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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000950142-09-000091.txt : 20090129
<SEC-HEADER>0000950142-09-000091.hdr.sgml : 20090129
<ACCEPTANCE-DATETIME>20090129203744
ACCESSION NUMBER:		0000950142-09-000091
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20081231
FILED AS OF DATE:		20090129
DATE AS OF CHANGE:		20090129

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			PM Liquidating Corp.
		CENTRAL INDEX KEY:			0000906337
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-COMPUTER PROCESSING & DATA PREPARATION [7374]
		IRS NUMBER:				650202059
		STATE OF INCORPORATION:			FL
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		1854 SHACKLEFORD COURT
		STREET 2:		SUITE 200
		CITY:			NORCROSS
		STATE:			GA
		ZIP:			30093
		BUSINESS PHONE:		7708069918

	MAIL ADDRESS:	
		STREET 1:		1854 SHACKLEFORD COURT
		STREET 2:		SUITE 200
		CITY:			NORCROSS
		STATE:			GA
		ZIP:			30093

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PROXYMED INC /FT LAUDERDALE/
		DATE OF NAME CHANGE:	19940907

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	HMO PHARMACY INC
		DATE OF NAME CHANGE:	19930601

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			GENERAL ATLANTIC LLC
		CENTRAL INDEX KEY:			0001017645
		STATE OF INCORPORATION:			DE
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-22052
		FILM NUMBER:		09555819

	BUSINESS ADDRESS:	
		STREET 1:		3 PICKWICK
		STREET 2:		3 PICKWICK PLAZA
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			08330
		BUSINESS PHONE:		2036223050

	MAIL ADDRESS:	
		STREET 1:		3 PICKWICK
		STREET 2:		3 PICKWICK PLAZA
		CITY:			GREENWICH
		STATE:			CT
		ZIP:			08330

	FORMER NAME:	
		FORMER CONFORMED NAME:	GENERAL ATLANTIC PARTNERS LLC
		DATE OF NAME CHANGE:	19960626
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4_gallc1231-plqex.xml
<DESCRIPTION>STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0303</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2008-12-31</periodOfReport>

    <notSubjectToSection16>1</notSubjectToSection16>

    <issuer>
        <issuerCik>0000906337</issuerCik>
        <issuerName>PM Liquidating Corp.</issuerName>
        <issuerTradingSymbol>PILLQ</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001017645</rptOwnerCik>
            <rptOwnerName>GENERAL ATLANTIC LLC</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>C/O GENERAL ATLANTIC SERVICE COMPANY LLC</rptOwnerStreet1>
            <rptOwnerStreet2>3 PICKWICK PLAZA</rptOwnerStreet2>
            <rptOwnerCity>GREENWICH</rptOwnerCity>
            <rptOwnerState>CT</rptOwnerState>
            <rptOwnerZipCode>06830</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>1</isOther>
            <otherText>See Remarks</otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-12-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1741258</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F2"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-12-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>1166184</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
        <nonDerivativeTransaction>
            <securityTitle>
                <value>Common Stock</value>
            </securityTitle>
            <transactionDate>
                <value>2008-12-31</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>S</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>153264</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F1"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>D</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>0</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F4"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeTransaction>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">The Reporting Person and certain affiliates of the Reporting Person (collectively, the &quot;Sellers&quot;) sold a total of 3,381,802
 shares of common stock of the Issuer to Jefferies &amp; Co., Inc. for an aggregate purchase price equal to $1.00 to be divided
 pro rata among the Sellers in proportion to each Seller's shares.</footnote>
        <footnote id="F2">By General Atlantic Partners 74, L.P. (&quot;GAP 74&quot;).  General Atlantic LLC is the general partner of GAP 74.</footnote>
        <footnote id="F3">By General Atlantic Partners 77, L.P. (&quot;GAP 77&quot;).  General Atlantic LLC is the general partner of GAP 77.</footnote>
        <footnote id="F4">By GapStar LLC (&quot;GapStar&quot;).  General Atlantic LLC is the sole member of GapStar.</footnote>
    </footnotes>

    <remarks>Effective December 31, 2008, the Reporting Person no longer has a  relationship to the Issuer.</remarks>

    <ownerSignature>
        <signatureName>/s/ Matthew Nimetz, Managing Director</signatureName>
        <signatureDate>2009-01-29</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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