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 *
  Brosh Yigal
2. Date of Event Requiring Statement (Month/Day/Year)
06/13/2016
3. Issuer Name and Ticker or Trading Symbol
BLUE SPHERE CORP. [BLSP]
(Last)
(First)
(Middle)
301 MCCULLOUGH DRIVE,, 4TH FLOOR
4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
5. If Amendment, Date Original Filed(Month/Day/Year)
(Street)

CHARLOTTE, NC 28262
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, par value $0.001 per share 245,833 (1)
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
Stock Award (2)   (2)   (2) Common Stock, par value $0.001 per share 204,167 $ (2) D  
Stock Options (3)   (3) 02/24/2020 Common Stock, par value $0.001 per share 175,000 $ (3) D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Brosh Yigal
301 MCCULLOUGH DRIVE,
4TH FLOOR
CHARLOTTE, NC 28262
  X      

Signatures

/s/Yigal Brosh _ 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).
(1) The 245,833 shares of Common Stock owned by the reporting person were issued on June 13, 2016. The 245,833 shares include (a) 100,000 shares awarded pursuant to a one-time grant under the issuer's Global Share Incentive Plan (2010) and (b) 145,833 shares awarded pursuant to a stock award under the issuer's Global Share and Options Incentive Enhancement Plan (2014) (the "2014 Incentive Plan"). The stock award under the 2014 Incentive Plan was granted on February 24, 2015 for 350,000 shares of Common Stock and vests in quarterly installments. As of the date of this report, 145,833 of such shares have vested and been issued and 204,167 of such shares remain to be vested and/or issued. The 204,167 shares that have not yet vested and/or been issued are not included in the number of securities beneficially owned in Table I, Column 2 of this report.
(2) The stock award under the 2014 Incentive Plan was granted on February 24, 2015 for 350,000 shares of Common Stock and vests in quarterly installments. As of the date of this report, 145,833 of such shares have been issued and 204,167 shares have not been issued (of which, 87,500 shares have vested and 116,667 shares are unvested).
(3) The stock options were granted under the 2014 Incentive Plan. The options have not been issued by the company, but if issued, they will vest on a quarterly basis over a two-year period and have an exercise price of $0.14 per share.

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