
46TH FLOOR
NEW YORK, NY 10105
    X    
Hybrid GP Holdings LLC
1345 AVENUE OF THE AMERICAS
46TH FLOOR
NEW YORK, NY 10105
    X    
Fortress Operating Entity I LP
1345 AVENUE OF THE AMERICAS
46TH FLOOR
NEW YORK, NY 10105
    X    
FIG Corp.
1345 AVENUE OF THE AMERICAS
46TH FLOOR
NEW YORK, NY 10105
    X    
FIG LLC
1345 AVENUE OF THE AMERICAS
46TH FLOOR
NEW YORK, NY 10105
    X    
Cam Investment Cayman Holdings GP Inc.
1345 AVENUE OF THE AMERICAS
NEW YORK, NY 10105
    X    
Cam Investment Cayman Holdings L.P.
1345 AVENUE OF THE AMERICAS
NEW YORK, NY 10105
    X    

Signatures

 /s/ FORTRESS INVESTMENT GROUP LLC, by David N. Brooks, its Secretary   08/07/2017
**Signature of Reporting Person Date

 /s/ HYBRID GP HOLDINGS LLC, by Fortress Operating Entity I LP, its sole managing member, by FIG Corp., its general partner, by David N. Brooks, its Secretary   08/07/2017
**Signature of Reporting Person Date

 /s/ FORTRESS OPERATING ENTITY I LP, by FIG Corp., its general partner, by David N. Brooks, its Secretary   08/07/2017
**Signature of Reporting Person Date

 /s/ FIG Corp., by David N. Brooks, its Secretary   08/07/2017
**Signature of Reporting Person Date

 /s/ FIG LLC, by David N. Brooks, its Secretary   08/07/2017
**Signature of Reporting Person Date

 /s/ CAM INVESTMENT CAYMAN HOLDINGS GP INC., by Constantine M. Dakolias, its President   08/07/2017
**Signature of Reporting Person Date

 /s/ CAM INVESTMENT CAYMAN HOLDINGS L.P., by Cam Investment Cayman Holdings GP Inc., its General Partner, by Constantine M. Dakolias, its President   08/07/2017
**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) As result of the completion of the acquisition of the Issuer by Gurnet Point L.P. on July 24, 2017 (the "Merger"), each Ordinary Share represents the right to receive (i) $1.75 in cash and (ii) a contingent value right that represents a contractual right to receive payments up to a maximum aggregate amount of $4.90 in cash upon, and subject to, the occurrence of certain events.
(2) Cam Investment Cayman Holdings L.P. ("Cam Investment"), a Cayman Islands limited partnership, directly holds the securities of the Issuer.
(3) The general partner of Cam Investment is Cam Investment Cayman Holdings GP Inc. FCOF II Europe UB Securities DAC ("FCOF II DAC"), FTS SIP (Europe) DAC ("FTS SIP DAC"), FCO MA II Europe UB Securities DAC ("MA II DAC"), FCO Europe MA LSS Limited ("LSS Limited"), FGO (Yen) Investments DAC ("FGO Yen DAC") and FCO Europe MA ML DAC ("MA ML DAC") collectively hold a 100% interest in Cam Investment and its general partner Cam Investment Cayman Holdings GP Inc.
(4) FCOF II UB Securities LLC ("FCOF II UB Securities") holds a 70% interest in FCOF II DAC. Fortress Credit Opportunities Fund II (A) LP ("FCOF II A"), FCOF II UB Holdings Ltd. ("UB Holdings") and Fortress Credit Opportunities Fund II (E) LP ("FCOF II E") collectively hold a 100% interest in FCOF II UB Securities. FCOF II BCD Holdings LLC ("BCD Holdings") holds a 100% interest in UB Holdings. Fortress Credit Opportunities Fund II (B) LP ("FCOF II B"), Fortress Credit Opportunities Fund II (C) L.P. ("FCOF II C") and Fortress Credit Opportunities Fund II (D) L.P. ("FCOF II D") collectively hold a 100% interest in BCD Holdings. FCO Fund II GP LLC ("FCO II GP") is the general partner of each of FCOF II A, FCOF II B, FCOF II C, FCOF II D and FCOF II E.
(5) Fortress Credit Opportunities Advisors LLC ("FCO Advisors") is the investment advisor of each of FCOF II A, FCOF II B, FCOF II C, FCOF II D and FCOF II E. FTS SIP L.P. ("FTS SIP") holds a 70% interest in FTS SIP DAC. FCO MA GP LLC ("FCO MA GP") is the general partner of FTS SIP. Fortress Credit Opportunities MA Advisors LLC ("FCO MA Advisors") is the investment advisor of FTS SIP. FCO MA II UB Securities LLC ("FCO MA II UB Securities") holds a 70% interest in MA II DAC. FCO MA II LP ("FCO MA II") holds a 100% interest in FCO MA II UB Securities. FCO MA II GP LLC ("FCO MA II GP") is the general partner of FCO MA II. Fortress Credit Opportunities MA II Advisors LLC ("FCO MA II Advisors") is the investment advisor of FCO MA II. FCO MA LSS LP ("FCO MA LSS") holds a 70% interest in LSS Limited. FCO MA LSS GP LLC ("FCO MA LSS GP") is the general partner of FCO MA LSS. FCO MA LSS Advisors LLC ("FCO MA LSS Advisors") is the investment advisor of FCO MA LSS.
(6) Fortress Global Opportunities (Yen) Fund L.P. ("FGO Yen") holds a 70% interest in FGO Yen DAC. FGO (Yen) GP LLC ("FGO Yen GP") is the general partner of FGO Yen. Fortress Global Opportunities (Yen) Advisors LLC ("FGO Yen Advisors") is the investment advisor of FGO Yen. FCO MA Maple Leaf LP ("FCO MAPLE LEAF") and FCO MA MAPLE LEAF GP LLC ("FCO MAPLE LEAF GP") hold a 70% interest in MA ML DAC. FCO MAPLE LEAF GP is the general partner of FCO MAPLE LEAF.
(7) Fortress Credit Opportunities MA MAPLE LEAF Advisors LLC ("FCO MAPLE LEAF Advisors") is the investment advisor of FCO MAPLE LEAF. Hybrid GP Holdings LLC ("Hybrid GP Holdings") holds a 100% interest in each of FCO II GP, FCO MA GP, FCO MA II GP, FCO MA LSS GP, FGO Yen GP and FCO MAPLE LEAF GP. Fortress Operating Entity I LP ("FOE I") is the sole managing member of Hybrid GP Holdings. FIG LLC ("FIG") holds a 100% interest in FCO Advisors, FCO MA Advisors, FCO MA II Advisors, FCO MA LSS Advisors, FGO Yen Advisors and FCO MAPLE LEAF Advisors. FOE I is the sole managing member of FIG. FIG Corp. is the general partner of FOE I. FIG Corp. is wholly-owned by Fortress Investment Group LLC.
(8) Each reporting person disclaims beneficial ownership of all reported shares except to the extent of its pecuniary interest therein and the inclusion of the shares in this report shall not be deemed to be an admission of beneficial ownership of the reported shares for the purposes of Section 16 or otherwise.
(9) As a result of the Merger, each warrant to purchase an Ordinary Share was cancelled.

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