Ownership Submission
FORM 3
 UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF 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 *
  Penn Daniel
 2. Date of Event Requiring Statement (Month/Day/Year)
02/01/2010		 3. Issuer Name and Ticker or Trading Symbol
CENTRAL EUROPEAN MEDIA ENTERPRISES LTD [CETV]
(Last)
(First)
(Middle)
C/O CME DEVELOPMENT CORPORATION, 52 CHARLES STREET		 4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director _____ 10% Owner
__X__ Officer (give title below) _____ Other (specify below)
EVP, General Counsel
 5. If Amendment, Date Original Filed(Month/Day/Year)
02/01/2010
(Street)

LONDON, X0 W1J 5EU		 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 Beneficially Owned
1.Title of Security
(Instr. 4)		 2. Amount of Securities Beneficially Owned
(Instr. 4)		 3. Ownership Form: Direct (D) or Indirect (I)
(Instr. 5)		 4. Nature of Indirect Beneficial Ownership
(Instr. 5)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 4)		 2. Date Exercisable and Expiration Date
(Month/Day/Year)		 3. Title and Amount of Securities Underlying Derivative Security
(Instr. 4)		 4. Conversion or Exercise Price of Derivative Security 5. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 5)		 6. Nature of Indirect Beneficial Ownership
(Instr. 5)
Date Exercisable Expiration Date Title Amount or Number of Shares
Option: Right to Buy 05/03/2005(1) 05/02/2014 Class A Common Stock; par value $0.08 10,000 $ 18.18 D  
Option: Right to Buy 10/01/2005(2) 09/30/2014 Class A Common Stock; par value $0.08 10,000 $ 28.6 D  
Option: Right to Buy 06/02/2006(3) 06/01/2015 Class A Common Stock; par value $0.08 10,000 $ 44.5 D  
Option: Right to Buy 06/08/2007(4) 06/07/2016 Class A Common Stock; par value $0.08 8,000 $ 56.42 D  
Option: Right to Buy 12/14/2007(5) 12/13/2016 Class A Common Stock; par value $0.08 12,500 $ 72.05 D  
Option: Right to Buy 12/05/2008(6) 12/04/2015 Class A Common Stock; par value $0.08 12,500 $ 113.56 D  
Option: Right to Buy 12/16/2009(7) 12/15/2016 Class A Common Stock; par value $0.08 12,500 $ 22.64 D  
Option: Right to Buy 05/15/2010(8) 05/14/2015 Class A Common Stock; par value $0.08 33,000 $ 17.52 D  

Reporting Owners

Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Penn Daniel
C/O CME DEVELOPMENT CORPORATION
52 CHARLES STREET
LONDON, X0 W1J 5EU		       EVP, General Counsel  

Signatures

/s/ Joanne Cochrane on behalf of Daniel Penn 02/02/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 5(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) 3,333 options are exercisable on each of 05/03/2005 and 05/03/2006 and 3,334 options are exercisable on 05/03/2007.
(2) 3,333 options are exercisable on each of 10/01/2005 and 10/01/2006 and 3,334 options are exercisable on 10/01/2007.
(3) 2,500 options are exercisable on each of 06/02/2006, 06/02/2007, 06/02/2008 and 06/02/2009.
(4) 2,000 options are exercisable on each of 06/08/2007, 06/08/2008, 06/08/2009 and 06/08/2010.
(5) 3,125 options are exercisable on each of 12/14/2007, 12/14/2008, 12/14/2009 and 12/14/2010.
(6) 3,125 options are exercisable on each of 12/05/2008, 12/05/2009, 12/05/2010 and 12/05/2011.
(7) 3,125 options are exercisable on each of 12/16/2009, 12/16/2010, 12/16/2011 and 12/16/2012.
(8) 16,500 options will become exercisable on each of 05/15/2010 and 05/15/2011.

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