Sec Form 4 Filing - INTEGRATED CORE STRATEGIES (US) LLC @ Global Telecom & Technology, Inc. - 2010-04-10

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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
INTEGRATED CORE STRATEGIES (US) LLC
2. Issuer Name and Ticker or Trading Symbol
Global Telecom & Technology, Inc. [ GTLT]
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)
C/O MILLENNIUM MANAGEMENT LLC, 666 FIFTH AVENUE, 8TH FLOOR
3. Date of Earliest Transaction (MM/DD/YY)
04/10/2010
(Street)
NEW YORK, NY10103
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 4,300 ( 1 ) ( 2 ) D ( 4 ) ( 7 ) ( 8 )
Common Stock 17,000 ( 1 ) ( 2 ) D ( 5 ) ( 6 ) ( 7 ) ( 8 )
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
Class Z warrant $ 5 ( 3 ) ( 3 ) 04/10/2012( 3 ) Common Stock 654,100 654,100 ( 1 ) ( 2 ) D ( 4 ) ( 7 ) ( 8 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
INTEGRATED CORE STRATEGIES (US) LLC
C/O MILLENNIUM MANAGEMENT LLC
666 FIFTH AVENUE, 8TH FLOOR
NEW YORK, NY10103
X
ICS OPPORTUNITIES, LTD.
C/O MILLENNIUM INTL. MGMT. LP
666 FIFTH AVENUE, 8TH FLOOR
NEW YORK, NY10103
May be deemed a group member.
MILLENNIUM INTERNATIONAL MANAGEMENT LP
C/O MILLENNIUM INTL. MGMT. GP LLC
666 FIFTH AVENUE, 8TH FLOOR
NEW YORK, NY10103
May be deemed a group member.
MILLENNIUM INTERNATIONAL MANAGEMENT GP LLC
666 FIFTH AVENUE, 8TH FLOOR
NEW YORK, NY10103
May be deemed a group member.
MILLENNIUM MANAGEMENT LLC
666 FIFTH AVENUE, 8TH FLOOR
NEW YORK, NY10103
May be deemed a group member.
ENGLANDER ISRAEL A
C/O MILLENNIUM MANAGEMENT LLC
666 FIFTH AVENUE, 8TH FLOOR
NEW YORK, NY10103
May be deemed a group member.
Signatures
*David Nolan, Co-President 04/22/2010
Signature of Reporting Person Date
Explanation of Responses:
( 1 )This Form 4 is being filed to report that the Reporting Persons ceased to beneficially own in excess 10% of the common stock, par value $0.0001 per share ("Common Stock"), of Global Telecom & Technology, Inc. (the "Issuer"), as a result of the expiration of 1,280,925 Class W warrants on April 10, 2010.
( 2 )As of the date of this Form 4, Integrated Core Strategies (US) LLC, a Delaware limited liability company ("Integrated Core Strategies"), is the beneficial owner of 658,400 shares of the Issuer's Common Stock, (consisting of 4,300 shares of Common Stock and 654,100 Class Z warrants); and ICS Opportunities, Ltd., an exempted limited company organized under the laws of the Cayman Islands ("ICS Opportunities"), is the beneficial owner of 17,000 shares of Common Stock.
( 3 )Each Class Z warrant entitles the holder to purchase one share of the Issuer's Common Stock at an exercise price of $5.00. The Class Z warrants will expire on April 10, 2012, or earlier upon redemption.
( 4 )Millennium Management LLC, a Delaware limited liability company ("Millennium Management"), is the general partner of the managing member of Integrated Core Strategies, and may be deemed to have shared voting control and investment discretion over securities owned by Integrated Core Strategies.
( 5 )Millennium Management is also the general partner of the 100% shareholder of ICS Opportunities, and consequently may be deemed to have shared voting control and investment discretion over securities owned by ICS Opportunities.
( 6 )Millennium International Management LP, a Delaware limited partnership ("Millennium International Management"), is the investment manager to ICS Opportunities, and consequently may be deemed to have shared voting control and investment discretion over securities owned by ICS Opportunities. Millennium International Management GP LLC, a Delaware limited liability company ("Millennium International Management GP"), is the general partner of Millennium International Management, and consequently may also be deemed to have shared voting control and investment discretion over securities owned by ICS Opportunities.
( 7 )Israel A. Englander ("Mr. Englander"), is the managing member of Millennium Management and of Millennium International Management GP, and consequently may be deemed to be the beneficial owner of any securities owned by Integrated Core Strategies or ICS Opportunities, as the case may be.
( 8 )The foregoing should not be construed in and of itself as an admission by Millennium International Management, Millennium International Management GP, Millennium Management or Mr. Englander as to beneficial ownership of the securities owned by Integrated Core Strategies or ICS Opportunities, as the case may be.

Remarks:
*INTEGRATED CORE STRATEGIES (US) LLC, By: Integrated Holding Group LP, its Managing Member, By: Millennium Management LLC, its General Partner, By: David Nolan, Co-President

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