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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No. 9)
(Name of Issuer)
Common Stock, par value $0.0001 per share
(Title of Class of Securities)
(CUSIP Number)
Emmanuel Roman
c/o GLG Partners, Inc.
399 Park Avenue, 38th Floor
New York, NY 10022
Attention: Alejandro San Miguel, Esq.
General Counsel and Corporate Secretary
(212) 224-7200
with a copy to:
Chadbourne & Parke LLP
30 Rockefeller Plaza
New York, NY 10112
Attention: Sey-Hyo Lee, Esq.
(212) 408-5100
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of Sections 240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. o
The information required on the remainder of this cover page shall not be deemed to be filed for the purpose of Section 18 of the Securities Exchange Act of 1934 (the Act) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act.
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CUSIP No. |
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37929X 107 |
SCHEDULE 13D |
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Emmanuel Roman |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a) o |
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(b) o |
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SEC USE ONLY |
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SOURCE OF FUNDS |
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OO |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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o |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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France
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SOLE VOTING POWER |
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NUMBER OF |
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SHARES |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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-0- |
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EACH |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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-0- |
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WITH |
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SHARED DISPOSITIVE POWER |
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-0- |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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-0- |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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0% |
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TYPE OF REPORTING PERSON |
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IN |
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CUSIP No. |
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37929X 107 |
SCHEDULE 13D |
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Roman GLG Trust |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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(a) o |
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SEC USE ONLY |
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SOURCE OF FUNDS |
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OO |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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Jersey, Channel Islands
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SOLE VOTING POWER |
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NUMBER OF |
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SHARES |
8 |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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-0- |
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EACH |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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WITH |
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SHARED DISPOSITIVE POWER |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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-0- |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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0% |
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TYPE OF REPORTING PERSON |
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OO |
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CUSIP No. |
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37929X 107 |
SCHEDULE 13D |
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Jeffrey A. Robins |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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SEC USE ONLY |
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SOURCE OF FUNDS |
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OO |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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United States of America
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SOLE VOTING POWER |
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NUMBER OF |
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SHARES |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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SOLE DISPOSITIVE POWER |
REPORTING |
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SHARED DISPOSITIVE POWER |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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0% |
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TYPE OF REPORTING PERSON |
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IN |
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CUSIP No. |
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37929X 107 |
SCHEDULE 13D |
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NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NOS. OF ABOVE PERSONS Jackson Holding Services Inc. |
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CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*
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SEC USE ONLY |
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SOURCE OF FUNDS |
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OO |
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CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e) |
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CITIZENSHIP OR PLACE OF ORGANIZATION |
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British Virgin Islands
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SOLE VOTING POWER |
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NUMBER OF |
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SHARES |
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SHARED VOTING POWER |
BENEFICIALLY |
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OWNED BY |
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EACH |
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SOLE DISPOSITIVE POWER |
REPORTING |
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PERSON |
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WITH |
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SHARED DISPOSITIVE POWER |
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AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON |
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CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES |
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PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11) |
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0% |
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TYPE OF REPORTING PERSON |
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CUSIP No. |
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37929X 107 |
SCHEDULE 13D |
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Item 1. Security and Issuer.
This Amendment No. 9 (Amendment No. 9) to the Schedule 13D dated November 13, 2007, as
amended to date (the Schedule 13D), jointly filed by Emmanuel Roman, the Roman GLG Trust, Jeffrey
A. Robins, in his capacity as trustee of the Roman GLG Trust (the Roman Trustee) and Jackson
Holding Services Inc. (each a Reporting Person), relates to (1) shares of common stock, par value
$.0001 per share (the Common Stock), of GLG Partners, Inc. (the Company), (2) shares of Series
A voting preferred stock, par value $0.0001 per share, of the Company (Series A Preferred Stock),
(3) Exchangeable Class B ordinary shares of FA Sub 2 Limited, a British Virgin Islands company and
subsidiary of the Company (Exchangeable Shares) and (4) the Companys 5.00% dollar-denominated
convertible subordinated notes due May 15, 2014 (the Notes), which were previously exchangeable
for or convertible into shares of Common Stock. The Series A Preferred Stock and the Exchangeable
Shares are referred to collectively as the Exchangeable Securities.
This Amendment No. 9 is being filed in connection with the consummation of the transactions
contemplated by each of the Merger Agreement and Share Exchange Agreement (each as described
below), and to update Items 4 and 5 below.
Unless otherwise defined in this Amendment No. 9, capitalized terms have the meanings set
forth in the Schedule 13D.
The Companys principal executive office is located at 399 Park Avenue, 38th Floor, New York,
New York 10022.
Item 4. Purpose of Transaction.
Item 4 is amended to include the following information:
On October 14, 2010, the acquisition of the Company by Man Group plc (Man) was completed
through two concurrent transactions: a cash merger under an Agreement and Plan of Merger dated as
of May 17, 2010, as amended (the Merger Agreement), among Man, Escalator Sub 1 Inc. (Merger
Sub) and the Company; and a share exchange under a Share Exchange Agreement dated as of May 17,
2010 (the Share Exchange Agreement) among Man and Noam Gottesman, Pierre Lagrange and Emmanuel
Roman, together with their related trusts and affiliated entities, two limited partnerships that
held shares for the benefit of key personnel who are participants in
the Companys equity participation
plans and the permitted transferees of such limited partnerships. Pursuant to the Merger
Agreement, on October 14, 2010, Merger Sub merged with and into the Company, with the Company
continuing as the surviving corporation and a wholly owned subsidiary
of Man (the Merger).
Pursuant to the Share Exchange Agreement, the Selling Stockholders exchanged their shares of
Common Stock (subject to certain exceptions and after exchanging the Exchangeable Securities for
shares of Common Stock) for ordinary shares of Man at an exchange ratio of 1.0856 ordinary shares
of Man per share of Common Stock.
Pursuant to the Merger Agreement,
at the effective time of the Merger, each issued and outstanding share
of Common Stock (other than the following, all of which were
cancelled: (i) shares owned by the Company as treasury stock or owned by Man, Merger Sub or certain
subsidiaries of the Company,
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SCHEDULE 13D |
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(ii) shares
held by dissenting stockholders (of which there were none), (iii) restricted shares issued under the Companys stock and
incentive plans, and (iv) awards under the Companys stock and incentive plans representing a right
to receive shares of Common Stock) by virtue of the Merger and without any action on the part of
the holder of any shares of Common Stock, was converted into the right to receive $4.50 in cash,
without interest (the Merger Consideration).
Pursuant
to the terms of the Companys warrant tender offer which expired on October 14, 2010, as
described in the Companys Tender Offer Statement on Schedule TO, as amended, filed with the Securities and
Exchange Commission on September 24, 2010 (the Warrant Tender Offer), GLG Partners LP, as
investment manager of the investment funds and managed accounts which held 90,200 warrants,
tendered all 90,200 warrants in exchange for $0.129 per warrant, in cash, without interest. GLG
Partners Limited is the general partner of GLG Partners LP. Mr. Roman is a managing director of
GLG Partners Limited and may have been deemed to have beneficial ownership of these shares. Mr.
Roman disclaimed beneficial ownership of these shares.
Consummation of the Merger constitutes a Change of Control and a Designated Event under the
Indenture. Following the Merger, holders of the Notes have the right to (1) convert their Notes in
whole or in part pursuant to Section 13.01(a) of the Indenture at the applicable conversion rate or
(2) require the Company to repurchase their Notes in whole or in part at a price equal to the
principal amount of the Notes to be repurchased, plus accrued and unpaid interest thereon.
The conversion rate in effect for the Notes prior to the Merger was 268.8172 shares of Common
Stock per $1,000 principal amount of the Notes. Effective at the effective time of the Merger, the
Notes are no longer convertible into shares of Common Stock, but instead are convertible into cash
based on the Merger Consideration and upon conversion the holders of the Notes are entitled to the
make-whole premium as described in Section 13.10 of the Indenture until November 16, 2010. Each
$1,000 principal amount of the Notes became convertible into $1,301.42 in cash, which is equal to
the conversion rate of 268.8172 shares of Common Stock per $1,000 principal amount of the Notes,
plus the make-whole premium, which is 20.3869 additional shares of Common Stock, multiplied by the
Merger Consideration of $4.50 per share. Following such adjustments to the conversion rights, the
Reporting Persons hold $5 million aggregate principal amount of the Notes.
Following such exchange, conversion, Warrant Tender Offer and adjustment to conversion rights
of Notes, none of the Reporting Persons holds any equity securities of the Company.
Item 5. Interest in Securities of the Issuer.
Item 5 is amended to include the following information:
(a) |
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See Items 11 and 13 of each cover page to this Amendment No. 9 |
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See Items 7 through 10 of each cover page to this Amendment No. 9 |
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Section C of Item 5 is hereby supplemented as follows: |
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CUSIP No. |
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37929X 107 |
SCHEDULE 13D |
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As a result of the consummation of the transactions contemplated by the Merger Agreement, the
Share Exchange Agreement and the Warrant Tender Offer, the Reporting Persons disposed of the
following equity securities of the Company on October 14, 2010:
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Amount |
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Consideration |
Emmanuel Roman
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1,466 shares of
Common Stock
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Exchanged for 1,591
ordinary shares of
Man at the exchange
ratio of 1.0856 Man
shares per share of
Common Stock |
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Emmanuel Roman
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348,696 shares of
Common Stock
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Exchanged for $4.50
per share in cash,
without interest |
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Emmanuel Roman 1
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90,200 shares of
Common Stock
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Exchanged for $4.50
per share in cash,
without interest |
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Emmanuel Roman 1
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90,200 warrants
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Tendered in
exchange for $0.129
per warrant, in
cash, without
interest |
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Roman GLG Trust (through
Jackson Holding Services
Inc.)
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17,988,050 shares
of Common Stock
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Exchanged for
19,527,827 ordinary
shares of Man at
the exchange ratio
of 1.0856 Man
shares per share of
Common Stock |
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Roman GLG Trust (through
Jackson Holding Services
Inc.)
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$5,000,000
aggregate principal
amount of the Notes
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Conversion rights
adjusted from
shares of Common
Stock at an initial
conversion rate of
268.8172 shares of
Common Stock per
$1,000 principal
amount of the
Notes, subject to
certain
adjustments, into
cash equal to $4.50
times the number of
shares of Common
Stock into which
the Notes were
convertible
immediately prior
to the Merger,
subject to certain
adjustments |
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The 90,200 shares and 90,200 warrants were
held by certain investment funds managed by GLG Partners LP, of which GLG
Partners Limited is the general partner. Mr. Roman is a managing director of
GLG Partners Limited and may have been deemed to have beneficial ownership of
these shares. Mr. Roman disclaimed beneficial ownership of these shares. |
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CUSIP No. |
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37929X 107 |
SCHEDULE 13D |
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Section E of Item 5 is hereby amended as follows:
As of October 14, 2010, the Reporting Persons ceased to be the beneficial owners of more than
5% of the equity securities of the Company.
Item 6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
On October 14, 2010, the Voting Agreement was terminated in accordance with Section 9.7(ii) of
the Voting Agreement as a result of the aggregate number of outstanding shares of Voting Stock
owned by the Reporting Persons and the other Voting Agreement Parties ceasing to constitute at
least 10% of the voting power of the outstanding shares of capital stock of the Company.
On October 14, 2010, the Voting and Support Agreement was terminated as of the effective time
of the Merger in accordance with Section 4 of the Voting and Support Agreement.
On October 14, 2010, the Agreement Among Principals and Trustees was amended and terminated
effective immediately prior to the share exchange under the Share Exchange Agreement and the
GLG Shareholders Agreement was amended and terminated effective as of the effective time of
the Merger.
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CUSIP No. |
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37929X 107 |
SCHEDULE 13D |
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SIGNATURE
After reasonable inquiry and to the best of their knowledge and belief, the undersigned hereby
certify that the information set forth in this statement is true, complete and correct.
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Dated: October 19, 2010 |
/s/ Alejandro San Miguel
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Alejandro San Miguel |
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Attorney-in-fact for Emmanuel Roman |
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/s/ Jeffrey A. Robins
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Jeffrey A. Robins, |
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in his capacity as trustee of
the Roman GLG Trust |
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/s/ Jeffrey A. Robins
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Jeffrey A. Robins |
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Jackson Holding Services Inc.
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By: |
/s/ Jeffrey A. Robins
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Name: |
Jeffrey A. Robins |
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Title: |
President and Secretary |
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