Ownership Submission
FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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(Print or Type Responses)
1. Name and Address of Reporting Person *
FRANKLIN MARTIN E
   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 _____ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
555 THEODORE FREMD AVE, SUITE B-203		 3. Date of Earliest Transaction (Month/Day/Year)
11/10/2009
(Street)

RYE, NY 10580		 4. If Amendment, Date 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
(City)
(State)
(Zip)
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

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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 Underlying Securities
(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 of Derivative Security: 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
Warrants (right to buy) $ 7.5 11/10/2009   J(1)     2,250,000 12/21/2007(2) 12/28/2011 Common Stock 2,250,000 $ 0 0 I By Martin Equities II, LLC (3)
Warrants (right to buy) $ 7.5 11/10/2009   J(1)(4)   1,800,000   12/21/2007(2) 12/28/2011 Common Stock 1,800,000 $ 0 1,800,000 D  
Warrants (right to buy) $ 7.5             12/21/2007(2) 12/28/2011 Common Stock 2,000,000   2,000,000 D  
Warrants (right to buy) $ 7.5             12/21/2007(5) 12/28/2011 Common Stock 4,738,560   4,738,560 D  

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
FRANKLIN MARTIN E
555 THEODORE FREMD AVE
SUITE B-203
RYE, NY 10580		   X      

Signatures

 /s/ Martin E. Franklin   11/12/2009
**Signature of Reporting Person Date

Explanation of Responses:

* 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).
(1) On November 10, 2009, Marlin Equities II, LLC made a distribution of 2,250,000 warrants (each warrant represents the right to buy one share of common stock of GLG) to two of its members, which distribution was made 80% to one of its members and 20% to another of its members.
(2) These warrants are exercisable at any time commencing on or after December 21, 2007 (provided that there is an effective registration statement covering GLG's common stock underlying these warrants in effect).
(3) Mr. Franklin is the majority owner and the managing member of Marlin Equities II, LLC and may have been considered to have had beneficial ownership of Marlin Equities II, LLC's interests in GLG. Mr. Franklin disclaims beneficial ownership of any shares or warrants, as the case may be, in which he does not have a pecuniary interest.
(4) In connection with the distribution by Marlin Equities II, LLC of 2,250,000 warrants of GLG to its members, Mr. Franklin received 1,800,000 warrants.
(5) These warrants are exercisable at any time commencing on or after December 21, 2007 if and when the last sales price of GLG's common stock exceeds $14.25 per share for any 20 trading days within a 30 day trading period (provided that there is an effective registration statement covering GLG's common stock underlying these warrants in effect).

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