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
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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*
Roman Emmanuel
(Last) (First) (Middle)
C/O GLG PARTNERS, INC.
399 PARK AVENUE, 38TH FLOOR
(Street)
NEW YORK NY 10022
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
GLG Partners, Inc. [ GLG ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X Director X 10% Owner
X Officer (give title below) Other (specify below)
Co-Chief Executive Officer
3. Date of Earliest Transaction (Month/Day/Year)
02/24/2009
4. 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 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 02/24/2009 P 2,046 A $2.15 216,834 D
Common Stock 02/24/2009 P 5,422 A $2.17 222,256 D
Common Stock 02/24/2009 P 352 A $2.18 222,608 D
Common Stock 02/24/2009 P 800 A $2.19 223,408 D
Common Stock 02/24/2009 P 5,900 A $2.2 229,308 D
Common Stock 02/24/2009 P 900 A $2.22 230,208 D
Common Stock 02/24/2009 P 1,200 A $2.23 231,408 D
Common Stock 02/24/2009 P 1,500 A $2.25 232,908 D
Common Stock 02/24/2009 P 300 A $2.255 233,208 D
Common Stock 02/24/2009 P 300 A $2.2575 233,508 D
Common Stock 02/24/2009 P 30,200 A $2.26 263,708 D
Common Stock 02/24/2009 P 900 A $2.265 264,608 D
Common Stock 02/24/2009 P 400 A $2.2675 265,008 D
Common Stock 02/24/2009 P 11,300 A $2.27 276,308 D
Common Stock 02/24/2009 P 600 A $2.275 276,908 D
Common Stock 02/24/2009 P 400 A $2.2775 277,308 D
Common Stock 02/24/2009 P 5,600 A $2.28 282,908 D
Common Stock 02/24/2009 P 2,800 A $2.285 285,708 D
Common Stock 02/24/2009 P 400 A $2.2875 286,108 D
Common Stock 02/24/2009 P 18,800 A $2.29 304,908 D
Common Stock 02/24/2009 P 400 A $2.295 305,308 D
Common Stock 02/24/2009 P 1,000 A $2.3 306,308 D
Common Stock 02/25/2009 P 2,700 A $2.23 309,008 D
Common Stock 02/25/2009 P 1,600 A $2.24 310,608 D
Common Stock 02/25/2009 P 17,500 A $2.25 328,108 D
Common Stock 18,698,529 I by the trustee of the Roman GLG Trust(1)
Common Stock 398,300(2) I by GLG Partners LP, as investment manager(3)
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 (right to buy)(4) $7.5 (4) 12/28/2011 Common Stock 398,300 398,300(2) I by GLG Partners LP, as manager(3)
Explanation of Responses:
1. Shares held by the trustee of the Roman GLG Trust. Mr. Roman has a pecuniary interest in these shares as a beneficiary of the Roman GLG Trust.
2. Mr. Roman disclaims beneficial ownership of these securities, except to the extent of his pecuniary interest therein, and this report shall not be deemed an admission that Mr. Roman is the beneficial owner of the securities for purposes of Section 16 or for any other purpose.
3. These securities are held by certain investment funds managed by GLG Partners LP, as investment manager. GLG Partners Limited is the general partner of GLG Partners LP, and Mr. Roman, Noam Gottesman and Pierre Lagrange are Managing Directors of GLG Partners Limited with power to exercise investment over the securities owned by the investment funds and as a result, may be deemed to be the beneficial owner of these securities. As discussed above in footnote (2), Mr. Roman disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein.
4. Each warrant is exercisable for one share of common stock at any time commencing on or after December 21, 2007, provided that there is an effective registration statement in effect at such time covering the shares of common stock underlying the warrants.
/s/ Alejandro San Miguel, as attorney-in-fact 02/26/2009
** 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).
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