-----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, ESsC7UBk7y+/qFcNjIlMjotvZgRRVni7+zOjjls02Zpj19C0TDXxd8MncYA15VuR EkJotTl8qTwAKdYtDmwPHA== 0001202291-07-000132.txt : 20070521 0001202291-07-000132.hdr.sgml : 20070521 20070521170832 ACCESSION NUMBER: 0001202291-07-000132 CONFORMED SUBMISSION TYPE: SC 13G PUBLIC DOCUMENT COUNT: 2 FILED AS OF DATE: 20070521 DATE AS OF CHANGE: 20070521 GROUP MEMBERS: GLENHILL CAPITAL LP GROUP MEMBERS: GLENHILL CAPITAL MANAGEMENT, LLC GROUP MEMBERS: GLENN J. KREVLIN SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: REDENVELOPE INC CENTRAL INDEX KEY: 0001236038 STANDARD INDUSTRIAL CLASSIFICATION: RETAIL-MISCELLANEOUS SHOPPING GOODS STORES [5940] IRS NUMBER: 330844285 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G SEC ACT: 1934 Act SEC FILE NUMBER: 005-79277 FILM NUMBER: 07868621 MAIL ADDRESS: STREET 1: 201 SPEAR ST STREET 2: 3RD FL CITY: SAN FRANCISCO STATE: CA ZIP: 94105 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 REDENVELOPE, INC., FILED ON 2007-05- 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. )*


RedEnvelope, Inc.
-------------------------------------------------------------------------------
(Name of Issuer)


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


75733R601
----------------------------------------
(CUSIP Number)

May 10, 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. 75733R601
------------------------------------------------
 
------------------------------------------------------------------------------------------------------------------------------
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            1,164,912
            ---------------------------------------------------------------------------------------------------------
Shares
 
Beneficially      6       Shared Voting Power          0
            ---------------------------------------------------------------------------------------------------------
Owned by
 
Each                           7       Sole Dispositive Power      1,164,912
            ---------------------------------------------------------------------------------------------------------
Reporting
 
Person With:             8       Shared Dispositive Power         0
------------------------------------------------------------------------------------------------------------------------------
 
9    Aggregate Amount Beneficially Owned by Each Reporting Person
 
        1,164,912
------------------------------------------------------------------------------------------------------------------------------
10       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions)       [ ]
------------------------------------------------------------------------------------------------------------------------------
11       Percent of Class Represented by Amount in Row (9)
 
              12.1%
------------------------------------------------------------------------------------------------------------------------------
12       Type of Reporting Person (See Instructions)
 
         IA, HC

Page 2 of 8 Pages
 


------------------------------------------------
CUSIP No. 75733R601
------------------------------------------------
 
------------------------------------------------------------------------------------------------------------------------------
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          1,164,912
            ---------------------------------------------------------------------------------------------------------
Shares
 
Beneficially         6        Shared Voting Power                           0
            ---------------------------------------------------------------------------------------------------------
Owned by
 
Each                          7        Sole Dispositive Power      1,164,912
            ---------------------------------------------------------------------------------------------------------
Reporting
 
Person With:             8        Shared Dispositive Power                   0
------------------------------------------------------------------------------------------------------------------------------
 
9    Aggregate Amount Beneficially Owned by Each Reporting Person
 
        1,164,912
------------------------------------------------------------------------------------------------------------------------------
10       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions)       [ ]
------------------------------------------------------------------------------------------------------------------------------
11       Percent of Class Represented by Amount in Row (9)
 
              12.1%
------------------------------------------------------------------------------------------------------------------------------
12       Type of Reporting Person (See Instructions)
 
               HC
 
Page 3 of 8 Pages
 

 
------------------------------------------------
CUSIP No. 75733R601
------------------------------------------------
 
------------------------------------------------------------------------------------------------------------------------------
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        1,164,912
            ---------------------------------------------------------------------------------------------------------
Owned by
 
Each                              7        Sole Dispositive Power          0
            ---------------------------------------------------------------------------------------------------------
Reporting
 
Person With:                 8        Shared Dispositive Power      1,164,912
------------------------------------------------------------------------------------------------------------------------------
 
9    Aggregate Amount Beneficially Owned by Each Reporting Person
 
        1,164,912
------------------------------------------------------------------------------------------------------------------------------
10       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions)       [ ]
------------------------------------------------------------------------------------------------------------------------------
11       Percent of Class Represented by Amount in Row (9)
 
        12.1%
------------------------------------------------------------------------------------------------------------------------------
12       Type of Reporting Person (See Instructions)
 
        IA, HC

Page 4 of 8 Pages
 

------------------------------------------------
CUSIP No. 75733R601
------------------------------------------------
 
------------------------------------------------------------------------------------------------------------------------------
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        747,561
            ---------------------------------------------------------------------------------------------------------
Owned by
 
Each                              7        Sole Dispositive Power          0
            ---------------------------------------------------------------------------------------------------------
Reporting
 
Person With:                 8        Shared Dispositive Power      747,561
------------------------------------------------------------------------------------------------------------------------------
 
9    Aggregate Amount Beneficially Owned by Each Reporting Person
 
        747,561
------------------------------------------------------------------------------------------------------------------------------
10       Check if the Aggregate Amount in Row (9) Excludes Certain Shares
        (See Instructions)       [ ]
------------------------------------------------------------------------------------------------------------------------------
11       Percent of Class Represented by Amount in Row (9)
 
        7.8%
------------------------------------------------------------------------------------------------------------------------------
12       Type of Reporting Person (See Instructions)
 
        PN
 
Page 5 of 8 Pages

Item 1(a)
Name of Issuer
 
RedEnvelope, Inc. 
   
Item 1(b)
Address of Issuers Principal Executive Offices:
 
149 New Montgomery Street
 
San Francisco, California 94105
   
Item 2(a)
Name of Persons Filing:
 
Glenhill Advisors, LLC, Glenn J. Krevlin, Glenhill Capital Management, LLC and Glenhill Capital LP
 
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, and sole shareholder of Glenhill Capital Overseas GP, Ltd.  Glenhill Capital 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:
 
75733R601
   
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.
Although this statement is being filed in order to provide notice of dissolution of a group of which the reporting persons previously were members, the reporting persons nonetheless continue to be the beneficial owners of more than five percent of the class of securities.
 
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.
See Exhibit 99.1    Notice of Dissolution of Group.
 
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 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:  May 21, 2007
                 GLENHILL ADVISORS, LLC
 
                    By: /s/ GLENN J. KREVLIN
 
                             Name:  Glenn J. Krevlin
                 Title:  Managing Member
 
 
                                                                                                                 GLENHILL CAPITAL MANAGEMENT, LLC
 
                 By: GLENHILL ADVISORS, LLC
                                                                                                                 Title: Managing Member
 
                                                                                                                 By: /s/ GLENN J. KREVLIN
 
                                                                                                                 Name: Glenn J. Krevlin
                                                                                                                 Title: Managing Member
 
 
                 /s/ GLENN J. KREVLIN
 
                                                                                                                 Name: Glenn J. Krevlin
 
                                                                                                                 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

Page 8 of 8 Pages
 EX-99.1 2 exhibit991.htm NOTICE OF DISSOLUTION OF GROUP exhibit991.htm
Exhibit 99.1

Notice of Dissolution of Group

Notice is hereby given that effective as of May 10, 2007 the following individuals and entities (the “Glenhill Reporting Persons”) that previously filed as members of a group along with Scott Galloway, R. Ian Chaplin, Michael L. Meyer, and Firebrand Partners, LLC are no longer members of the group:

                    Glenn J. Krevlin
                    Glenhill Advisors, LLC
                    Glenhill Capital Management, LLC
                    Glenhill Capital LP
                    Glenhill Capital Overseas GP, Ltd.
                    Glenhill Overseas Master Fund, L.P.
 
Firebrand Partners, LLC has distributed the shares of RedEnvelope, Inc. held by it to its members, which included the Glenhill Reporting Persons.  All further filings with respect to transactions in the security reported on will be filed, if required, by the Glenhill Reporting Persons in their individual capacities.



 




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