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 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 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* Victory Park Capital Advisors, LLC (Last) (First) (Middle) 227 W. MONROE STREET SUITE 3900 (Street) CHICAGO IL 60606 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol Global Employment Holdings, Inc. [ GEYH ]	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) 09/30/2009
	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	09/30/2009		X		99,000	A	$0	1,874,527	I(1)	See footnote(1)
Common Stock	09/30/2009		X		9,556,905	A	$0.001	11,431,432	I	See footnote(1)

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
Warrant	$0	09/30/2009		X			1	07/31/2009(2)	03/31/2013	Common Stock	99,000	$0	0	I	See footnote(1)
Warrant	$0.001	09/30/2009		X			1	08/14/2009	08/13/2014	Common Stock	9,556,905	$0	1(3)	I	See footnote(1)
Senior Secured Convertible Notes	$4.4	09/30/2009		D(4)			19,947	03/13/2009(5)	03/31/2011	Common Stock	4,533,348	$0.00(4)	0	I	See footnote(1)
Series B Convertible Preferred Stock	$0.001	09/30/2009		A(4)		177,716		09/30/2009	(6)	Common Stock	177,716,090	$0.00(4)	177,716	I	See footnote(1)
Series A Convertible Preferred Stock	$4.07	10/02/2009		P		900		10/02/2009(5)	03/31/2013	Common Stock	283,064	$150	10,917	I	See footnote(1)

1. Name and Address of Reporting Person* Victory Park Capital Advisors, LLC (Last) (First) (Middle) 227 W. MONROE STREET SUITE 3900 (Street) CHICAGO IL 60606 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Victory Park Master Fund, Ltd. (Last) (First) (Middle) C/O WALKERS SPV LIMITED, WALKER HOUSE 87 MARY STREET (Street) GEORGE TOWN, GRAND CAYMAN E9 KY1 9002 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Jacob Capital, L.L.C. (Last) (First) (Middle) 227 WEST MONROE STREET SUITE 3900 (Street) CHICAGO IL 60606 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Levy Richard N (Last) (First) (Middle) 227 WEST MONROE STREET SUITE 3900 (Street) CHICAGO IL 60606 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

1. All of the reported securities are owned directly by Victory Park Credit Opportunities Master Fund, Ltd. (the "Fund") and indirectly by (i) Victory Park Capital Advisors, LLC as the investment manager for the Fund, (ii) Jacob Capital, L.L.C., as the manager of Victory Park Capital Advisors, LLC and (iii) Richard Levy, as the sole member of Jacob Capital, L.L.C. Victory Park Capital Advisors, LLC, Jacob Capital, L.L.C. and Richard Levy disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein.

2. Acquired on this date by the reporting person, but first exercisable under its terms on March 31, 2006.

3. Following the partial exercise of this warrant described herein, this warrant remains exercisable for 7.41 percent of the Issuer's fully diluted common stock.

4. Pursuant to a transaction exempt under both Rule 16b-3 and Rule 16b-7, sixty percent of the principal amount of each holder's Senior Secured Convertible Notes was reclassified into shares of Series B Convertible Preferred Stock at a ratio of approximately 1/67 share for $1.00 principal amount of Senior Secured Convertible Notes and the remaining forty percent was reclassified into Senior Secured Notes having no conversion feature.

5. Acquired on this date by the reporting person, but first convertible under its terms on March 31, 2006.

6. The Series B preferred stock has no expiration date.

	/s/ Richard Levy, Victory Park Credit Opportunities Master Fund, Ltd., Attorney-in-fact	10/09/2009
	/s/ Richard Levy, Jacob Capital, L.L.C., Sole Member	10/09/2009
	/s/ Richard Levy, Victory Park Capital Advisors, LLC, Jacob Capital, L.L.C., Manager, Sole Member	10/09/2009
	/s/ Richard Levy	10/09/2009
	** Signature of Reporting Person	Date
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