Sec Form 4 Filing - GLENHILL ADVISORS LLC @ LIONBRIDGE TECHNOLOGIES INC /DE/ - 2014-06-27

Insider filing report for Changes in Beneficial Ownership
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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
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
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1. Name and Address of Reporting Person
GLENHILL ADVISORS LLC
2. Issuer Name and Ticker or Trading Symbol
LIONBRIDGE TECHNOLOGIES INC /DE/ [ LIOX]
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)
600 FIFTH AVENUE, 11TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
06/27/2014
(Street)
NEW YORK, NY10020
4. If Amendment, Date Original Filed (MM/DD/YY)
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 (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 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 06/27/2014 S 2,569 D $ 6.0767 7,931,314 ( 1 ) ( 2 ) I ( 1 ) ( 2 ) ( 3 ) See Footnotes ( 1 ) ( 2 ) ( 3 )
Common Stock 06/27/2014 S 123,120 D $ 6.005 7,808,194 ( 1 ) ( 2 ) I ( 1 ) ( 2 ) ( 3 ) See Footnotes ( 1 ) ( 2 ) ( 3 )
Common Stock 06/27/2014 S 105,503 D $ 5.99 7,702,691 ( 1 ) ( 2 ) I ( 1 ) ( 2 ) ( 3 ) See Footnotes ( 1 ) ( 2 ) ( 3 )
Common Stock 06/27/2014 S 98,417 D $ 6.02 7,604,274 ( 1 ) ( 2 ) I ( 1 ) ( 2 ) ( 3 ) See Footnotes ( 1 ) ( 2 ) ( 3 )
Common Stock 06/27/2014 S 24,703 D $ 6.0334 7,579,571 ( 1 ) ( 2 ) I ( 1 ) ( 2 ) ( 3 ) See Footnotes ( 1 ) ( 2 ) ( 3 )
Common Stock 06/27/2014 S 99 D $ 6.0451 7,579,472 ( 1 ) ( 2 ) I ( 1 ) ( 2 ) ( 3 ) See Footnotes ( 1 ) ( 2 ) ( 3 )
Common Stock 06/27/2014 S 29,931 D $ 6.0438 7,549,541 ( 1 ) ( 2 ) I ( 1 ) ( 2 ) ( 3 ) See Footnotes ( 1 ) ( 2 ) ( 3 )
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 (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 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
(MM/DD/YY)
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
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
GLENHILL ADVISORS LLC
600 FIFTH AVENUE
11TH FLOOR
NEW YORK, NY10020
X
KREVLIN GLENN J
600 FIFTH AVENUE
11TH FLOOR
NEW YORK, NY10020
X
GLENHILL CAPITAL ADVISORS, LLC
600 FIFTH AVENUE
11TH FLOOR
NEW YORK, NY10020
X
GLENHILL CAPITAL MANAGEMENT LLC
600 FIFTH AVENUE
11TH FLOOR
NEW YORK, NY10020
X
Signatures
/s/ Glenn J. Krevlin 07/01/2014
Signature of Reporting Person Date
/s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC 07/01/2014
Signature of Reporting Person Date
/s/ Glenn J. Krevlin, President, Krevlin Management, Inc., Managing Member, Glenhill Capital Advisors, LLC 07/01/2014
Signature of Reporting Person Date
/s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC, Managing Member, Glenhill Capital Management, LLC 07/01/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Of the total securities reported in this Form 4, following the reported transactions Glenn J. Krevlin directly owns 201,854 shares, Glenhill Capital Overseas Master Fund, LP directly owns 6,298,074 shares, Glenhill Concentrated Long Master Fund, LLC directly owns 506,800 shares, Glenhill Long Equities Master Fund, LP directly owns 273,221 shares and Glenhill Long Fund, LP directly owns 269,592 shares. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.
( 2 )The securities reported in this Form 4 do not include shares held in third party accounts for the benefit of third parties, which are managed by one or more of the Reporting Persons and for which such Reporting Persons have investment power and receive 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 are not the beneficial owner (and disclaim beneficial ownership) of such securities and have no pecuniary interest therein. On the date of this filing, there are 597,205 shares of common stock of the issuer held in such Managed Accounts.
( 3 )Mr. Krevlin is the managing member and control person of Glenhill Advisors, LLC and is sole shareholder of Krevlin Management, Inc., which is the 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, Glenhill Long Fund, LP and Glenhill Long Equities Master Fund, LP, which (with Mr. Krevlin) collectively own the reported securities (see Footnote 1). Glenhill Advisors, LLC is managing member of Glenhill Capital Management, LLC, which is managing member of Glenhill Concentrated Long Master Fund, LLC, Glenhill Long GP, LLC and Glenhill Long Equities Fund 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. Glenhill Long Equities Fund GP, LLC is the general partner of Glenhill Long Equities Master Fund, LP.

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