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 *
HEWITT JOHN T
  2. Issuer Name and Ticker or Trading Symbol
Liberty Tax, Inc. [TAX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
__X__ Director __X__ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
Chief Executive Officer/Pres.
(Last)
(First)
(Middle)
1716 CORPORATE LANDING PARKWAY
3. Date of Earliest Transaction (Month/Day/Year)
01/12/2016
(Street)

VIRGINIA BEACH, VA 23454
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
Class A Common Stock 01/12/2016   M   21,749 A $ 15 1,007,500 D  
Class A Common Stock 01/12/2016   F   18,422 D $ 19.51 (1) 989,078 D  
Class A Common Stock 01/13/2016   M   7,961 A $ 15 997,039 D  
Class A Common Stock 01/13/2016   F   7,000 D $ 18.39 (2) 990,039 D  
Class A Common Stock 01/14/2016   M   9,932 A $ 15 999,971 D  
Class A Common Stock 01/14/2016   F   8,772 D $ 18.27 (3) 991,199 D  
Class A Common Stock               141,553 (4) I By 401(k) plan

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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
Employee Stock Options (Right to Buy) $ 15 01/12/2016   M     21,749 04/15/2011 04/15/2016 Class A Common Stock 39,642 $ 15 17,893 D  
Employee Stock Options (Right to Buy) $ 15 01/13/2016   M     7,961 04/15/2011 04/15/2016 Class A Common Stock 17,893 $ 15 9,932 D  
Employee Stock Options (Right to Buy) $ 15 01/14/2016   M     9,932 04/15/2011 04/15/2016 Class A Common Stock 9,932 $ 15 0 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
HEWITT JOHN T
1716 CORPORATE LANDING PARKWAY
VIRGINIA BEACH, VA 23454
  X   X   Chief Executive Officer/Pres.  

Signatures

 John T. Hewitt   01/14/2016
**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) Reflects 18,422 shares sold by a broker-dealer at an average market price of $19.51 per share less an exercise price of $15.00 per share to fund the exercise of 3,327 options owned by John T. Hewitt.
(2) Reflects 7,000 shares sold by a broker-dealer at an average market price of $18.39 per share less an exercise price of $15.00 per share to fund the exercise of 961 options owned by John T. Hewitt.
(3) Reflects 8,772 shares sold by a broker-dealer at an average market price of $18.27 per share less an exercise price of $15.00 per share to fund the exercise of 1,160 options owned by John T. Hewitt.
(4) Reflects shares of Class A Common Stock held through the Company 401(k) plan. The reporting person's holdings in the Company 401(k) plan have fluctuated since the filing of the original Form 3, and the reported holdings are based on the reporting person's 401(k) plan statement as of January 13, 2016.

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