FORM 4 [X] 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
                                                                                  
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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 *

Gores Sponsor III LLC
2. Issuer Name and Ticker or Trading Symbol

Gores Holdings III, Inc. [ GRSH ]
5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

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

9800 WILSHIRE BLVD.
3. Date of Earliest Transaction (MM/DD/YYYY)

2/10/2020
(Street)

BEVERLY HILLS, CA 90212
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

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

___ Form filed by One Reporting Person
_ X _ 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
Class A Common Stock, par value $0.0001 per share 2/10/2020  A  1969947 A$9.20 1969947 I See footnotes (1)(10)
Class A Common Stock, par value $0.0001 2/10/2020  A  54348 A$9.20 54348 I See footnotes (2)(10)
Class A Common Stock, par value $0.0001 2/10/2020  A  217392 A$9.20 217392 I See footnotes (3)(10)
Class A Common Stock, par value $0.0001 2/10/2020  A  869566 A$9.20 869566 I See footnotes (4)(10)
Class A Common Stock, par value $0.0001 per share 2/10/2020  M  6003426 A$0.00 6003426 I See footnotes (5)(10)

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 Security3. Trans. Date3A. Deemed Execution Date, if any4. 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 Date7. 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)
CodeV(A)(D)Date ExercisableExpiration DateTitleAmount or Number of Shares
Class F Common Stock, par value $0.0001 per share  (6)2/10/2020  D (7)    3000000   (6) (6)Class A Common Stock, par value $0.0001 per share 3000000  (6)6925000 I See footnotes (5)(10)
Class F Common Stock, par value $0.0001 per share  (6)2/10/2020  J (8)    921574   (6) (6)Class A Common Stock, par value $0.0001 per share 921574  (6)6003426 I See footnotes (5)(10)
Class F Common Stock, par value $0.0001 per share  (6)2/10/2020  M     6003426   (6) (6)Class A Common Stock, par value $0.0001 per share 6003426  (6)0 I See footnotes (5)(10)
Warrants to Purchase Shares of Class A Common Stock $11.50 2/10/2020  A (9)  5483741    3/11/2020 2/10/2025 Class A Common Stock, par value $0.0001 per share 5483741  (9)5483741 I See footnotes (5)(10)

Explanation of Responses:
(1) The securities reported in this transaction are held of record by AEG Holdings, LLC ("AEG"). Alec Gores is the managing member of AEG. As such, Alec Gores may be deemed to have beneficial ownership of the securities beneficially owned by AEG. Gores Sponsor III, LLC ("Sponsor") does not hold or otherwise beneficially own such securities.
(2) The securities reported in this transaction are held of record by Mr. Gores's spouse. As such, Alec Gores may be deemed to have beneficial ownership of the securities beneficially owned by his spouse. Sponsor does not hold or otherwise beneficially own such securities.
(3) The securities reported in this transaction are held of record by NBI Irrevocable Trust #4, a trust for the benefit of one of Mr. Gores's children. As such, Alec Gores may be deemed to have beneficial ownership of the securities beneficially owned by the trust. Sponsor does not hold or otherwise beneficially own such securities.
(4) The securities reported in this transaction are held of record by NBI Irrevocable Trust #5, a trust for the benefit of one of Mr. Gores's children. As such, Alec Gores may be deemed to have beneficial ownership of the securities beneficially owned by the trust. Sponsor does not hold or otherwise beneficially own such securities.
(5) The securities reported herein are held of record by Sponsor. AEG is the managing member of Sponsor. Alec Gores is the managing member of AEG. As such, AEG and Alec Gores may be deemed to have beneficial ownership of the securities beneficially owned by Sponsor.
(6) The shares of Class F Common Stock were convertible into shares of Class A Common Stock on a one-for-one basis without any expiration date.
(7) 3,000,000 shares of Class F Common Stock were forfeited by Sponsor to the issuer on February 10, 2020 in connection with the closing of the issuer's initial business combination.
(8) Sponsor made an in-kind distribution of such shares of Class F Common Stock immediately prior to the initial business combination.
(9) The warrants were purchased by Sponsor on September 11, 2018. The warrants will become exercisable 30 days after the closing of the issuer's initial business combination. Immediately prior to the initial business combination, Sponsor made an in-kind distribution of 1,182,925 warrants to purchase 1,182,925 shares of Class A Common Stock.
(10) Because of the relationship among the reporting persons, the reporting persons may be deemed to beneficially own the securities reported herein to the extent of their respective pecuniary interests. Each reporting person disclaims beneficial ownership of the securities reported herein, except to the extent of such reporting person's pecuniary interest therein, if any. Pursuant to Rule 16a-1(a)(4) under the Exchange Act, this filing shall not be deemed an admission that the reporting persons are, for purposes of Section 16 of the Exchange Act or otherwise, the beneficial owners of any equity securities in excess of their respective pecuniary interests.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director10% OwnerOfficerOther
Gores Sponsor III LLC
9800 WILSHIRE BLVD.
BEVERLY HILLS, CA 90212
XX

AEG Holdings, LLC
9800 WILSHIRE BLVD.
BEVERLY HILLS, CA 90212
XX

Gores Alec E
9800 WILSHIRE BLVD.
BEVERLY HILLS, CA 90212
XX


Signatures
Gores Sponsor III LLC, By: Andrew McBride, Attorney-in-Fact2/10/2020
**Signature of Reporting PersonDate

AEG Holdings, LLC, By: Andrew McBride, Attorney-in-Fact2/10/2020
**Signature of Reporting PersonDate

Alec Gores, By: Andrew McBride, Attorney-in-Fact2/10/2020
**Signature of Reporting PersonDate

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