SC 13G

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC 20549

SCHEDULE 13G

Under the Securities Exchange Act of 1934

RiceBran Technologies

Common Stock

(Title of Class of Securities)

762831204

(CUSIP Number)

July 20, 2017

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[  ] Rule 13d-1(b)

[X] Rule 13d-1(c)

[  ] Rule 13d-1(d)

* The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in 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).

CUSIP No. 762831204

1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	DG Capital Management, LLC
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  [  ]

(b) [X]

3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION
	Delaware, USA

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5.	SOLE VOTING POWER
	0
6.	SHARED VOTING POWER
	1,066,200*
7.	SOLE DISPOSITIVE POWER
	0
8.	SHARED DISPOSITIVE POWER
	1,066,200*
9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,066,200*

10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[  ]

11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	9.8%*
12.	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IA

CUSIP No. 762831204

1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	DG Value Partners II Master Fund, LP
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  [  ]

(b) [X]

3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION
	Cayman Islands

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5.	SOLE VOTING POWER
	0
6.	SHARED VOTING POWER
	876,515*
7.	SOLE DISPOSITIVE POWER
	0
8.	SHARED DISPOSITIVE POWER
	876,515*
9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	876,515*
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	8.0%*
12.	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	PN

CUSIP No. 762831204

1.	NAME OF REPORTING PERSONS
	I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS (ENTITIES ONLY)
	Dov Gertzulin
2.	CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)

(a)  [  ]

(b) [X]

3.	SEC USE ONLY
4.	CITIZENSHIP OR PLACE OF ORGANIZATION
	United States

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

5.	SOLE VOTING POWER
	0
6.	SHARED VOTING POWER
	1,066,200*
7.	SOLE DISPOSITIVE POWER
	0
8.	SHARED DISPOSITIVE POWER
	1,066,200*
9.	AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
	1,066,200*
10.	CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)

[  ]

11.	PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)
	9.8%*
12.	TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
	IN, HC

Item 1.	(a).	Name of Issuer:
		RiceBran Technologies
	(b).	Address of issuer’s principal executive offices:
		2928 Ramco Street
		Suite 120
		West Sacramento, CA 95691

Item 2.	(a).	Name of person filing:
		DG Capital Management, LLC
		DG Value Partners II Master Fund, LP
		Dov Gertzulin
	(b).	Address or principal business office or, if none, residence:
		460 Park Avenue, 22nd Floor
		New York, NY 10022
	(c).	Citizenship:
		DG Capital Management, LLC – Delaware, USA
		DG Value Partners II Master Fund, LP – Cayman Islands
		Dov Gertzulin – United States
	(d).	Title of class of securities:
		Common Stock
	(e).	CUSIP: 762831204

Item 3.	If This Statement is filed pursuant to §§.240.13d-1(b) or 240.13d-2(b), or (c), check whether the person filing is a:
	N/A
Item 4.	Ownership.
	Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1.

(a) Amount beneficially owned*:

DG Capital Management, LLC: 1,066,200

DG Value Partners II Master Fund, LP: 876,515

Dov Gertzulin: 1,066,200

(b) Percent of class:

DG Capital Management, LLC: 9.8%

DG Value Partners II Master Fund, LP: 8.0%

Dov Gertzulin: 9.8%

(c) Number of shares as to which each person has:

(i)	Sole power to vote or to direct the vote DG Capital Management, LLC: 0 DG Value Partners II Master Fund, LP: 0 Dov Gertzulin: 0
(ii)	Shared power to vote or to direct the vote DG Capital Management, LLC: 1,066,200 DG Value Partners II Master Fund, LP: 876,515 Dov Gertzulin: 1,066,200
(iii)	Sole power to dispose or to direct the disposition of DG Capital Management, LLC: 0 DG Value Partners II Master Fund, LP: 0 Dov Gertzulin: 0
(iv)	Shared power to dispose or to direct the disposition of DG Capital Management, LLC: 1,066,200 DG Value Partners II Master Fund, LP: 876,515 Dov Gertzulin: 1,066,200

*Shares reported herein are held by private investment funds (the “DG Entities”) for which DG Capital Management, LLC (the “Adviser”) serves as the investment manager. Dov Gertzulin serves as the managing member of the Adviser. By virtue of these relationships, the Reporting Persons may be deemed to have shared voting and dispositive power with respect to the Shares owned directly by the DG Entities. This report shall not be deemed an admission that the Reporting Persons are beneficial owners of the Shares for purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein except to the extent of the Reporting Person’s pecuniary interest therein.

The percentages herein are calculated based upon a statement by the Issuer that there were 10,927,204 shares of Common Stock issued and outstanding as of May 5, 2017, as disclosed in the Issuer’s Form 10-Q filed on May 12, 2017.

Item 5.	Ownership of Five Percent or Less of a Class.
	If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following [  ].
	N/A
Item 6.	Ownership of More Than Five Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than five percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required.
	N/A
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company or control person has filed this schedule, pursuant to Rule 13d-1(b)(1)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company or control person has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary.
	N/A
Item 8.	Identification and Classification of Members of the Group.
	If a group has filed this schedule pursuant to §240.13d-1(b)(1)(ii)(J), so indicate under Item 3(j) and attach an exhibit stating the identity and Item 3 classification of each member of the group. If a group has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identity of each member of the group.
	N/A
Item 9.	Notice of Dissolution of the Group.
	Notice of dissolution of a group may be furnished as an exhibit stating the date of the dissolution and that all further filings with respect to transactions in the security reported on will be filed, if required, by members of the group, in their individual capacity. See Item 5.
	N/A
Item 10.	Certification.
	By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect.

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: July 28, 2017	DG Capital Management, LLC
	By:	/s/ Dov Gertzulin
		Dov Gertzulin, Managing Member
	DG Value Partners II Master Fund, LP
	By:	/s/ Dov Gertzulin
		Dov Gertzulin, Managing Member of the General Partner, DG Capital Partners II, LLC
	Dov Gertzulin
	By:	/s/ Dov Gertzulin
		Dov Gertzulin, Individually

EX-1

Exhibit 1

Joint Filing Statement

Statement Pursuant to Rule 13d-1(k)(1)

The undersigned hereby consent and agree to file a joint statement on Schedule 13G under the Securities Exchange Act of 1934, as amended, with respect to the Common Stock of RiceBran Technologies beneficially owned by them, together with any or all amendments thereto, when and if appropriate. The parties hereto further consent and agree to file this Joint Filing Statement pursuant to Rule 13d-1(k)(1)(iii) as an exhibit to Schedule 13G, thereby incorporating the same into such Schedule 13G.

This Joint Filing Statement may be terminated by any of the undersigned upon written notice or such lesser period of notice as the undersigned may mutually agree.

Dated: July 28, 2017	DG Capital Management, LLC
	By:	/s/ Dov Gertzulin
		Dov Gertzulin, Managing Member
	DG Value Partners II Master Fund, LP
	By:	/s/ Dov Gertzulin
		Dov Gertzulin, Managing Member of the General Partner, DG Capital Partners II, LLC
	Dov Gertzulin
	By:	/s/ Dov Gertzulin
		Dov Gertzulin, Individually