SEC Form 4 · accession 0000899243-17-001255
LIONBRIDGE TECHNOLOGIES INC /DE/ · LIOX
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owners
Glenn J Krevlin
Other
Period of report
Jan 4, 2017
Accepted (ET)
Jan 13, 2017 · 4:13 pm EST
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0001058299
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Common StockF1,F2,F3 | Jan 4, 2017 | S | 4,344 | $5.775 | D | 6,854,423 | I | See Footnotes |
| Common StockF1,F2,F3 | Jan 4, 2017 | S | 17,720 | $5.7828 | D | 6,836,703 | I | See Footnotes |
| Common StockF1,F2,F3 | Jan 5, 2017 | S | 741 | $5.77 | D | 6,835,962 | I | See Footnotes |
| Common StockF1,F2,F3 | Jan 5, 2017 | S | 19,594 | $5.725 | D | 6,816,368 | I | See Footnotes |
| Common StockF1,F2,F3 | Jan 5, 2017 | S | 974 | $5.7941 | D | 6,815,394 | I | See Footnotes |
| Common StockF1,F2,F3 | Jan 5, 2017 | S | 12,961 | $5.7898 | D | 6,802,433 | I | See Footnotes |
| Common StockF1,F2,F3 | Jan 5, 2017 | S | 4,872,673 | $5.7014 | D | 1,929,760 | I | See Footnotes |
| Common StockF1,F2,F3 | Jan 6, 2017 | S | 16,010 | $5.71 | D | 1,913,750 | I | See Footnotes |
| Common StockF1,F2,F3 | Jan 6, 2017 | S | 4,175 | $5.7401 | D | 1,909,575 | I | See Footnotes |
| Common StockF1,F2,F3 | Jan 6, 2017 | S | 1,235,646 | $5.7116 | D | 673,929 | I | See Footnotes |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Of the total securities reported in this Form 4, following the reported transactions Glenn J. Krevlin directly owns 201,854 shares and Glenhill Long Fund, LP directly owns 472,075 shares of the Issuer, and each of Glenhill Capital Overseas Master Fund, LP and Glenhill Concentrated Long Master Fund, LLC owns no shares of the Issuer. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.
- F2The securities reported in this Form 4 do not include shares that were held in third party accounts for the benefit of third parties, which were managed by one or more of the Reporting Persons and for which such Reporting Persons had investment power and received management fees and performance-related fees (the "Managed Accounts"). Pursuant to Rule 16a-1(a)(1)-(2) of the Securities Exchange Act of 1934, as amended, the Reporting Persons were not the beneficial owner (and disclaim beneficial ownership) of such securities and had no pecuniary interest therein. On the date of this filing, there are no shares of common stock of the issuer held in such Managed Accounts.
- F3Mr. Krevlin is managing member and control person of Glenhill Advisors, LLC, and is sole shareholder of Krevlin Management, Inc., which is managing member of Glenhill Capital Advisors, LLC, which is the investment manager of Glenhill Capital Overseas Master Fund, LP, Glenhill Concentrated Long Master Fund, LLC, and Glenhill Long Fund, LP, which (with Mr. Krevlin) collectively own the reported securities (see Footnote 1). Glenhill Advisors, LLC is the managing member of Glenhill Capital Management, LLC, which is the managing member of Glenhill Concentrated Long Master Fund, LLC and Glenhill Long GP, LLC, and is sole shareholder of Glenhill Capital Overseas GP, Ltd., which is the general partner of Glenhill Capital Overseas Master Fund, LP. Glenhill Long GP, LLC is the general partner of Glenhill Long Fund LP.