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 *
S A C CAPITAL MANAGEMENT L L C
  2. Issuer Name and Ticker or Trading Symbol
MModal Inc. [MODL]
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)
540 MADISON AVENUE, 
3. Date of Earliest Transaction (Month/Day/Year)
01/26/2012
(Street)

NEW YORK, NY 10022
4. If Amendment, Date Original Filed(Month/Day/Year)
6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ 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, par value $0.10 per share (the "Common Stock") 01/26/2012   P   3,200 A $ 10.81 (1) 3,200 I See Footnotes (4) (8) (9) (10) (11)
Common Stock 01/26/2012   S   511 D $ 10.93 2,689 I See Footnotes (4) (8) (9) (10) (11)
Common Stock 01/27/2012   P   600 A $ 10.89 3,289 I See Footnotes (4) (8) (9) (10) (11)
Common Stock 01/30/2012   S   800 D $ 10.81 (2) 2,489 I See Footnotes (4) (8) (9) (10) (11)
Common Stock               15,768,938 I See Footnotes (5) (8) (9) (10) (11)
Common Stock               1,484,689 I See Footnotes (6) (8) (9) (10) (11)
Common Stock               304,175 I See Footnotes (7) (8) (9) (10) (11)

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
Equity Swap (obligation to sell) $ 10.93 01/27/2012   J/K(3)   1   01/27/2012   (3) Common Stock 100 (3) 1 I See Footnotes (4) (8) (9) (10) (11)

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
S A C CAPITAL MANAGEMENT L L C
540 MADISON AVENUE
NEW YORK, NY 10022
  X   X    
S.A.C. PEI CB Investment, L.P.
C/O WALKERS CORPORATE SERVICES LIMITED
WALKER HOUSE, 87 MARY STREET
GEORGE TOWN, E9 KY1-9002
  X   X    
S.A.C. PEI CB Investment II, LLC
72 CUMMINGS POINT ROAD
STAMFORD, CT 06902
  X   X    
S.A.C. PEI CB Investment GP, LTD
C/O WALKERS CORPORATE SERVICES LIMITED
WALKER HOUSE, 87 MARY STREET
GEORGE TOWN, GRAND CAYMAN, E9 KY1-9002
  X   X    
S.A.C. Private Equity Investors, L.P.
C/O WALKERS CORPORATE SERVICES LIMITED
WALKER HOUSE, 87 MARY STREET
GEORGE TOWN, GRAND CAYMAN, E9 KY1-9002
  X   X    
S.A.C. Private Equity GP, L.P.
C/O WALKERS CORPORATE SERVICES LIMITED
WALKER HOUSE, 87 MARY STREET
GEORGE TOWN, GRAND CAYMAN, E9 KY1-9002
  X   X    
LAZARD FRERES & CO LLC
30 ROCKFELLER PLAZA
59TH FLOOR
NEW YORK, NY 10020
      Parent ofParent of Inv.Advisor

Signatures

 By: /s/ Peter Nussbaum, on behalf of S.A.C. Capital Management, LLC   02/17/2012
**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) The price reported is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $10.69 to $11.00, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each price within the range set forth herein.
(2) The price reported is a weighted average price. These shares were acquired in multiple transactions at prices ranging from $10.73 to $10.89, inclusive. The reporting person undertakes to provide to the issuer, any security holder of the issuer, or staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares acquired at each price within the range set forth herein.
(3) On January 27, 2012, an equity swap transaction was entered into for the benefit of S.A.C. MultiQuant Fund, LLC ("SAC MultiQuant") with a securities broker pursuant to which, upon expiration or earlier settlement of the transaction, (i) the broker would pay to SAC MultiQuant $1,093, representing $10.93 per share with respect to each of the 100 shares of the issuer's common stock referenced in the transaction, and (ii) SAC MultiQuant would pay to the broker the market value of 100 shares of the issuer's common stock as of the expiration or earlier settlement of the transaction. The swap transaction further provided that, during its term, (i) SAC MultiQuant would pay to the broker an amount equal to any dividends paid by the issuer on 100 shares of common stock, and (ii) the broker would pay to SAC MultiQuant interest on $1,093. SAC MultiQuant's account would also be charged a transaction fee by the broker.
(4) Securities directly beneficially owned by SAC MultiQuant. All transactions reported on this Form 4 were in respect of securities directly beneficially owned by SAC MultiQuant and were effected pursuant to automated quantitative trading strategies. On behalf of the Reporting Persons, S.A.C. Capital Advisors, L.P. ("SAC Advisors LP") has agreed to disgorge to the issuer all statutory "profits" pursuant to Section 16(b) of the Securities Exchange Act of 1934 that resulted from the transactions reported herein.
(5) Securities directly beneficially owned by S.A.C. PEI CB Investment, L.P. ("SAC CBI").
(6) Securities directly beneficially owned by S.A.C. PEI CB Investment II, LLC ("SAC CBI II").
(7) Securities directly beneficially owned by International Equities (S.A.C. Asia) Limited ("SAC Asia").
(8) The general partner of SAC CBI is S.A.C. PEI CB Investment GP, Limited ("SAC CBI GP"); S.A.C. Private Equity Investors, L.P. ("SAC PEI") is the sole shareholder of SAC CBI GP; S.A.C. Private Equity GP, L.P. ("SAC PEI GP") is the general partner of SAC PEI; S.A.C. Capital Management, LLC ("SAC Management LLC") is the general partner of SAC PEI GP; and Mr. Steven A. Cohen controls SAC Management LLC. The manager of SAC CBI II is S.A.C. Private Capital Group, LLC ("SAC PCG"); SAC Advisors LP manages SAC PCG; S.A.C. Capital Advisors Inc. ("SAC Advisors Inc.") is the general partner of SAC Advisors LP; and Mr. Cohen controls SAC Advisors Inc.
(9) (Continued from footnote 8) Pursuant to investment management agreements, SAC Advisors LP and S.A.C. Capital Advisors, LLC ("SAC Advisors LLC") maintain voting and dispositive power with respect to securities held by SAC Asia; and Mr. Cohen controls SAC Advisors LLC. Pursuant to an investment management agreement, SAC Advisors LP maintains voting and dispositive power with respect to securities held by SAC MultiQuant.
(10) Messrs. Peter Berger, Frank Baker and Jeffrey Hendren, directors of the issuer, are former employees of SAC PCG and continue to oversee the Reporting Persons' investment in the issuer.
(11) Because no more than 10 reporting persons can submit any one Form 4 through the Securities and Exchange Commission's EDGAR system, SAC PCG, SAC Advisors LP, SAC Advisors Inc., SAC Advisors LLC and Mr. Cohen have submitted a separate Form 4. Although submitted separately, the two submissions are intended to be a single filing.
 
Remarks:
In accordance with Instruction 5(b)(iv), the entire amount of the issuer's securities held by SAC CBI, SAC CBI II, SAC Asia and SAC MultiQuant is reported herein.  Each of the Reporting Persons expressly disclaims beneficial ownership of the securities reported herein except to the extent of his or its pecuniary interest therein, if any, and this report shall not be deemed an admission that any of the Reporting Persons is the beneficial owner of any such securities for purposes of Section 16 of the Securities Exchange Act of 1934, or for any other purposes. Any disclosures made by a Reporting Person herein with respect to persons or entities other than such Reporting Person are made on information and belief after making inquiry to the appropriate party. Each of the Reporting Persons is responsible for the completeness and accuracy of the information concerning him or it contained herein, but is not responsible for the completeness and accuracy of the information concerning the others, except to the extent that he or it knows or has reason to believe that such information is inaccurate. Exhibit 99.1 - Joint Filer Information

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.