SECURITIES AND EXCHANGE COMMISSIONSEC FORM 17-C

CURRENT REPORT UNDER SECTION 17
OF THE SECURITIES REGULATION CODE
AND SRC RULE 17.2(c) THEREUNDER

1. Date of Report (Date of earliest event reported)

Jan 12, 2016

2. SEC Identification Number

A200110402

3. BIR Tax Identification No.

213-054-503

4. Exact name of issuer as specified in its charter

SBS PHILIPPINES CORPORATION

5. Province, country or other jurisdiction of incorporation

QUEZON CITY, PHILIPPINES

6. Industry Classification Code(SEC Use Only)

7. Address of principal office

NO. 10 RESTHAVEN STREET, SAN FRANCISCO DEL MONTE, PHILIPPINES Postal Code 1105

8. Issuer's telephone number, including area code

(02) 371 1111

9. Former name or former address, if changed since last report

n/a

10. Securities registered pursuant to Sections 8 and 12 of the SRC or Sections 4 and 8 of the RSA

Title of Each Class	Number of Shares of Common Stock Outstanding and Amount of Debt Outstanding
COMMON SHARES	1,200,000,000

11. Indicate the item numbers reported herein

Item 9

The Exchange does not warrant and holds no responsibility for the veracity of the facts and representations contained in all corporate disclosures, including financial reports. All data contained herein are prepared and submitted by the disclosing party to the Exchange, and are disseminated solely for purposes of information. Any questions on the data contained herein should be addressed directly to the Corporate Information Officer of the disclosing party.

SBS Philippines CorporationSBS

PSE Disclosure Form 13-1 - Change in Shareholdings of
Directors and Principal Officers References: SRC Rule 23 (SEC Form 23-B) and
Section 13 of the Revised Disclosure Rules

Subject of the Disclosure
Amendment in the shareholdings of Mr. Necisto U. Sytengco, Director & Chairman of the Board and President to include changes in the indirect interests
Background/Description of the Disclosure
Amendment in the indirect interests of Mr. Necisto U. Sytengco arising from the share acquisitions of an immediate member of his family (Aylene Y. Sytengco)

Name of Person	NECISTO U. SYTENGCO
Position/Designation	DIRECTOR/CHAIRMAN OF THE BOARD & PRESIDENT

For Equity Securities

Type of Security / Stock Symbol	Date of Transaction	Securities Acquired (A) or Disposed (D)			Ownership Form Direct (D) or Indirect (I)	Nature of Indirect Beneficial Ownership
		Number of Shares	(A) or (D)	Price per Share
SBS	Dec 11, 2015	892,000	A	6.0019	D	N/A
SBS	Dec 11, 2015	79,000	A	6.0662	D	N/A
SBS	Dec 11, 2015	9,600	A	6.1138	D	N/A
SBS	Dec 2, 2015	124,300	(A)	6.30	I	Held through immediate family members (Aylene Y Sytengco) ngco
SBS	Dec 1, 2015	1,000	(A)	5.99	I	Held through immediate family member (Aylene Y. Sytengco)
SBS	Dec 1, 2015	2,000	(A)	5.98	i	Held through immediate family member (Aylene Y Sytengco)
SBS	Dec 1, 2015	11,000	(A)	5.97	I	Held though an immediate family member (Aylene Y. Sytengco)
SBS	Dec 1, 2015	18,000	(A)	5.96	I	Held through an immediate family member (Aylene Y Sytengco
SBS	Dec 1, 2015	26,000	(A)	5.95	i	Held through an immediate family member(aylene Y Sytengco)
SBS	Dec 1, 2015	35,900	(A)	5.94	i	Held through an immediate member of the family (Aylene Y. Sytengco)

Number of Shares Owned after the Transaction

Direct	20,670,300
Indirect	429,447,350