-----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, DpIfYFzi1O7Imzjert/+0X25XvBb9+Y4IOdS1F2gy6cy82iV4NEpUZU8yjJc192L uOPgQFVnSpfRW8F9ochvsQ== 0001202291-07-000158.txt : 20070621 0001202291-07-000158.hdr.sgml : 20070621 20070621144036 ACCESSION NUMBER: 0001202291-07-000158 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20070621 DATE AS OF CHANGE: 20070621 GROUP MEMBERS: GLENHILL CAPITAL LP GROUP MEMBERS: GLENHILL CAPITAL MANAGEMENT, LLC 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 SEC ACT: 1934 Act SEC FILE NUMBER: 005-53321 FILM NUMBER: 07933470 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 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 1 form13g.htm FORM 13G FILED BY GLENHILL ADVISORS, LLC, ISSUER TLC VISION CORP 6-21-07 form13g.htm

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

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


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


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


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

June 18, 2007
-------------------------------------------------------------------------------
(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 OMD control number.

SEC 1745 (3-06)

Page 1 of 8 Pages
 


------------------------------------------------
CUSIP No. 872549100
------------------------------------------------
 
------------------------------------------------------------------------------------------------------------------------------
1    Name 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 Instruction)
 
        (a)    [   ]
        (b)    [X]
------------------------------------------------------------------------------------------------------------------------------
3    SEC Use Only
------------------------------------------------------------------------------------------------------------------------------
4    Citizen or Place of Organization
 
        Delaware
------------------------------------------------------------------------------------------------------------------------------
Number of       5        Sole Voting Power            6,778,486
            ---------------------------------------------------------------------------------------------------------
Shares
 
Beneficially      6       Shared Voting Power          0
            ---------------------------------------------------------------------------------------------------------
Owned by
 
Each                           7       Sole Dispositive Power      6,778,486
            ---------------------------------------------------------------------------------------------------------
Reporting
 
Person With:             8       Shared Dispositive Power         0
------------------------------------------------------------------------------------------------------------------------------
 
9    Aggregate Amount Beneficially Owned by Each Reporting Person
 
        6,778,486
------------------------------------------------------------------------------------------------------------------------------
10       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions)       [ ]
------------------------------------------------------------------------------------------------------------------------------
11       Percent of Class Represented by Amount in Row (9)
 
              9.8%
------------------------------------------------------------------------------------------------------------------------------
12       Type of Reporting Person (See Instructions)
 
         IA, HC

Page 2 of 8 Pages
 


------------------------------------------------
CUSIP No. 872549100
------------------------------------------------
 
------------------------------------------------------------------------------------------------------------------------------
1    Name 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 Instruction)
 
        (a)    [   ]
        (b)    [X]
------------------------------------------------------------------------------------------------------------------------------
3    SEC Use Only
------------------------------------------------------------------------------------------------------------------------------
4    Citizen or Place of Organization
 
        United States
------------------------------------------------------------------------------------------------------------------------------
Number of                 5        Sole Voting Power          6,778,486
            ---------------------------------------------------------------------------------------------------------
Shares
 
Beneficially         6        Shared Voting Power                           0
            ---------------------------------------------------------------------------------------------------------
Owned by
 
Each                          7        Sole Dispositive Power    6,778,486
            ---------------------------------------------------------------------------------------------------------
Reporting
 
Person With:             8        Shared Dispositive Power                   0
------------------------------------------------------------------------------------------------------------------------------
 
9    Aggregate Amount Beneficially Owned by Each Reporting Person
 
        6,778,486
------------------------------------------------------------------------------------------------------------------------------
10       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions)       [ ]
------------------------------------------------------------------------------------------------------------------------------
11       Percent of Class Represented by Amount in Row (9)
 
              9.8%
------------------------------------------------------------------------------------------------------------------------------
12       Type of Reporting Person (See Instructions)
 
               IN, HC
 
Page 3 of 8 Pages
 

 
------------------------------------------------
CUSIP No. 872549100
------------------------------------------------
 
------------------------------------------------------------------------------------------------------------------------------
1    Name of Reporting Persons
        I.R.S. Identification Nos. of above persons (entities only)
 
        Glenhill Capital LP
        13-4149785
------------------------------------------------------------------------------------------------------------------------------
2    Check the Appropriate Box if a Member of a Group (See Instruction)
 
        (a)    [   ]
        (b)    [X]
------------------------------------------------------------------------------------------------------------------------------
3    SEC Use Only
------------------------------------------------------------------------------------------------------------------------------
4    Citizen or Place of Organization
 
        Delaware
------------------------------------------------------------------------------------------------------------------------------
Number of        5        Sole Voting Power            0
            ---------------------------------------------------------------------------------------------------------
Shares
 
Beneficially            6        Shared Voting Power        3,867,273
            ---------------------------------------------------------------------------------------------------------
Owned by
 
Each                              7        Sole Dispositive Power          0
            ---------------------------------------------------------------------------------------------------------
Reporting
 
Person With:                 8        Shared Dispositive Power      3,867,273
------------------------------------------------------------------------------------------------------------------------------
 
9    Aggregate Amount Beneficially Owned by Each Reporting Person
 
        3,867,273
------------------------------------------------------------------------------------------------------------------------------
10       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions)       [ ]
------------------------------------------------------------------------------------------------------------------------------
11       Percent of Class Represented by Amount in Row (9)
 
        5.6%
------------------------------------------------------------------------------------------------------------------------------
12       Type of Reporting Person (See Instructions)
 
        PN

Page 4 of 8 Pages
 

------------------------------------------------
CUSIP No. 872549100
------------------------------------------------
 
------------------------------------------------------------------------------------------------------------------------------
1    Name of Reporting Persons
        I.R.S. Identification Nos. of above persons (entities only)
 
        Glenhill Capital Management, LLC
        13-4146739
------------------------------------------------------------------------------------------------------------------------------
2    Check the Appropriate Box if a Member of a Group (See Instruction)
 
        (a)    [   ]
        (b)    [X]
------------------------------------------------------------------------------------------------------------------------------
3    SEC Use Only
------------------------------------------------------------------------------------------------------------------------------
4    Citizen or Place of Organization
 
        Delaware
------------------------------------------------------------------------------------------------------------------------------
Number of        5        Sole Voting Power            0
            ---------------------------------------------------------------------------------------------------------
Shares
 
Beneficially            6        Shared Voting Power        6,778,486
            ---------------------------------------------------------------------------------------------------------
Owned by
 
Each                              7        Sole Dispositive Power          0
            ---------------------------------------------------------------------------------------------------------
Reporting
 
Person With:                 8        Shared Dispositive Power      6,778,486
------------------------------------------------------------------------------------------------------------------------------
 
9    Aggregate Amount Beneficially Owned by Each Reporting Person
 
        6,778,486
------------------------------------------------------------------------------------------------------------------------------
10       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions)       [ ]
------------------------------------------------------------------------------------------------------------------------------
11       Percent of Class Represented by Amount in Row (9)
 
        9.8%
------------------------------------------------------------------------------------------------------------------------------
12       Type of Reporting Person (See Instructions)
 
        IA, HC
 
Page 5 of 8 Pages

  This Schedule 13G is being filed to reflect a change to passive investment status and not to report a change in beneficial ownership. 
   
Item 1(a)
Name of Issuer
 
TLC Vision Corporation 
   
Item 1(b)
Address of Issuers Principal Executive Offices:
 
5280 Solar Drive, Suite 100
 
Mississauga, Ontario L4W 5M8
   
Item 2(a)
Name of Persons Filing:
 
Glenhill Advisors, LLC, Glenn J. Krevlin, Glenhill Capital LP and Glenhill Capital Management, LLC.
 
Glenn J. Krevlin is the managing member and control person of Glenhill Advisors, LLC.  Glenhill Advisors, LLC is the managing member of Glenhill Capital Management, LLC.  Glenhill Capital Management, LLC is the general partner and investment advisor of Glenhill Capital LP, a security holder of the issuer, managing member of Glenhill Concentrated Long Master Fund, LLC, a security holder of the issuer, and sole shareholder of Glenhill Capital Overseas GP Ltd.  Glenhill Capital Overseas GP Ltd. is general partner of Glenhill Capital Overseas Master Fund L.P., 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 13d-2(b) or (c), check whether the person filing is a:
 
Not Applicable


Page 6 of 8 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 direct the disposition of:
See the response(s) to Item 7 on the attached cover page(s).
 
(iv)       Shared power to dispose or 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 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 acquired and are held in the ordinary course of business and 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 7 of 8 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:    June 21, 2007
                     GLENHILL ADVISORS, LLC
 
                        By: /s/ GLENN J. KREVLIN
 
                                 Name:  Glenn J. Krevlin
                     Title:     Managing Member
 
 
                                                                                                                     GLENHILL CAPITAL LP
 
                     By: GLENHILL CAPITAL MANAGEMENT, LLC 
                                               General Partner
 
                                                                                                                     By: GLENHILL ADVISORS, LLC
                                     Managing Member 
 
                     By: /s/ GLENN J. KREVLIN
 
                                                                                                                     Name: Glenn J. Krevlin
                                         Title:  Managing Member 
 
 
                                                                                                                     GLENHILL CAPITAL MANAGEMENT, LLC
 
                                                                                                                     By: GLENHILL ADVISORS, LLC
                                                                                                                           Managing Member
 
                                                                                                                     By: /s/ GLENN J. KREVLIN
 
                     Name: Glenn J. Krevlin
                     Title: Managing Member
 
                                         /s/ GLENN J. KREVLIN
 
                                         Name: Glenn J. Krevlin
 
                                  
Page 8 of 8 Pages
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