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
                                                                                  
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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(f) of the Investment Company Act of 1940
                      

1. Name and Address of Reporting Person *

RAYNE ROBERT A 		2. Issuer Name and Ticker or Trading Symbol

CHYRON CORP [ CGS ] 		5. Relationship of Reporting Person(s) to Issuer (Check all applicable)

__ X __ Director                      __ X __ 10% Owner
_____ Officer (give title below)      _____ Other (specify below)
(Last)          (First)          (Middle)

33 ROBERT ADAM STREET 		3. Date of Earliest Transaction (MM/DD/YYYY)

7/31/2008
(Street)

LONDON ENGLAND, X0 W1G 3HR
(City)        (State)        (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)

 
6. Individual or Joint/Group Filing (Check Applicable Line)

_ X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3) 		2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. 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                  30382   D    
Common Stock                  2658864   I   (1) By LMS Capital plc   (1)

Table II - Derivative Securities Beneficially Owned ( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3) 		2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. 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 7. Title and Amount of Securities Underlying Derivative Security
(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
Options   $5.87   7/31/2008     A     15000         (3) 7/31/2018   Common Stock   15000     (2) 15000   D    

Explanation of Responses:
( 1)  Represents 134,680 shares owned by Lion Investments Ltd. ("Lion"), 1,238,464 shares owned by LMS Tiger Investments Limited ("Tiger") and 1,285,720 shares owned by Westpooll Investment Trust plc ("Westpool"). Lion, Tiger and Westpool are wholly-owned investment companysubsidiaries of LMS Capital plc ("LMS"). Mr. Rayne, a Director of Chyron Corporation, is Chief Executive Officer, a Director and a principal shareholder of LMS and shares voting and investment control over thse shares with two other executive directors of LMS. Mr. Rayne disclaims beneficial ownership of the shares except to the extent of pecuniary interest therein.
( 2)  Option granted at 5.87
( 3)  The first 5,000 are scheduled to vest 1/12th at the end of each month in the 12 months following 7/31/2008. The second 5,000 are scheduled to vest on 7/31/2010 and the third 5,000 on 7/31/2011. If the director leaves the Board prior to 7/31/2009, any unvested options are forfeited. If the director is on the Board at 7/31/2009, all the options will vest as per the above described vesting schedule regardless of whether the director remains on the Board after 7/31/2009.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
RAYNE ROBERT A
33 ROBERT ADAM STREET
LONDON ENGLAND, X0 W1G 3HR 		X X


Signatures
Jerry Kieliszak, Attorney-in-fact 8/6/2008
** Signature of Reporting Person Date


Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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.
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