SEC FORM 4

SEC Form 4

FORM 4

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

STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

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Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person^*

LEVY ANTON J

(Last)

(First)

(Middle)

C/O GENERAL ATLANTIC SERVICE COMPANY,LLC

3 PICKWICK PLAZA

(Street)

GREENWICH

06830

(City)

(State)

(Zip)

2. Issuer Name and Ticker or Trading Symbol
MERCADOLIBRE INC [ MELI ]

5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

X	Director	10% Owner
	Officer (give title below)	Other (specify below)

3. Date of Earliest Transaction (Month/Day/Year)
05/09/2011

4. If Amendment, Date of 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

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)
1. Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	05/09/2011		S		92,252	D	$88.728	1,047,555	I	See footnotes⁽¹⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/09/2011		S		1,195	D	$88.728	1,047,555	I	See footnotes⁽²⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/09/2011		S		220	D	$88.728	1,047,555	I	See footnotes⁽³⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/09/2011		S		100	D	$88.728	1,047,555	I	See footnotes⁽⁴⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/09/2011		S		5,152	D	$88.728	1,047,555	I	See footnotes⁽⁵⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/09/2011		S		1,081	D	$88.728	1,047,555	I	See footnotes⁽⁶⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/10/2011		S		46,125	D	$88.5	1,047,555	I	See footnotes⁽¹⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/10/2011		S		64,844	D	$88.654	1,047,555	I	See footnotes⁽¹⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/10/2011		S		598	D	$88.5	1,047,555	I	See footnotes⁽²⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/10/2011		S		840	D	$88.654	1,047,555	I	See footnotes⁽²⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/10/2011		S		110	D	$88.5	1,047,555	I	See footnotes⁽³⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/10/2011		S		155	D	$88.654	1,047,555	I	See footnotes⁽³⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/10/2011		S		50	D	$88.5	1,047,555	I	See footnotes⁽⁴⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/10/2011		S		70	D	$88.654	1,047,555	I	See footnotes⁽⁴⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/10/2011		S		2,096	D	$88.5	1,047,555	I	See footnotes⁽⁵⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/10/2011		S		3,171	D	$88.654	1,047,555	I	See footnotes⁽⁵⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/10/2011		S		541	D	$88.5	1,047,555	I	See footnotes⁽⁶⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/10/2011		S		761	D	$88.654	1,047,555	I	See footnotes⁽⁶⁾⁽⁷⁾⁽⁸⁾
Common Stock	05/10/2011		J		930	D	$0⁽⁹⁾	1,047,555	I	See footnotes⁽⁵⁾⁽⁷⁾⁽⁸⁾

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
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)	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)		10. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)

Explanation of Responses:

1. By General Atlantic Partners 84, L.P ("GAP 84"). See footnote 7.

2. By GapStar, LLC ("GapStar"). See footnote 7.

3. By GAPCO GmbH & Co. KG ("KG"). See footnote 7.

4. By GAP Coinvestments CDA, L.P. ("CDA"). See footnote 7.

5. By GAP Coinvestments III, LLC ("GAPCO III"). See footnote 7.

6. By GAP Coinvestments IV, LLC ("GAPCO IV"). See footnote 7.

7. Amount of securities beneficially owned following May 11, 2011 represents 966,385 shares of common stock owned by GAP 84, 12,522 shares owned by GapStar, 53,969 shares owned by GAPCO III, 11,333 shares owned by GAPCO IV, 1,043 shares owned by CDA and 2,303 shares owned by KG. General Atlantic LLC ("General Atlantic") is the general partner of General Atlantic GenPar, L.P. ("GenPar") and CDA.

8. GenPar is the general partner of GAP 84. The officers of GapStar and the managing members of GAPCO III and GAPCO IV are managing directors of General Atlantic. GAPCO Management GmbH ("GmbH Management") is the general partner of KG. The managing directors of General Atlantic make voting and investment decisions with respect to the securities held by KG and GmbH Management. Mr. Levy is a managing director of General Atlantic and a managing member of GAPCO III and GAPCO IV. Mr. Levy disclaims beneficial ownership of such shares beneficially owned by them except to the extent of his pecuniary interest therein.

9. Distribution of shares of common stock to certain members of GAPCO III.

	/s/ Anton J. Levy	05/11/2011
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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