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 *
DISCOVERY CAPITAL MANAGEMENT, LLC / CT
  2. Issuer Name and Ticker or Trading Symbol
PEABODY ENERGY CORP [BTU]
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)
20 MARSHALL STREET, SUITE 310
3. Date of Earliest Transaction (Month/Day/Year)
04/03/2017
(Street)

SOUTH NORWALK, CT 06854
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
Common Stock, $0.01 par value 04/03/2017   C   7,192,536 A $ 0 14,192,991 I See Footnote (1)
Common Stock, $0.01 par value 04/03/2017   C   7,445,754 A $ 0 12,444,728 I See Footnote (2)
Common Stock, $0.01 par value 04/05/2017   X   870,363 A $ 0.01 15,063,354 I See Footnote (1)
Common Stock, $0.01 par value 04/05/2017   X   600,774 A $ 0.01 13,045,502 I See Footnote (2)
Common Stock, $0.01 par value 04/05/2017   S(4)   320 D $ 27.25 15,063,034 I See Footnote (1)
Common Stock, $0.01 par value 04/05/2017   S(5)   220 D $ 27.25 13,045,282 I See Footnote (2)

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
Series A Convertible Preferred Stock (3) 04/03/2017   C     3,641,992 04/03/2017   (3) Common Stock, $0.01 par value 7,192,536 $ 0 0 I See Footnote (1)
Series A Convertible Preferred Stock (3) 04/03/2017   C     3,770,211 04/03/2017   (3) Common Stock, $0.01 par value 7,445,754 $ 0 0 I See Footnote (2)
Warrant $ 0.01 04/05/2017   X     870,363 04/03/2017 07/03/2017 Common Stock, $0.01 par value 870,363 $ 0 0 I See Footnote (1)
Warrant $ 0.01 04/05/2017   X     600,774 04/03/2017 07/03/2017 Common Stock, $0.01 par value 600,774 $ 0 0 I See Footnote (2)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
DISCOVERY CAPITAL MANAGEMENT, LLC / CT
20 MARSHALL STREET
SUITE 310
SOUTH NORWALK, CT 06854
    X    
Citrone Robert K.
C/O DISCOVERY CAPITAL MANAGEMENT, LLC
20 MARSHALL STREET, SUITE 310
SOUTH NORWALK, CT 06854
    X    
Discovery Global Opportunity Partners, L.P.
C/O DISCOVERY CAPITAL MANAGEMENT, LLC
20 MARSHALL STREET, SUITE 310
SOUTH NORWALK, CT 06854
    X    

Signatures

 Discovery Capital Management, LLC, By: /s/ Robert K. Citrone, Managing Member   04/05/2017
**Signature of Reporting Person Date

 By: /s/ Robert K. Citrone, Managing Member   04/05/2017
**Signature of Reporting Person Date

 Discovery Global Opportunity Partners, LP, By: Discovery Capital Management, LLC, its general partner, By: /s/ Robert K. Citrone, Managing Member   04/05/2017
**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) The securities are held in the accounts of various clients of Discovery Capital Management, LLC ("Discovery") and may be deemed to be beneficially owned by Discovery, as the investment manager to such clients, and Robert K. Citrone, as the managing member of Discovery.
(2) The securities are held in the account of Discovery Global Opportunity Partners, LP (the "Fund") and may be deemed to be beneficially owned by Discovery, as the general partner of the Fund, and Robert K. Citrone, as the managing member of Discovery.
(3) The Series A Convertible Preferred Stock has no expiration date and is convertible at a price of $16.25 per share, subject to adjustment as set forth in the Certificate of Designation attached as Exhibit 3.2 to the Issuer's Form 8-K filed on April 3, 2017. Each share of Series A Convertible Preferred Stock converted to approximately 1.975 shares of Common Stock, $0.01 par value.
(4) On April 5, 2017, the Reporting Person exercised Warrants to purchase 870,363 shares of Common Stock, $0.01 par value. The Reporting Person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 320 shares to pay the exercise price and issuing the Reporting Person the remaining 870,043 shares.
(5) On April 5, 2017, the Reporting Person exercised Warrants to purchase 600,774 shares of Common Stock, $0.01 par value. The Reporting Person paid the exercise price on a cashless basis, resulting in the Issuer's withholding of 220 shares to pay the exercise price and issuing the Reporting Person the remaining 600,554 shares.
 
Remarks:
Each Reporting Person disclaims beneficial ownership in the securities reported on this Form 4 except to the extent of its or his pecuniary interest, if any, therein, and this report shall not be deemed to be an admission that such Reporting Person is the beneficial owner of such securities for purposes of Section 16 or for any other purpose.

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