Sec Form 4 Filing - Lauder William P @ GLG Partners, Inc. - 2010-10-14

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 Lauder William P 2. Issuer Name and Ticker or Trading Symbol GLG Partners, Inc. [ GLG] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable) X __ Director _____ 10% Owner _____ Officer (give title below) _____ Other (specify below) (Last) (First) (Middle) C/O GLG PARTNERS, INC., 399 PARK AVE., 38TH FLOOR 3. Date of Earliest Transaction (MM/DD/YY) 10/14/2010 (Street) NEW YORK, NY10022 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 (Restricted) 10/14/2010 D( 1 ) 40,717 D $ 4.5 0 D Common Stock 10/14/2010 D( 2 ) 95,215 D $ 4.5 0 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 Warrant (right to buy) ( 3 ) ( 4 ) $ 7.5 10/14/2010 J( 5 ) 51,201 ( 4 ) 12/28/2011 Common Stock 51,201 $ 0.129 0 D

Reporting Owners Reporting Owner Name / Address Relationships Director 10% Owner Officer Other Lauder William P C/O GLG PARTNERS, INC. 399 PARK AVE., 38TH FLOOR NEW YORK, NY10022 X Signatures /s/ Alejandro San Miguel, as attorney-in-fact 10/18/2010 Signature of Reporting Person Date

Explanation of Responses:

( 1 )These shares of restricted common stock of GLG Partners, Inc. ("GLG") awarded to Mr. Lauder under GLG's 2009 Long-Term Incentive Plan were cancelled pursuant to the Agreement and Plan of Merger dated as of May 17, 2010, as amended (the "Merger Agreement"), among Man Group plc ("Man"), Escalator Sub 1 Inc. (a wholly owned subsidiary of Man) and GLG, with GLG as the surviving corporation and a wholly owned subsidiary of Man (the "Merger"), in exchange for the right to receive $4.50 per share in cash, without interest, the vesting of which was accelerated to the effective time of the Merger. ( 2 )Pursuant to the Merger Agreement, these shares were cancelled in exchange for the right to receive $4.50 per share in cash, without interest. ( 3 )These securities were part of units, consisting of one share of common stock of GLG and one warrant. ( 4 )Each warrant was exercisable at any time commencing on or after December 21, 2007 if and when the last sales price of GLG's common stock exceeded $14.25 per share for any 20 trading days within a 30-day-trading period, provided that there was an effective registration statement in effect at such time covering the shares of common stock underlying the warrants. ( 5 )Pursuant to the terms of GLG's warrant tender offer which expired on October 14, 2010, as described in GLG's Tender Offer Statement on Schedule TO, as amended, filed with the Securities and Exchange Commission on September 24, 2010, Mr. Lauder tendered all 51,201 warrants in exchange for $0.129 per warrant, in cash, without interest.

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