Sec Form 4 Filing - COWAN RORY J @ LIONBRIDGE TECHNOLOGIES INC /DE/ - 2014-01-13

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
COWAN RORY J
2. Issuer Name and Ticker or Trading Symbol
LIONBRIDGE TECHNOLOGIES INC /DE/ [ LIOX]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director _____ 10% Owner
X __ Officer (give title below) _____ Other (specify below)
Director, CEO, President
(Last) (First) (Middle)
C/O LIONBRIDGE TECHNOLOGIES, INC., 1050 WINTER STREET
3. Date of Earliest Transaction (MM/DD/YY)
01/13/2014
(Street)
WALTHAM, MA02451
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
__ X __ Form filed by One Reporting Person
_____ 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 01/13/2014 A 55,000 ( 1 ) A $ 0 4,000,393 D
common stock 01/13/2014 A 180,000 ( 2 ) A $ 0 4,180,393 D
common stock 01/15/2014 S 15,000 ( 4 ) D $ 5.5544 4,165,393 D
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
option with right of purchase $ 5.45 01/13/2014 A 30,000 ( 3 ) 01/13/2015 01/13/2024 common stock 30,000 $ 5.45 30,000 D
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
COWAN RORY J
C/O LIONBRIDGE TECHNOLOGIES, INC.
1050 WINTER STREET
WALTHAM, MA02451
X Director, CEO, President
Signatures
Rory J. Cowan 01/15/2014
Signature of Reporting Person Date
Explanation of Responses:
( 1 )Shares vest on the day the Company publicly releases its earnings for 2015 if the Company meets pre-established and revenue profitability targets.
( 2 )Grant of restricted stock under 2011 Stock Incentive Plan with restrictions lapsing over 4 years
( 3 )Grant of stock option under 2011 Stock Incentive Plan vesting at a rate of 25% on first anniversary of grant date and 12.5% each six month period thereafter.
( 4 )Open market sale of 15,000 shares at an average price of $5.5544: 2,673 shares at $5.5000; 1,400 shares at $5.5050; 1,638 shares at $5.5100; 300 shares at $5.5150; 1,962 shares at $5.5200; 1,500 shares at $5.5300; 100 shares at $5.5400; 300 shares at $5.5600; 400 shares at $5.5700; 100 shares at $5.5800; 800 shares at $5.600; 700 shares at $5.6100; 504 shares at $5.6200; 300 shares at $5.6250; 710 shares at $5.6300; 224 shares at $5.6400; 76 shares at $5.6500; 100 shares at $5.6550; 113 shares at $5.6800 and 1,100 shares at $5.7000 pursuant to a 10b5-1 plan.

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 4(b)(v).
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