4//SEC Filing
Gottesman Noam 4
Accession 0000893838-09-000216
CIK 0001365790other
Filed
Oct 29, 8:00 PM ET
Accepted
Oct 30, 5:35 PM ET
Size
19.1 KB
Accession
0000893838-09-000216
Insider Transaction Report
Form 4
Gottesman Noam
DirectorChairman & Co-CEO10% Owner
Transactions
- Other
Warrant (right to buy)
2009-10-28−300,000→ 90,200 total(indirect: by GLG Partners LP, as manager)Exercise: $7.50Exp: 2011-12-28→ Common Stock (300,000 underlying) - Other
Common Stock
2009-10-28−300,000→ 90,200 total(indirect: by GLG Partners LP, as investment manager) - Purchase
5.00% Dollar-Denominated Conv. Subordinated Notes Due 2014
2009-05-12$10000000.00/sh(indirect: By Trust)From: 2009-05-15Exp: 2014-05-15→ Common Stock (2,688,172 underlying)
Holdings
- 4,623
Series A Voting Preferred Stock
→ Common Stock (4,623 underlying) - 1,309,664
Common Stock
- 58,900,370(indirect: By Trust)
Series A Voting Preferred Stock
→ Common Stock (58,900,370 underlying) - 4,623
FA Sub 2 Limited Exchangeable Class B Ordinary Shares
→ Common Stock (4,623 underlying) - 58,900,370(indirect: By Trust)
FA Sub 2 Limited Exchangeable Class B Ordinary Shares
→ Common Stock (58,900,370 underlying)
Footnotes (8)
- [F1]These securities were part of units, consisting of one share of common stock of GLG Partners, Inc. and one warrant, which were held by the GLG North American Opportunity Fund at Lehman Brothers Inc. ("LBI"), as sub-custodian for Lehman Brothers International (Europe) ("LBIE"), as custodian. In connection with the expected settlement of claims in the bankruptcies of LBI and LBIE, which occurred in September 2008, on October 28, 2009 the GLG North American Opportunity Fund determined that it would likely recover a cash amount in settlement of its claims relating to the securities held at LBI in lieu of a return of the securities themselves. The amount of the cash expected to be received in respect of its claims will be a pro-rata distribution of amounts from the insolvent estates of LBI and LBIE and is not determinable at this time.
- [F2]Mr. Gottesman disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Gottesman is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
- [F3]These securities are held by certain investment funds and managed accounts managed by GLG Partners LP, as investment manager. GLG Partners Limited is the general partner of GLG Partners LP, and Messrs. Gottesman, Emmanuel Roman and Pierre Lagrange are Managing Directors of GLG Partners Limited with power to exercise investment over the securities owned by the investment funds and managed accounts and as a result, may be deemed to be the beneficial owner of these securities. As discussed above in footnote (2), Mr. Gottesman disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
- [F4]Each warrant is exercisable for one share of common stock at any time commencing on or after December 21, 2007, provided that there is an effective registration statement in effect at such time covering the shares of common stock underlying the warrants.
- [F5]The FA Sub 2 Limited Exchangeable Shares are exchangeable at any time at the election of the holder for one share of common stock of GLG Partners, Inc. For each Exchangeable Share that is exchanged for common stock of GLG Partners, Inc., a corresponding share of Series A Preferred Stock will automatically be redeemed for its par value of $0.0001 per share.
- [F6]Shares beneficially owned by the Gottesman GLG Trust (the "Trust") and Leslie J. Schreyer, in his capacity as trustee of the Trust (the "Trustee"). Mr. Gottesman has a pecuniary interest in these securities as a beneficiary of the Trust.
- [F7]The notes may be converted at any time by the holder into shares of common stock at an initial conversion rate of 268.8172 shares of common stock per $1,000 principal amount of notes, which represents a conversion price of approximately $3.72 per share of common stock, subject to certain adjustments.
- [F8]Securities beneficially owned indirectly by the Trust and the Trustee through TOMS International Ltd., a wholly owned subsidiary of the Trust. Mr. Gottesman has a pecuniary interest in these securities as a beneficiary of the Trust.
Documents
Issuer
GLG Partners, Inc.
CIK 0001365790
Entity typeother
Related Parties
1- filerCIK 0001416192
Filing Metadata
- Form type
- 4
- Filed
- Oct 29, 8:00 PM ET
- Accepted
- Oct 30, 5:35 PM ET
- Size
- 19.1 KB