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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(Print or Type Responses)
1. Name and Address of Reporting Person *
Yakin Sara A.
   2. Issuer Name and Ticker or Trading Symbol
Drive Shack Inc. [DS] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Operating Officer
(Last)
(First)
(Middle)
111 19TH STREET, 8TH FL.		 3. Date of Earliest Transaction (Month/Day/Year)
04/10/2018
(Street)

NEW YORK, NY 10011		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
Stock Option (right to buy) $ 1 04/10/2018   J   24,948     (1) 03/31/2021(2) Common Stock, par value $0.01 per share (1) 24,948 $ 0 49,896 D  
Stock Option (right to buy) $ 1 04/10/2018   J   41,937     (1) 09/30/2021(2) Common Stock, par value $0.01 per share (1) 41,937 $ 0 83,874 D  
Stock Option (right to buy) $ 1 04/10/2018   J   27,868     (1) 04/30/2022(2) Common Stock, par value $0.01 per share (1) 27,868 $ 0 55,736 D  
Stock Option (right to buy) $ 1 04/10/2018   J   31,705     (1) 05/31/2022(2) Common Stock, par value $0.01 per share (1) 31,705 $ 0 63,410 D  
Stock Option (right to buy) $ 1 04/10/2018   J   35,039     (1) 07/31/2022(2) Common Stock, par value $0.01 per share (1) 35,039 $ 0 70,078 D  
Stock Option (right to buy) $ 2.32 04/10/2018   J   76,666     (1) 01/31/2023(2) Common Stock, par value $0.01 per share (1) 76,666 $ 0 153,332 D  
Stock Option (right to buy) $ 2.95 04/10/2018   J   30,666     (1) 02/28/2023(2) Common Stock, par value $0.01 per share (1) 30,666 $ 0 61,332 D  
Stock Option (right to buy) $ 3.23 04/10/2018   J   53,666     (1) 06/30/2023(2) Common Stock, par value $0.01 per share (1) 53,666 $ 0 107,332 D  
Stock Option (right to buy) $ 3.57 04/10/2018   J   77,268     (1) 11/30/2023(2) Common Stock, par value $0.01 per share (1) 77,268 $ 0 154,536 D  
Stock Option (right to buy) $ 4.01 04/10/2018   J   61,233     (1) 08/31/2024(2) Common Stock, par value $0.01 per share (1) 61,233 $ 0 122,466 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
Yakin Sara A.
111 19TH STREET, 8TH FL.
NEW YORK, NY 10011		       Chief Operating Officer  

Signatures

 /s/ Sarah L. Watterson, as Attorney-in-Fact   04/12/2018
**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) The stock options were assigned to the holder by FIG LLC and correspond on a one-to-one basis to the options that were assigned by FIG LLC, such that exercise by the holder would result in the corresponding option held by FIG LLC being cancelled.
(2) Represents the expiration date of the related option of the former manager. In general, the expiration date of the tandem award occurs prior to the expiration date of the underlying option.

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