-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, CYKcXg5dJzcsSfedW78ZxqYguudULOMLc0G8Wb4ZqTAn4kzJXaXAefrTJQjVjjkQ sTwtOfEN6tWC4WCakhFgRw== 0001202291-06-000045.txt : 20061130 0001202291-06-000045.hdr.sgml : 20061130 20061130171144 ACCESSION NUMBER: 0001202291-06-000045 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20061130 DATE AS OF CHANGE: 20061130 GROUP MEMBERS: GLENN J. KREVLIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TLC VISION CORP CENTRAL INDEX KEY: 0001010610 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-SPECIALTY OUTPATIENT FACILITIES, NEC [8093] IRS NUMBER: 980151150 STATE OF INCORPORATION: A6 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-53321 FILM NUMBER: 061248901 BUSINESS ADDRESS: STREET 1: 5280 SOLAR DRIVE STREET 2: SUITE 100 CITY: MISSISSAUGA ONTARIO STATE: A6 ZIP: 00000 BUSINESS PHONE: 636-534-2300 MAIL ADDRESS: STREET 1: 16305 SWINGLEY RIDGE ROAD STREET 2: SUITE 300 CITY: CHESTERFIELD STATE: MO ZIP: 63017 FORMER COMPANY: FORMER CONFORMED NAME: TLC LASER CENTER INC DATE OF NAME CHANGE: 19960314 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: GLENHILL ADVISORS LLC CENTRAL INDEX KEY: 0001137521 IRS NUMBER: 134153005 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: 598 MADISON AVE STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 BUSINESS PHONE: 646-432-0600 MAIL ADDRESS: STREET 1: 598 MADISON AVE STREET 2: 12TH FLOOR CITY: NEW YORK STATE: NY ZIP: 10022 FORMER COMPANY: FORMER CONFORMED NAME: KREVLIN ADVISORS LLC DATE OF NAME CHANGE: 20010402 SC 13G/A 1 form13ga.htm FORM 13G/A FILED BY GLENHILL ADVISORS, LLC 2006-11-30 Form 13G/A Filed by Glenhill Advisors, LLC 2006-11-30


OMB APPROVAL
OMB Number: 3235-0145
Expires: February 28, 2009
Estimated average burden
Hours per response 10.4



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

SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 1)*



TLC Vision Corporation
-------------------------------------------------------------------------------
(Name of Issuer)



Common Stock
-------------------------------------------------------------------------------
(Title of Class of Securities)



872549100
--------------------------------------------
(CUSIP Number)



November 27 2006
-------------------------------------------------------------------------------
(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

[_] Rule 13d-1(b)

[X] Rule 13d-1(c)

[_] Rule 13d-1(d)


*The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the notes).

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 control number.

SEC 1745 (3-06)

Page 1 of  7 pages
 

-----------------------------------
CUSIP No. 872549100
-----------------------------------


   
1.
Names of Reporting Persons
 
I.R.S. Identification Nos. of above persons (entities only)
   
 
Glenhill Advisors, LLC
13-4153005
   
   
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
   
 
(a) [ ]
   
 
(b) [X]
   
   
3.
SEC Use Only
   
   
   
4.
Citizenship or Place of Organization
   
 
Delaware
   
   

Number of
5.
Sole Voting Power
8,599,500
       
Shares
     
       
Beneficially
6.
Shared Voting Power
0
       
Owned by
     
       
Each
7.
Sole Dispositive Power
8,599,500
       
Reporting
     
       
Person With:
8.
Shared Dispositive Power
0
       

9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
     
 
8,599,500
 
     
     
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 
 
(See Instructions)
[ ]
     
     
11.
Percent of Class Represented by Amount in Row (9)
 
     
 
12.5%
 
     
12.
Type of Reporting Person (See Instructions)
 
     
 
IA, HC
 



Page 2  of  7 pages
 

-----------------------------------
CUSIP No. 872549100
-----------------------------------

   
1.
Names of Reporting Persons
 
I.R.S. Identification Nos. of above persons (entities only)
   
 
Glenn J. Krevlin
   
   
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
   
 
(a) [ ]
   
 
(b) [X]
   
   
3.
SEC Use Only
   
   
   
4.
Citizenship or Place of Organization
   
 
United States
   
   

       
Number of
5.
Sole Voting Power
8,599,500
       
Shares
     
       
Beneficially
6.
Shared Voting Power
0
       
Owned by
     
       
Each
7.
Sole Dispositive Power
8,599,500
       
Reporting
     
       
Person With:
8.
Shared Dispositive Power
0
       

9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
     
 
8,599,500
 
     
     
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 
 
(See Instructions)
[ ]
     
     
11.
Percent of Class Represented by Amount in Row (9)
 
     
 
12.5%
 
     
12.
Type of Reporting Person (See Instructions)
 
     
 
HC
 


Page 3 of  7 pages
 

-----------------------------------
CUSIP No. 872549100
-----------------------------------

   
1.
Names of Reporting Persons
 
I.R.S. Identification Nos. of above persons (entities only)
   
 
Glenhill Capital Overseas GP, Ltd.
98-0426124
   
   
2.
Check the Appropriate Box if a Member of a Group (See Instructions)
   
 
(a) [ ]
   
 
(b) [X]
   
   
3.
SEC Use Only
   
   
   
4.
Citizenship or Place of Organization
   
 
Cayman Islands
   
   

       
Number of
5.
Sole Voting Power
8,599,500
       
Shares
     
       
Beneficially
6.
Shared Voting Power
0
       
Owned by
     
       
Each
7.
Sole Dispositive Power
8,599,500
       
Reporting
     
       
Person With:
8.
Shared Dispositive Power
0
       

9.
Aggregate Amount Beneficially Owned by Each Reporting Person
 
     
 
8,599,500
 
     
     
10.
Check if the Aggregate Amount in Row (9) Excludes Certain Shares
 
 
(See Instructions)
[ ]
     
     
11.
Percent of Class Represented by Amount in Row (9)
 
     
 
12.5%
 
     
12.
Type of Reporting Person (See Instructions)
 
     
 
IA HC
 


Page 4 of  7 pages
 


Item 1(a).
Name of Issuer:
 
TLC Vision Corporation
   
Item 1(b).
Address of Issuer's Principal Executive Offices:
 
5280 Solar Drive, Suite 300
 
Mississauga, Ontario L4W 5M8
   
Item 2(a).
Name of Persons Filing:
 
Glenhill Advisors, LLC, Glenn J. Krevlin, and Glenhill Capital Overseas GP, Ltd.
 
Glenn J. Krevlin is the managing member and control person of Glenhill Advisors, LLC.
 
Glenhill Advisors, LLC is the managing member of each of Glenhill Capital Management, LLC and Glenhill Overseas Management, LLC. Glenhill Capital Management, LLC is investment advisor to Glenhill Capital LP, a security holder of the issuer, as well as sole shareholder of Glenhill Capital Overseas GP, Ltd. Glenhill Overseas GP, Ltd. is general partner of Glenhill Capital Overseas Master Fund, LP, a security holder of the issuer.
   
   
 
 
Item 2(b).
Address of Principal Business Office or, if none, Residence:
 
598 Madison Avenue, 12th Floor
 
New York, NY 10022
   
   
Item 2(c).
Citizenship:
 
See the response(s) to Item 4 on the attached cover page(s).
 
 
Item 2(d).
Title of Class of Securities:
 
Common Stock
   
Item 2(e).
CUSIP Number:
 
872549100
   
Item 3.
If this statement is filed pursuant to Rules 13d-1(b) or 3d-2(b) or (c), check whether the person
 
filing is a:
 
Not Applicable


Page 5 of  7 pages
 


Item 4.
Ownership.
   
 
(a)              Amount beneficially owned:
 
                   See the response(s) to Item 9 on the attached cover page(s).
   
 
(b)              Percent of Class:
 
                   See the response(s) to Item 11 on the attached cover page(s).
   
 
(c)              Number of shares as to which the person has:
   
 
(i)               Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
   
 
(ii)               Shared power to vote or to direct the vote: See the response(s) to Item 6 on the
 
                    attached cover page(s).
   
 
(iii)              Sole power to dispose or to direct the disposition of: See the response(s) to Item 7
 
                    on the attached cover page(s).
   
 
(iv)               Shared power to dispose or to direct the disposition of: See the response(s) to Item 8
 
                     on the attached cover page(s).
   
Item 5.
Ownership of five percent or less of a class.
 
Not Applicable
   
Item 6.
Ownership of more than five percent on behalf of another person.
 
Not Applicable
   
Item 7.
Identification and Classification of the Subsidiary which acquired the Security being reported on
 
by the Parent Holding Company.
 
Not Applicable
   
Item 8.
Identification and Classification of Members of the Group.
 
Not Applicable
   
Item 9.
Notice of Dissolution of Group.
 
Not Applicable
   
Item 10.
Certification.
 
By signing below I certify that, to the best of my knowledge and belief, the securities referred to
 
above were not acquired and are not held for the purpose of or with the effect of changing or
 
influencing the control of the issuer of the securities and were not acquired and are not held in
 
connection with or as a participant in any transaction having that purpose or effect.

Page 6 of  7 pages
 

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.


Date: November 30, 2006 
 
GLENHILL ADVISORS, LLC
 
By: /s/ GLENN J. KREVLIN
 
Name:     Glenn J. Krevlin
Title:       Managing Member
 
GLENHILL CAPITAL OVERSEAS GP, LTD.
 
By: /s/ GLENN J. KREVLIN
 
Name:   Glenn J. Krevlin
Title:     Director
 
/s/ GLENN J. KREVLIN
                Name:   Glenn J. Krevlin
Page 7 of  7 pages
 
-----END PRIVACY-ENHANCED MESSAGE-----