ggtra144_042511.htm
 
 
 

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                         SEC USE ONLY

                                                 DOCUMENT SEQUENCE NO.


                                                 CUSIP NUMBER


                                                 WORK LOCATION


    UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 144 - Amendment

NOTICE OF PROPOSED SALE OF SECURITIES
PURSUANT TO RULE 144 UNDER THE SECURITIES ACT OF 1933

ATTENTION:                                Transmit for filing 3 copies of this form concurrently with either placing an order with a broker to execute sale or executing a sale
directly with a market maker.
1(a)  NAME OF ISSUER (Please type or print)
(b) IRS IDENT. NO.
(c) S.E.C. FILE NO.
    
 
Gabelli Global Multimedia Trust Inc.
 
13-3767317
 
811-08476
    

1(d)  ADDRESS OF ISSUER                                                                STREET                                                      CITY                                           STATEZIP CODE
(e) TELEPHONE NO.
 
One Corporate Center                                                                                Rye                                                   NY                                      10580
AREA CODE
914
NUMBER
921-5000
 

2(a)  NAME OF PERSON FOR WHOSE ACCOUNT THE
         SECURITIES ARE TO BE SOLD
(b)  RELATIONSHIP
       TO ISSUER
(c)  ADDRESS                                        STREET                                         CITY                      STATE              ZIP CODE
 
Gabelli Securities, Inc.
 
  See Note 1
 
One Corporate Center                             Rye                  NY             10580
INSTRUCTION:  The person filing this notice should contact the issuer to obtain the I.R.S. Identification Number and the S.E.C. File Number.
3(a)
Title of the
Class of Securities
To Be Sold
(b)
Name and Address of Each Broker Through Whom the Securities are to be Offered or Each Market Maker who is Acquiring the Securities
SEC USE ONLY
 
Broker-Dealer
File Number
I
Number of Shares
or Other Units To Be Sold
[See instr. 3I]
(d)
Aggregate
Market Value
([See instr. 3(d)]
(e)
Number of Shares or Other
Units Outstanding,
[See instr. 3(e)]
(f)
Approximate Date of Sale
[See instr. 3(f)]
(MO          DAY          YR)
(g)
Name of Each Securities Exchange
[See instr. 3(g)]
  
Subscription Rights for Common Shares
 
Gabelli & Company, Inc.
One Corporate Center
Rye, NY 10580
 
  
 
124,5512
 
$32,3833
 
13,575,669
 
04/21/11
 
N/A
  
 
INSTRUCTIONS:
     1. (a)  Name of Issuer
         (b)  Issuer’s I.R.S. Identification Number
(c)  Issuer’s S.E.C. file number, if any
(d) Issuer’s address, including zip code
(e) Issuer’s telephone number, including area code
 
2.(a)  Name of person for whose account the securities are to be sold
(b) Such person’s  relationship to the issuer (e.g., officer, director, 10% stockholder, or member of immediate family of any of the foregoing)
   (c)   Such person’s address, including zip code
3.  (a)  Title of the class of securities to be sold
(b) Name and address of each broker through whom the securities are intended to be sold
(c) Number of shares or other units to be sold (if debt securities, give the aggregate face amount)
(d) Aggregate market value of the securities to be sold as of a specified date within 10 days prior to the filing of this notice
(e) Number of shares or other units of the class outstanding, or if debt securities the face amount thereof outstanding, as shown by the most recent
           report or statement published by the issuer
(f) Approximate date on which the securities are to be sold
     (g)  Name of each securities exchange, if any, on which the securities are intended to be sold
Potential persons who are to respond to the collection of information contained in this form are not
required to respond unless the form displays a currently valid OMB control number.

SEC 1147 (08-07)
 
 
 

TABLE I – SECURITIES TO BE SOLD
Furnish the following information with respect to the acquisition of the securities to be sold
and with respect to the payment of all or any part of the purchase price or other consideration therefore:

Title of
the Class
Date You
Acquired
 
Nature of Acquisition Transaction
Name of Person from Whom Acquired
(if gift, also give date donor acquired)
Amount of
Securities Acquired
Date of
Payment
 
Nature of Payment
 
Subscription Rights for Common Shares
 
3/29/11
 
 
          Rights Offering
 
Issuer
 
124,549
 
      3/29/11
 
 
See Note 4
 

INSTRUCTIONS:
If the securities were purchased and full payment therefore was not made in cash at the time of purchase, explain in the table or in a note thereto the nature of the consideration given.  If the consideration consisted of any note or other obligation, or if payment was made in installments, describe the arrangement and state when the note or other obligation was discharged in full or the last installment paid.
    
TABLE II – SECURITIES SOLD DURING THE PAST 3 MONTHS
Furnish the following information as to all securities of the issuer sold during the past 3 months by the person for whose account the securities are to be sold.

Name and Address of Seller
Title of Securities Sold
Date of Sale
Amount of Securities Sold
Gross Proceeds
 Mario J. Gabelli 5
One Corporate Center
Rye, NY 10580
Subscription Rights for Common Shares
4/15/11
4/19/11
1,281
5,445
269
1,144

REMARKS:
1- Gabelli Securities, Inc. is an affiliate of the Investment Adviser of the Issuer.
2–This Form 144 is being filed to amend the number of shares to be sold from 124,549 to 124,551. The persons for whose accounts the securities are to be sold disclaim any requirement to rely on Rule 144 for such sales.
3- Closing price as of 4/20/2011.
4 – Each shareholder of the Common Shares of the Issuer received one right for each Common Share they owned as of 3/29/2011, the record date.
5 – Mario J. Gabelli is deemed to control Gabelli Securities, Inc.

INSTRUCTIONS:
See the definition of “person” in paragraph (a) of Rule 144.  Information is to be given not only as to the person for whose account the securities are to be sold but also as to all other persons included in that definition.  In addition, information shall be given as to sales by all persons whose sales are required by paragraph (e) of Rule 144 to be aggregated with sales for the account of the person filing this notice.
ATTENTION:
The person for whose account the securities to which this notice relates are to be sold hereby represents by signing this notice that he does not know any material adverse information in regard to the current and prospective operations of the Issuer of the securities to be sold which has not been publicly disclosed.  If such person has adopted a written trading plan or given trading instructions to satisfy Rule 10b5-1 under the Exchange Act, by signing the form and indicating the date that the plan was adopted or the instruction given, that person makes such representation as of the plan adoption or instruction date.

       04/25/11                                                                                                             /s/ Douglas R.Jamieson                                                                
DATE OF NOTICE                                                                                                                    (SIGNATURE)
                                                                                                                                                                                                                   Douglas R. Jamieson
                                                        President
                      _____________________________________________________
DATE OF PLAN ADOPTION OR GIVING OF INSTRUCTION
 
IF RELYING ON RULE 10B5-1
The notice shall be signed by the person for whose account the securities are to be sold.  At least one copy of the notice shall be manually signed. Any copies not manually signed shall bear typed or printed signatures.



ATTENTION:  Intentional misstatements or omission of facts constitute Federal Criminal Violations (See 18 U.S.C. 1001)


SEC 1147 (08-07)