SEC FORM 3

SEC Form 3

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
or Section 30(h) of the Investment Company Act of 1940

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1. Name and Address of Reporting Person^*

WRIGHT TERRANCE L

(Last)

(First)

(Middle)

8363 W. SUNSET ROAD, SUITE 350

(Street)

LAS VEGAS

89113

(City)

(State)

(Zip)

2. Date of Event Requiring Statement (Month/Day/Year)
10/28/2010

3. Issuer Name and Ticker or Trading Symbol
WESTERN LIBERTY BANCORP [ WLBC ]

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

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

5. 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 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, par value $0.0001 per share	57,117	D

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: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
1. Title of Derivative Security (Instr. 4)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
Warrants⁽¹⁾	⁽³⁾	01/17/2012	Common Stock, par value $0.0001 per share	3,046	$21.01	D
Options⁽²⁾	⁽⁴⁾	04/17/2013	Common Stock, par value $0.0001 per share	2,522	$21.01	D
Options⁽²⁾	⁽⁵⁾	08/11/2013	Common Stock, par value $0.0001 per share	1,808	$21.01	D

Explanation of Responses:

1. Warrants previously issued to Reporting Person in connection with his service as a director of Service1st Bank of Nevada ("Service1st") prior to Western Liberty Bancorp's ("WLBC") acquisition of Service1st (the "Acquisition") and were converted upon consummation of the Acquisition into warrants of similar tenor to purchase shares of WLBC common stock.

2. Options previously issued to Reporting Person in connection with his service as a director of Service1st prior to WLBC's Acquisition of Service1st and were converted upon consummation of the Acquisition into options of similar tenor to purchase shares of WLBC common stock.

3. Represents fully vested and exercisable warrants.

4. Represents 1,682 fully vested and exercisable options and 840 options that will vest on April 17, 2011.

5. Represents 1,206 fully vested and exercisable options and 602 options that will vest on August 11, 2011.

Remarks:

Exhibit - Exhibit 24 - Power of Attorney

	/s/ George A. Rosenbaum, Jr., Attorney-in-fact	11/08/2010
	** 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 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).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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 Number.