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Filing Details

Accession Number:: 0001209191-14-039734
Form Type:: 4
Zero Holdings:: No
Publication Time:: 2014-06-09 06:03:05
Reporting Period:: 2014-06-05

Filing Date:: 2014-06-09
Accepted Time:: 2014-06-09 06:03:05
SEC Url:: Form 4 Filing

Issuer

Cik	Name	Symbol	Sector (SIC)	IRS No
782842	Gleacher & Company Inc.	GLCH	Security Brokers, Dealers & Flotation Companies (6211)	222655804

Insiders

Cik	Name	Reported Address	Director	Officer	Large Shareholder	Other
1178798	Matlinpatterson Llc	C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue, 35Th Floor New York NY 10022	No	No	Yes	No
1251956	J David Matlin	C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue, 35Th Floor New York NY 10022	No	No	Yes	No
1251957	R Mark Patterson	C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue, 35Th Floor New York NY 10022	No	No	Yes	No
1251960	Matlinpatterson Pe Holdings Llc	C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue, 35Th Floor New York NY 10022	No	No	Yes	No
1413866	Matlinpatterson Fa Acquisition Llc	C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue, 35Th Floor New York NY 10022	No	No	Yes	No
1454256	Mp Ii Preferred Partners Lp	C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue, 35Th Floor New York NY 10022	No	No	Yes	No
1465630	Mp Preferred Partners Gp Llc	C/O Matlinpatterson Global Advisers Llc 520 Madison Avenue, 35Th Floor New York NY 10022	No	No	Yes	No

Reported Non-Derivative Transactions

Show Other Fields >>

Sec. Name	Acquisiton - Disposition	Date	Amount	Price	Remaning Holdings	Equity Swap Involved	Form Type	Code	Nature of Ownership
Common Stock	Disposition	2014-06-05	1,304,393	$10.50	474,020	No	4	S	Direct
Common Stock	Disposition	2014-06-05	309,374	$10.50	164,646	No	4	S	Direct
Common Stock	Disposition	2014-06-05	164,646	$10.50	0	No	4	S	Direct

Equity Swap Involved	Form Type	Code	Nature of Ownership
No	4	S	Direct
No	4	S	Direct
No	4	S	Direct

Footnotes

On June 5, 2014, MatlinPatterson FA Acquisition LLC ("MP FAA") entered into a Stock Purchase Agreement with LLSM L.P. pursuant to which MP FAA agreed to sell an aggregate of 1,304,393 shares of common stock of Gleacher & Company, Inc. (the "Issuer") at a price of $10.50 per share.
MP II Preferred Partners L.P. ("MP II Preferred Partners") holds one hundred percent (100%) of the membership interests in MP FAA. MatlinPatterson PE Holdings LLC ("MP PE Holdings") is the sole owner of MP Preferred Partners GP LLC, the general partner of MP II Preferred Partners. MatlinPatterson LLC holds one hundred percent (100%) of the equity of MP PE Holdings. Other than MP FAA, each of the foregoing reporting persons disclaims beneficial ownership of the shares reported in this Form 4, except to the extent such reporting person holds an indirect pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. David J. Matlin & Mark R. Patterson are each a holder of 50 percent (50%) of the membership interests in MatlinPatterson LLC. David J. Matlin &
(Continued from footnote 2) Mark R. Patterson may be deemed to have shared voting and investment control over the shares of the Issuer held by MP FAA. Each of David J. Matlin & Mark R. Patterson also has an indirect pecuniary interest in such shares through each of such person's indirect interest in one or more limited partners which hold an investment interest and carried interest in MP II Preferred Partners. Each of David J. Matlin's and Mark R. Patterson's exact pecuniary interest therein is not readily determinable because it is subject to several variables, including without limitation, the internal rates of return of MP II Preferred Partners overall and with respect to their indirect investment in the Issuer. Each of David J. Matlin & Mark R. Patterson disclaims beneficial ownership of any of the securities reported in this Form 4 except to the extent of his pecuniary interest therein.
On June 5, 2014, MP FAA entered into a Stock Purchase Agreement with HHLF L.P. pursuant to which MP FAA agreed to sell an aggregate of 309,374 shares of the Issuer's common stock at a price of $10.50 per share.
On June 5, 2014, MP FAA entered into a Stock Purchase Agreement with Permal Stone Lion Fund Ltd. pursuant to which MP FAA agreed to sell an aggregate of 164,646 shares of the Issuer's common stock at a price of $10.50 per share.