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	OMB APPROVAL OMB Number: 3235-0287 Expires: February 28, 2011 Estimated average burden hours per response 0.5
	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* GALLOWAY SCOTT (Last) (First) (Middle) C/O BRAND FARM 42 W 15TH STREET # 2 (Street) NEW YORK NY 10011 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol REDENVELOPE INC [ REDE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 12/23/2005
	4. If Amendment, Date of Original Filed (Month/Day/Year)	6. Individual or Joint/Group Filing (Check Applicable Line) Form filed by One Reporting Person X 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	12/23/2005		P		37,500	A	$10.49	1,162,412	I	See Footnote ( 1 )
Common Stock	12/27/2005		P		2,500	A	$10.44	1,164,912	I	See Footnote ( 1 )
Common Stock								231,878 ( 2 )	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 (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

1. Name and Address of Reporting Person* GALLOWAY SCOTT (Last) (First) (Middle) C/O BRAND FARM 42 W 15TH STREET # 2 (Street) NEW YORK NY 10011 (City) (State) (Zip)

1. Name and Address of Reporting Person* Firebrand Partners LLC (Last) (First) (Middle) 100 SOUTHPOINT, NO. 601 (Street) MIAMI FL 33139 (City) (State) (Zip)

1. Name and Address of Reporting Person* KREVLIN GLENN J (Last) (First) (Middle) 598 MADISON AVENUE 12TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip)

1. Name and Address of Reporting Person* GLENHILL CAPITAL MANAGEMENT LLC (Last) (First) (Middle) 598 MADISON AVE 12TH FL (Street) NEW YORK NY 10022 (City) (State) (Zip)

1. Name and Address of Reporting Person* GLENHILL ADVISORS LLC (Last) (First) (Middle) 598 MADISON AVE 12TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip)

1. Name and Address of Reporting Person* GLENHILL CAPITAL LP (Last) (First) (Middle) 598 MADISON AVENUE 12TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip)

1. Name and Address of Reporting Person* Glenhill Capital Overseas GP, Ltd. (Last) (First) (Middle) 598 MADISON AVE 12TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip)

1. Name and Address of Reporting Person* Glenhill Capital Overseas Master Fund, L.P. (Last) (First) (Middle) 598 MADISON AVE 12TH FLOOR (Street) NEW YORK NY 10022 (City) (State) (Zip)

Explanation of Responses:

1. Represents shares acquired and held by Firebrand Partners, LLC. The other reporting persons on this Form 4 may be deemed to own indirectly the shares acquired and held by Firebrand Partners, LLC.

2. Represents shares held solely by Mr. Galloway.

	Scott Galloway	12/27/2005
	Scott Galloway, Manager	12/27/2005
	Glenn J. Krevlin	12/27/2005
	Glenn J. Krevlin, Managing Member of GJK Capital Management LLC	12/27/2005
	Glenn J. Krevlin, Managing Member of Krevlin Advisors LLC	12/27/2005
	Glenn J. Krevlin, on behalf of Glenhill Capital LP	12/27/2005
	Glenn J. Krevlin, Director	12/27/2005
	Glenn J. Krevlin, on behalf of Glenhill Capital Overseas Master Fund LP	12/27/2005
	** 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).
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