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
                                                                                  
OMB APPROVAL
OMB Number: 3235-0287
Estimated average burden
hours per response...
0.5
                      
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

Powell Benny R.
2. Issuer Name and Ticker or Trading Symbol

Red Giant Entertainment, Inc. [ REDG ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
__ X __ Officer (give title below)      _____ Other (specify below)
President
(Last)          (First)          (Middle)

614 E. HWY 50 #235
3. Date of Earliest Transaction (MM/DD/YYYY)

5/30/2013
(Street)

CLERMONT, FL 34711
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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
Common Stock   5/30/2013     P    1000   A $0.0159   146621000   D    
Common Stock   5/30/2013     P    1000   A $0.0125   146622000   D    
Common Stock   5/30/2013     P    1000   A $0.0125   146623000   D    
Common Stock   5/30/2013     P    1000   A $0.013   146624000   D    
Common Stock   5/30/2013     P    1000   A $0.0138   14662600   D    
Common Stock   5/30/2013     P    1000   A $0.0138   146626000   D    
Common Stock   5/30/2013     P    1000   A $0.015   146627000   D    
Common Stock   5/30/2013     P    1000   A $0.015   146628000   D    
Common Stock   5/30/2013     P    1000   A $0.014   146629000   D    
Common Stock   5/30/2013     P    1000   A $0.014   146630000   D    
Common Stock   5/31/2013     P    1000   A $0.0151   146631000   D    
Common Stock   5/31/2013     P    1000   A $0.0151   146632000   D    
Common Stock   5/31/2013     P    1000   A $0.0151   146633000   D    
Common Stock   5/31/2013     P    1000   A $0.013   146634000   D    
Common Stock   5/31/2013     P    1000   A $0.013   146635000   D    
Common Stock   5/31/2013     P    1000   A $0.0135   146636000   D    
Common Stock   5/31/2013     P    1000   A $0.013   146637000   D    
Common Stock   6/3/2013     P    10000   A $0.0129   146647000   D    
Common Stock   6/3/2013     P    10000   A $0.0129   146657000   D    
Common Stock   6/3/2013     P    10000   A $0.0129   146667000   D    
Common Stock   6/3/2013     P    1000   A $0.013   146668000   D    
Common Stock   6/3/2013     P    1000   A $0.0131   146669000   D    
Common Stock   6/3/2013     P    10000   A $0.0131   146679000   D    
Common Stock   6/3/2013     P    1000   A $0.0128   146680000   D    
Common Stock   6/3/2013     P    1000   A $0.0126   146681000   D    
Common Stock   6/3/2013     P    1000   A $0.013   146682000   D    
Common Stock   6/3/2013     P    1000   A $0.012   146683000   D    
Common Stock   6/3/2013     P    1000   A $0.012   146684000   D    
Common Stock   6/3/2013     P    1000   A $0.013   146685000   D    
Common Stock   6/3/2013     P    1000   A $0.013   146686000   D    

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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

Explanation of Responses:

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
Powell Benny R.
614 E. HWY 50 #235
CLERMONT, FL 34711
X X President

Signatures
Benny R. Powell 6/4/2013
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.