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Form 4 LIONBRIDGE TECHNOLOGIES For: Nov 25 Filed by: GLENHILL CAPITAL MANAGEMENT LLC

November 28, 2014 4:23 PM EST
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
Expires: December 31, 2014
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 *
GLENHILL ADVISORS LLC
(Last) (First) (Middle)
600 FIFTH AVENUE
11TH FLOOR
(Street)
NEW YORK NY 10020
(City) (State) (Zip)
2. Issuer Name and Ticker or Trading Symbol
LIONBRIDGE TECHNOLOGIES INC /DE/ [ LIOX ] 		5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
Director 10% Owner
Officer (give title below) X Other (specify below)
Not a 10% Owner
3. Date of Earliest Transaction (Month/Day/Year)
11/25/2014
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 11/25/2014   S   100,000 D $ 5.15 6,526,286 (1) (2) (4) I (1) (2) (3) See Footnotes (1) (2) (3)
Common Stock 11/25/2014   S   1,000 D $ 5.202 6,525,286 (1) (2) (4) I (1) (2) (3) See Footnotes (1) (2) (3)
Common Stock 11/26/2014   S   17,600 D $ 5.0023 6,507,686 (1) (2) (4) I (1) (2) (3) See Footnotes (1) (2) (3)
Common Stock 11/26/2014   S   133,900 D $ 4.9905 6,373,786 (1) (2) (4) I (1) (2) (3) See Footnotes (1) (2) (3)
Common Stock 11/26/2014   S   29 D $ 4.98 6,373,757 (1) (2) (4) I (1) (2) (3) See Footnotes (1) (2) (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
Explanation of Responses:
1. Of the total securities reported in this Form 4, following the reported transactions Glenn J. Krevlin directly owns 201,854 shares, Glenhill Capital Overseas Master Fund, LP directly owns 5,378,247 shares, Glenhill Concentrated Long Master Fund, LLC directly owns 506,800 shares, and Glenhill Long Fund, LP directly owns 286,856 shares. The Reporting Persons disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest therein. As a result of the transactions reported on this Form 4, the Reporting Persons are not currently a 10% owner of the Issuer's securities pursuant to Section 16.
2. The securities reported in this Form 4 do not include shares held in third party accounts for the benefit of third parties, which are managed by one or more of the Reporting Persons and for which such Reporting Persons have investment power and receive management fees and performance-related fees (the "Managed Accounts"). Pursuant to Rule 16a-1(a)(1)-(2) of the Securities Exchange Act of 1934, as amended, the Reporting Persons are not the beneficial owner (and disclaim beneficial ownership) of such securities and have no pecuniary interest therein. On the date of this filing, there are 660,178 shares of common stock of the issuer held in such Managed Accounts.
3. Mr. Krevlin is the managing member and control person of Glenhill Advisors, LLC and is sole shareholder of Krevlin Management, Inc., which is the managing member of Glenhill Capital Advisors, LLC, which is the investment manager of Glenhill Capital Overseas Master Fund, LP, Glenhill Concentrated Long Master Fund, LLC and Glenhill Long Fund, LP, which (with Mr. Krevlin) collectively own the reported securities (see Footnote 1). Glenhill Advisors, LLC is managing member of Glenhill Capital Management, LLC, which is managing member of Glenhill Concentrated Long Master Fund, LLC and Glenhill Long GP, LLC, and is sole shareholder of Glenhill Capital Overseas GP, Ltd., which is the general partner of Glenhill Capital Overseas Master Fund, LP. Glenhill Long GP, LLC is the general partner of Glenhill Long Fund LP.
4. On November 21, 2014, the filing agent for the Reporting Persons mistakenly filed a Form 3 with respect to the Issuer's securities which, in fact, were the securities of a different issuer (and not Lionbridge Technologies, Inc.). The events and securities intended to be reported in such Form 3 did not involve Lionbridge Technologies, Inc. or its securities in any way. The SEC subsequently deleted such erroneous Form 3 and, as such, the information in such Form 3 should be disregarded and not relied upon for any purpose.
/s/ Glenn J. Krevlin 11/28/2014
** Signature of Reporting Person Date
/s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC 11/28/2014
** Signature of Reporting Person Date
/s/ Glenn J. Krevlin, President, Krevlin Management, Inc., Managing Member, Glenhill Capital Advisors, LLC 11/28/2014
** Signature of Reporting Person Date
/s/ Glenn J. Krevlin, Managing Member, Glenhill Advisors, LLC, Managing Member, Glenhill Capital Management, LLC 11/28/2014
** 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.

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