| 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 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*
(Street)
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2. Issuer Name and Ticker or Trading Symbol
Stream Global Services, Inc. [ OOO ] |
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
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3. Date of Earliest Transaction
(Month/Day/Year) 09/09/2008 | ||||||||||||||||||||||||||
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4. If Amendment, Date of Original Filed
(Month/Day/Year) |
6. Individual or Joint/Group Filing (Check Applicable Line)
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| Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned | ||||||||||
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| 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 | 09/09/2008 | S | 1,660,441(1)(2) | D | $0 | 16,559 | I | See Footnote(3) | ||
| Common Stock | 09/09/2008 | S | 16,000(1) | D | $0 | 559 | I | See Footnote(3) | ||
| Common Stock | 09/11/2008 | S | 559(1) | D | $0 | 0 | I | See Footnote(3) | ||
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Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities) | |||||||||||||||
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| 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*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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1. Name and Address of Reporting Person*
(Street)
Relationship of Reporting Person(s) to Issuer
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| Explanation of Responses: |
| 1. The filing of this Form 4 shall not be construed as an admission that Aldebaran Investments LLC, Mark D. Klein, Bradford R. Peck, Adam Scheer and Jeffrey Radov (the "Reporting Persons") is or was for the purposes of Section 16(a) of the Securities Exchange Act of 1934, as amended, or otherwise the beneficial owner of any of the shares of common stock, $.0001 par value per share (the "Common Stock"), of Stream Global Services, Inc. (the "Issuer") owned by a certain managed account for which Aldebaran Investments LLC is the Investment Manager (the "Managed Account"). Pursuant to Rule 16a-1, the Reporting Persons disclaim such beneficial ownership. |
| 2. On September 9, 2008, the Reporting Persons delivered 1,677,000 shares of the Issuer's common stock to the Issuer in connection with the Issuer's offer to purchase up to 20,757,046 shares of Issuer's common stock. Based on the final results of the tender offer as disclosed in Amendment No.3 to Schedule TO filed by the Issuer on September 9, 2008, a least 99.01% of the shares tendered by the Reporting Persons were accepted by the Issuer, calculated by dividing the number of shares accepted for purchase by the number of shares properly tendered and not withdrawn. As a result of the foregoing, the Reporting Persons disposed of at least 1,660,441 shares of the Issuer's common stock on September 9, 2008. |
| 3. Aldebaran Investments LLC holds indirectly the Common Stock through the account of the Managed Account; Mark D. Klein, Bradford R. Peck, Adam Scheer and Jeffrey Radov, principals of Aldebaran Investments LLC, at the time of purchase, controlled the disposition and voting of the Common Stock. Aldebaran Investments LLC receives a performance-based fee from the account of the managed account for which it is the Investment Manager. |
| /s/ Adam Scheer, Principal of Aldebaran Investments, LLC | 09/17/2008 | |
| /s/ Mark D. Klein | 09/17/2008 | |
| /s/ Bradford R. Peck | 09/17/2008 | |
| /s/ Adam Scheer | 09/17/2008 | |
| /s/ Jeffrey Radov | 09/17/2008 | |
| ** 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). | ||
| 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. | ||