SEC Form 4
FORM 4 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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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
1. Name and Address of Reporting Person*
Gottesman Noam
(Last) (First) (Middle)
C/O GLG PARTNERS, INC.
390 PARK AVENUE, 20TH FLOOR
(Street)
NEW YORK NY 10022
(City) (State) (Zip)
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 X 10% Owner
X Officer (give title below) Other (specify below)
Chairman & Co-CEO
3. Date of Earliest Transaction (Month/Day/Year)
11/02/2007
4. If Amendment, Date of Original Filed (Month/Day/Year)
6. Individual or Joint/Group Filing (Check Applicable Line)
X Form filed by One Reporting Person
Form filed by More than One Reporting Person
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1. Title of Security (Instr. 3) 2. Transaction Date (Month/Day/Year) 2A. Deemed Execution Date, if any (Month/Day/Year) 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 ( 1 ) 398,300 ( 1 ) I by GLG Partners LP, as investment manager ( 2 )
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 (Month/Day/Year) 3A. Deemed Execution Date, if any (Month/Day/Year) 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 (Month/Day/Year) 7. Title and Amount of Securities Underlying Derivative Security (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: 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
FA Sub 2 Limited Exchangeable Class B Ordinary Shares ( 3 ) 11/02/2007 A 4,623 ( 3 ) ( 3 ) Common Stock 4,623 ( 4 ) 4,623 D
Series A Voting Preferred Stock ( 3 ) ( 4 ) 11/02/2007 A 4,623 ( 3 ) ( 3 ) Common Stock 4,623 ( 4 ) 4,623 D
FA Sub 2 Limited Exchangeable Class B Ordinary Shares ( 3 ) 11/02/2007 A 58,900,370 ( 3 ) ( 3 ) Common Stock 58,900,370 ( 4 ) 58,900,370 I Held by the trustee of the Gottesman GLG Trust ( 5 )
Series A Voting Preferred Stock ( 3 ) ( 4 ) 11/02/2007 A 58,900,370 ( 3 ) ( 3 ) Common Stock 58,900,370 ( 4 ) 58,900,370 I Held by the trustee of the Gottesman GLG Trust ( 5 )
Warrant (right to buy) ( 1 ) $7.5 ( 6 ) 12/28/2011 Common Stock 398,300 398,300 I by GLG Partners LP, as investment manager ( 2 )
Explanation of Responses:
1. Mr. Gottesman disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Gottesman is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
2. These securities are held by certain investment funds managed by GLG Partners LP, as investment manager. GLG Partners Limited is the general partner of GLG Partners LP, and Mr. Gottesman, Emmanuel Roman and Pierre Lagrange are Managing Directors of GLG Partners Limited with power to exercise investment over the securities owned by the investment funds and as a result, may be deemed to be the beneficial owner of these securities. As discussed above in footnote (1), Mr. Gottesman disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
3. The FA Sub2 Exchangeable Shares are exchangeable at any time at the election of the holder for one share of common stock of GLG Partners, Inc. For each Exchangeable Share that is exchanged for common stock of GLG Partners, Inc., a corresponding share of Series A Preferred Stock will automatically be redeemed for its par value of $0.0001 per share.
4. Received as part of the consideration paid for the acquisition by GLG Partners, Inc. (formerly named Freedom Acquisition Holdings, Inc.) of equity interests in GLG Partners LP and its affiliated entities. The remainder of the purchase price was paid in cash.
5. Shares held by the trustee of the Gottesman GLG Trust. Noam Gottesman beneficially owns these shares as a beneficiary of the Gottesman GLG Trust.
6. Each warrant is exercisable for one share of common stock at any time commencing on or after December 21, 2007, provided in each case, that there is an effective registration statement in effect at such time covering the shares of common stock underlying the warrants.
/s/ Alejandro R. San Miguel, as attorney-in-fact 11/06/2007
** Signature of Reporting Person Date
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).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
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