Ownership Submission
FORM 4
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

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
OMB APPROVAL
OMB Number: 3235-0287
Expires: January 31, 2005
Estimated average burden hours per response... 0.5

(Print or Type Responses)
1. Name and Address of Reporting Person *
GINOLA LTD
   2. Issuer Name and Ticker or Trading Symbol
EMAGIN CORP [EMAN] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
C/O OGIER, WHITELEY CHAMBERS, DON STREET, ST. HELIER		 3. Date of Earliest Transaction (Month/Day/Year)
04/14/2010
(Street)

JERSEY CHANNEL ISLANDS JE4 9WG		 4. If Amendment, Date Original Filed(Month/Day/Year)
 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 Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)		 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 3. Transaction 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
Common Stock 04/14/2010   X   29,742 A (1) $ 2.5 604,099 D  
Common Stock 04/14/2010   S   17,496 D (1) $ 4.25 586,603 D  
Common Stock 04/14/2010   X   120,193 A (2) $ 1.13 706,796 D  
Common Stock 04/14/2010   S   31,958 D (2) $ 4.25 674,838 D  
Common Stock 04/14/2010   X   746,666 A (3) $ 1.03 1,421,504 D  
Common Stock 04/14/2010   S   180,957 D (3) $ 4.25 1,240,547 D  
Common Stock 04/14/2010   X   29,742 A (4) $ 2.5 305,826 I By Rainbow Gate Corporation (5)
Common Stock 04/14/2010   S   17,496 D (4) $ 4.25 288,330 I By Rainbow Gate Corporation (5)
Common Stock 04/14/2010   X   653,333 A (6) $ 1.03 941,663 I By Rainbow Gate Corporation (5)
Common Stock 04/14/2010   S   158,338 D (6) $ 4.25 783,325 I By Rainbow Gate Corporation (5)
Common Stock 04/14/2010   X   120,193 A (7) $ 1.13 404,929 I By Crestflower Corporation (8)
Common Stock 04/14/2010   S   31,958 D (7) $ 4.25 372,971 I By Crestflower Corporation (8)
Common Stock 04/14/2010   X   32,540 A (9) $ 2.5 97,620 I By Mount Union Corp. (8)
Common Stock 04/14/2010   S   19,142 D (9) $ 4.25 78,478 I By Mount Union Corp. (8)
Common Stock               57,372 I By Chelsea Trust Company, as Trustee (8)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. SEC 1474 (9-02)

Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
(e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)		 2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 4. Transaction Code
(Instr. 8)		 5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)		 6. Date Exercisable and Expiration Date
(Month/Day/Year)		 7. Title and Amount of Underlying Securities
(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)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Stock Purchase Warrants (right to buy) $ 2.5 04/14/2010   X     29,742 11/03/2004 04/25/2010 Common Stock 29,742 $ 0 (1) 0 D  
Stock Purchase Warrants (right to buy) $ 1.13 04/14/2010   X     120,193 04/02/2008 04/02/2013 Common Stock 120,193 $ 0 (2) 0 D  
Stock Purchase Warrants (right to buy) $ 1.03 04/14/2010   X     746,666 07/23/2007 07/21/2011 Common Stock 746,666 $ 0 (3) 0 D  
Stock Purchase Warrants (right to buy) $ 2.5 04/14/2010   X     29,742 11/03/2004 04/25/2010 Common Stock 29,742 $ 0 (4) 0 I By Rainbow Gate Corporation (5)
Stock Purchase Warrants (right to buy) $ 1.03 04/14/2010   X     653,333 07/23/2007 07/21/2011 Common Stock 653,333 $ 0 (6) 0 I By Rainbow Gate Corporation (5)
Stock Purchase Warrants (right to buy) $ 1.13 04/14/2010   X     120,193 04/02/2008 04/02/2013 Common Stock 120,193 $ 0 (7) 0 I By Crestflower Corporation (8)
Stock Purchase Warrants (right to buy) $ 2.5 04/14/2010   X     32,540 11/03/2004 04/25/2010 Common Stock 32,540 $ 0 (9) 0 I By Mount Union Corp. (8)
Series B Convertible Preferred Stock $ 0.75 (10)             12/22/2008   (10)(11) Common Stock 1,070,667   803 D  
Series B Convertible Preferred Stock $ 0.75 (10)             12/22/2008   (10)(11) Common Stock 937,333   703 I By Rainbow Gate Corporation (5)
Stock Purchase Warrants (right to buy) $ 10 (12)             10/26/2008 10/20/2010 Common Stock 54,545   54,545 I By Rainbow Gate Corporation (5)
Stock Purchase Warrants (right to buy) $ 10 (12)             10/26/2008 10/20/2010 Common Stock 27,273   27,273 I By Chelsea Trust Company, as Trustee (8)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GINOLA LTD
C/O OGIER, WHITELEY CHAMBERS, DON STREET
ST. HELIER
JERSEY CHANNEL ISLANDS JE4 9WG		     X    

Signatures

 /s/ Jonathan White, Director of Ginola Limited   04/16/2010
**Signature of Reporting Person Date

Explanation of Responses:

* If the form is filed by more than one reporting person, see Instruction 4(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) Reporting Person elected to do a cashless exercise of its Series F Warrant pursuant to Section 3(d) of such warrant because the requirements of such section were met due to the Issuer failing to have an effective registration statement covering the underlying shares of such warrant.
(2) Reporting Person elected to do a cashless exercise of Warrant No. 326 pursuant to Section 10(b) of such warrant because the requirements of such section were met due to the Issuer failing to have an effective registration statement covering the underlying shares of such warrant.
(3) Reporting Person elected to do a cashless exercise of Warrant No. ARW-311 pursuant to Section 2(b) of such warrant because the requirements of such section were met due to the Issuer failing to have an effective registration statement covering the underlying shares of such warrant.
(4) Rainbow Gate Corporation elected to do a cashless exercise of its Series F Warrant pursuant to Section 3(d) of such warrant because the requirements of such section were met due to the Issuer failing to have an effective registration statement covering the underlying shares of such warrant.
(5) These securities are owned by Rainbow Gate Corporation. The shareholder of the Reporting Person is also the same shareholder of Rainbow Gate Corporation.
(6) Rainbow Gate Corporation elected to do a cashless exercise of Warrant No. ARW-310 pursuant to Section 2(b) of such warrant because the requirements of such section were met due to the Issuer failing to have an effective registration statement covering the underlying shares of such warrant.
(7) Crestflower Corporation elected to do a cashless exercise of Warrant No. 327 pursuant to Section 10(b) of such warrant because the requirements of such section were met due to the Issuer failing to have an effective registration statement covering the underlying shares of such warrant.
(8) These securities are owned solely by Crestflower Corporation, Mount Union Corp., and Chelsea Trust Company Limited, as trustee, as indicated. The Reporting Person disclaims beneficial ownership of these securities, and this report shall not be deemed an admission that the Reporting Person is the beneficial owner of these securities.
(9) Mount Union Corp. elected to do a cashless exercise of its Series F Warrant pursuant to Section 3(d) of such warrant because the requirements of such section were met due to the Issuer failing to have an effective registration statement covering the underlying shares of such warrant.
(10) The shares of Series B Convertible Preferred Stock have the rights and preferences set forth on the Certificate of Designations of Series B Convertible Preferred Stock filed with the Secretary of State for the State of Delaware on December 19, 2008. The Series B Convertible Preferred Stock has a stated value of $1,000 per share and currently has a conversion price of $0.75 per share.
(11) The shares of Series B Convertible Preferred Stock were purchased on December 22, 2008 as part of a private placement with the Issuer in accordance with the Securities Purchase Agreement, dated December 18, 2008, between the Issuer and the Reporting Person.
(12) The warrants to purchase Issuer's Common Stock have an exercise price of $10.00 per share, are exercisable immediately, and will expire on October 20, 2010.

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.