Edgar Filing: GLG Partners, Inc.

Ownership Submission

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

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:

3235-0104

Expires:

January 31, 2005

Estimated average burden hours per response...

0.5

(Print or Type Responses)

1. Name and Address of Reporting Person ^*

Â LEHMAN BROTHERS HOLDINGS INC

2. Date of Event Requiring Statement (Month/Day/Year)
11/02/2007

3. Issuer Name and Ticker or Trading Symbol
GLG Partners, Inc. [GLG]

(Last)

(First)

(Middle)

745 SEVENTH AVENUE

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

_____ Director	__X__ 10% Owner
_____ Officer (give title below)	_____ Other (specify below)

5. If Amendment, Date Original Filed(Month/Day/Year)

(Street)

NEW YORK,Â NYÂ 10019

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 Beneficially Owned

1.Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	33,663,840 ⁽¹⁾	I	See Footnote ⁽²⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
	Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number.

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares
Warrants (right to buy Common Stock) ⁽³⁾	Â ⁽⁴⁾	12/28/2011	Common Stock	3,150	$ 7.5	I	By Lehman Brothers Inc.

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
LEHMAN BROTHERS HOLDINGS INC 745 SEVENTH AVENUE NEW YORK,Â NYÂ 10019	Â	Â X	Â	Â

Signatures

/s/ Barrett S. DiPaolo		11/12/2007
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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).
(1)	3,150 of the reported shares of common stock are included within 3,150 units purchased by Lehman Brothers Inc., a direct wholly-owned subsidiary of the Reporting Person. Each unit consists of one share of common stock and one warrant to purchase one share of common stock.
(2)	By direct wholly-owned subsidiaries of the Reporting Person: 33,659,998 shares held by Lehman (Cayman Islands) Ltd., and 3,842 shares held by Lehman Brothers Inc.
(3)	The warrants are included within 3,150 units purchased by Lehman Brothers Inc., a direct wholly-owned subsidiary of the Reporting Person. Each unit consists of one share of common stock and one warrant to purchase one share of common stock.
(4)	The warrants will become exercisable on the later of (i) the consummation of a business combination with one or more target businesses or (ii) December 21, 2007, provided that in each case there is an effective registration statement covering the shares of common stock underlying the warrants.
Â Remarks: JointÂ FilerÂ InformationÂ TitleÂ ofÂ DerivativeÂ Securities:Â CommonÂ StockÂ IssuerÂ &Â Â TickerÂ Symbol:Â GLGÂ Partners,Â Inc.,Â (GLG)Â DesignatedÂ Filer:Â LehmanÂ BrothersÂ HoldingsÂ Inc.Â 745Â SeventhÂ AvenueÂ NewÂ York,Â NYÂ 10019Â OtherÂ JointÂ FilerÂ Information:Â LehmanÂ (CaymanÂ Isla

Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, See Instruction 6 for procedure.

Potential persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB number.