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 or Section 30(h) of the Investment Company Act of 1940

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3235-0287

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Syllantavos George

2. Issuer Name and Ticker or Trading Symbol
Stellar Acquisition III Inc. [STLRU]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

__X__ Director	__X__ 10% Owner
__X__ Officer (give title below)	_____ Other (specify below)
Co-CEO, CFO and Secretary

(Last)

(First)

(Middle)

90 KIFISSIAS AVENUE, MAROUSSI

3. Date of Earliest Transaction (Month/Day/Year)
09/28/2016

(Street)

ATHENS, J3 15125

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	09/28/2016		J⁽¹⁾		36,887	D	$ 0 ⁽¹⁾	443,157	I	See Footnote ⁽¹⁾
Common Stock	09/28/2016		J⁽²⁾		38,303	D	$ 0 ⁽²⁾	460,162	I	See Footnote ⁽²⁾

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

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
Syllantavos George 90 KIFISSIAS AVENUE, MAROUSSI ATHENS, J3 15125	X	X	Co-CEO, CFO and Secretary
Magellan Investments Corp 90 KIFISSIAS AVENUE, MAROUSSI ATHENS, J3 15125		X
Firmus Investments Inc 90 KIFISSIAS AVENUE, MAROUSSI ATHENS, J3 15125		X

Signatures

/s/ George Syllantavos		09/30/2016
^**Signature of Reporting Person		Date
/s/ George Syllantavos, Authorized Person, Magellan Investments Corp.		09/30/2016
^**Signature of Reporting Person		Date
/s/ George Syllantavos, Authorized Person, Firmus Investments Inc.		09/30/2016
^**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 contemplated in connection with the initial public offering of the issuer, 36,387 shares of common stock of the issuer were returned by Magellan Investments Corp. to the issuer for no consideration and cancelled because the underwriters' over-allotment option was not exercised in full. George Syllantavos is the sole officer and director of Magellan Investments Corp.
(2)	As contemplated in connection with the initial public offering of the issuer, 38,303 shares of common stock of the issuer were returned by Firmus Investments Inc. to the issuer for no consideration and cancelled because the underwriters' over-allotment option was not exercised in full. George Syllantavos is the sole officer and director of Firmus Investments Inc.

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