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* STT CROSSING LTD (Last) (First) (Middle) ROGERS HOUSE, 5, PRESIDENT JOHN KENNEDY STREET, (Street) PORT LOUIS O4 04 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol GLOBAL CROSSING LTD [ GLBC ]	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) 04/13/2011
	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 Shares	04/13/2011		X		7,000	D	$10.16	29,344,431	D(1)
Common Shares	04/14/2011		X		2,000	D	$10.16	29,342,431	D(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
Options (Obligations to sell)	$10.16	04/13/2011		X		7,000(2)		(3)	01/12/2014	Common Shares	7,000	$10.16	610,500	D(1)
Options (Obligations to sell)	$10.16	04/14/2011		X		2,000(2)		(3)	01/12/2014	Common Shares	2,000	$10.16	608,500	D(1)

1. Name and Address of Reporting Person* STT CROSSING LTD (Last) (First) (Middle) ROGERS HOUSE, 5, PRESIDENT JOHN KENNEDY STREET, (Street) PORT LOUIS O4 04 (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* TEMASEK HOLDINGS (PRIVATE) LTD (Last) (First) (Middle) 60B ORCHARD ROAD, #06-18 TOWER 2, THE ATRIUM@ORCHARD (Street) SINGAPORE U0 238891 (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* SINGAPORE TECHNOLOGIES TELEMEDIA PTE LTD (Last) (First) (Middle) 51 CUPPAGE ROAD #09-01 STARHUB CENTRE (Street) SINGAPORE U0 229469 (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* STT COMMUNICATIONS LTD (Last) (First) (Middle) 51 CUPPAGE ROAD #09-01 STARHUB CENTRE (Street) SINGAPORE U0 229469 (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. Temasek Holdings (Private) Limited ("Temasek") is the parent of Singapore Technologies Telemedia Pte Ltd, which is the direct parent of STT Communications Ltd ("STTC"), which is the parent of STT Crossing Ltd ("STT Crossing"), the designated filer. Because of the foregoing relationships, the direct and indirect parents of STT Crossing may be deemed to indirectly own the reported securities directly owned by STT Crossing. Temasek disclaims beneficial ownership of such securities except to the extent of its pecuniary interest therein.

2. Represents vested employee stock options granted by STTC pursuant to a share option plan to purchase Common Shares of Global Crossing Limited.

3. The employee stock options described herein vested in three tranches on January 12, 2005, January 12, 2006 and January 12, 2007.

Remarks:

	Pek Siok Lan, Director, STT Crossing Ltd	04/18/2011
	Authorised Signatory, Chia Yue Joo, Managing Director, Legal & Regulations, Temasek International Pte. Ltd.	04/18/2011
	Pek Siok Lan, Company Secretary, Singapore Technologies Telemedia Pte Ltd	04/18/2011
	Pek Siok Lan, Company Secretary, STT Communications Ltd	04/18/2011
	** Signature of Reporting Person	Date
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