UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

SCHEDULE 13D/A

Under the Securities Exchange Act of 1934

(Amendment No. 21)*

Premier Exhibitions, Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

74051E201

(CUSIP Number)

Mark A. Sellers

Sellers Capital LLC

707 Skokie Boulevard

Northbrook, IL 60062

(312) 674-4573

(Name, Address and Telephone Number of Person Authorized to Receive Notices and Communications)

December 18, 2015

(Date of Event Which Requires Filing of this Statement)

If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box.  ¨

Note: Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7 for other parties to whom copies are to be sent.

The information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).

This Amended Statement of Beneficial Ownership on Schedule 13D (“Amendment 21”) amends the Amended Statement of Beneficial Ownership on Schedule 13D filed on December 1, 2014 (“Amendment 20”), and all previous Statements of Beneficial Ownership on Schedule 13D filed in connection with the parties and matters referenced herein, with respect to the common stock (the “Common Stock”) of Premier Exhibitions, Inc., a Florida corporation (the “Issuer”). Any capitalized terms used and not defined in this Amendment 21 shall have the meanings set forth in Amendment 20, previous amendments and/or the original Schedule 13D to which this Amendment 21 relates. Only those items that are hereby reported are amended; all other items remain unchanged.

On December 18, 2015, SCMF distributed all of the shares of Common Stock held by SCMF and reported as beneficially owned by the Reporting Persons in Amendment 20, to persons redeeming interests in SCMF’s feeder funds, at a price per share value of $0.78 (the “Distribution”). The Reporting Persons note that the number of shares reported as beneficially owned in Amendment 20 was 15,430,179; however, on February 27, 2015, the Issuer effected a 1 for 10 reverse stock split of the Common Stock (the “reverse split”), resulting in the Reporting Persons beneficially owning 1,543,018 shares of Common Stock. In conjunction with the reverse split, the CUSIP number was changed to 74051E201.

As a result of the Distribution, Reporting Person Mark A. Sellers received 85,298 shares of Common Stock. Also, on November 5, 2015, Reporting Person Mark A. Sellers resigned from the Board of Directors of the Issuer, effective as of that date.

(a)-(b) Incorporated by reference to Items (7) - (11) and (13) of the cover page relating to each Reporting Person.

(c) Other than the matters referred to herein, there have been no other transactions in the Common Stock effected by the Reporting Persons during the past sixty days.

(d) No other person is known to have the right to receive or the power to direct the receipt of dividends from, or any proceeds from the sale of, securities of the Issuer beneficially owned by the Reporting Persons.

(e) As of December 18, 2015, each of the Reporting Persons ceased to be the beneficial owner of more than five percent of the class of securities.

The matters set forth in Items 4 and 5 to this Amendment 21 to Schedule 13D, and all previous Statements of Beneficial Ownership on Schedule 13D filed in connection with the parties and matters referenced herein (including exhibits), are incorporated in this Item 6 by reference as if fully set forth herein. Except for the matters discussed in this Amendment 21, in previous amendments and/or the original Schedule 13D to which this Amendment 21 relates, and any exhibits thereto, there are no contracts, arrangements, understandings or relationships with respect to securities of the Issuer.

Exhibit 99.1: The Amended Joint Filing Agreement by and among Sellers Capital LLC, Sellers Capital Master Fund, Ltd. and Mark A. Sellers dated October 21, 2014, and filed as Exhibit 99.1 to Amendment 19 on October 21, 2014, is incorporated by reference herein.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Dated this 22nd day of December, 2015.