UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
 
SCHEDULE 13D/A
 
Under the Securities Exchange Act of 1934
 
(Amendment No. 2)*
 
NMT Medical, Inc.
(Name of Issuer)  
 
Common Stock
(Title of Class of Securities)

629294109
(CUSIP Number)
 
Glenn J. Krevlin
Glenhill Advisors, LLC
156 West 56th Street
17th Floor
New York, NY 10019
Tel. (646) 432-0600

With a copy to:
Stephen P. Wink, Esq.
Cahill/Wink LLP
405 Lexington Avenue, 7 th Floor
New York, NY 10174
 
(Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications)
 
June 18, 2010
(Date of Event Which Requires Filing of this Statement)
 
If the filing person has previously filed a statement on Schedule 13G to report the acquisition that is the subject of this Schedule 13D, and is filing this schedule because of §§240.13d-1(e), 240.13d-1(f) or 240.13d-1(g), check the following box. 
 
Note : Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See §240.13d-7 for other parties to whom copies are to be sent.
 
* 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 disclosures provided in a prior cover page.
 
The information required on 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). 

 
 
 

CUSIP No.
 
   629294109
   
 
           
1
 
NAME OF REPORTING PERSON:
 
Glenhill Advisors, LLC
     
     
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
   
(a)    o
   
(b)    þ
     
3
 
SEC USE ONLY
     
     
4
 
SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
   
WC
     
5
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
     
   
o
     
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
     
   
Delaware
       
 
7
 
SOLE VOTING POWER
       
NUMBER OF
   
0
       
SHARES
8
 
SHARED VOTING POWER
BENEFICIALLY
     
OWNED BY
   
0
       
EACH
9
 
SOLE DISPOSITIVE POWER
REPORTING
     
PERSON
   
0
       
WITH
10
 
SHARED DISPOSITIVE POWER
       
     
0
     
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
   
0
     
12
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
   
o
     
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
   
0%
     
14
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
   
IA, HC
 
 
 
 

 

CUSIP No.   629294109      
           
 
1
 
NAME OF REPORTING PERSON:
 
Glenn J. Krevlin
       
       
 
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
     
(a)    o
     
(b)    þ
       
 
3
 
SEC USE ONLY
       
       
 
4
 
SOURCE OF FUNDS (SEE INSTRUCTIONS)
       
     
WC, PF
       
 
5
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
       
     
o
       
 
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
United States
         
   
7
  SOLE VOTING POWER
 
         
 
NUMBER OF
    0
 
         
 
SHARES
8
 
SHARED VOTING POWER
 
 
BENEFICIALLY
     
 
OWNED BY
    0
 
         
 
EACH
9
 
SOLE DISPOSITIVE POWER
 
 
REPORTING
     
 
PERSON
    0
 
         
 
WITH
10
 
SHARED DISPOSITIVE POWER
 
         
        0
 
       
 
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
0
       
 
12
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
       
     
o
       
 
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
       
     
0%
       
 
14
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
       
     
IN, HC
 
 
 
 
 

 
 


CUSIP No.
   629294109
     
             
 
1
 
NAME OF REPORTING PERSON:
 
Glenhill Capital Management, LLC
       
       
 
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
     
(a)    o
     
(b)    þ
       
 
3
 
SEC USE ONLY
       
       
 
4
 
SOURCE OF FUNDS (SEE INSTRUCTIONS)
       
     
WC
       
 
5
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
       
     
o
       
 
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
       
     
Delaware
         
   
7
 
SOLE VOTING POWER
         
 
NUMBER OF
   
0
         
 
SHARES
8
 
SHARED VOTING POWER
 
BENEFICIALLY
     
 
OWNED BY
   
0
         
 
EACH
9
 
SOLE DISPOSITIVE POWER
 
REPORTING
     
 
PERSON
   
0
         
 
WITH
10
 
SHARED DISPOSITIVE POWER
         
       
0
       
 
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
       
     
0
       
 
12
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
       
     
o
       
 
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
       
     
0%
       
 
14
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
       
     
IA, HC
 
 
 
 
 

 
CUSIP No.
629294109
 
           
           
1
 
NAME OF REPORTING PERSON:
 
Glenhill Capital L.P.
     
     
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
   
(a)    o
   
(b)    þ
     
3
 
SEC USE ONLY
     
     
4
 
SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
   
WC
     
5
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
     
   
o
     
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
     
   
Delaware
       
 
7
 
SOLE VOTING POWER
       
NUMBER OF
   
0
       
SHARES
8
 
SHARED VOTING POWER
BENEFICIALLY
     
OWNED BY
   
0
       
EACH
9
 
SOLE DISPOSITIVE POWER
REPORTING
     
PERSON
   
0
       
WITH
10
 
SHARED DISPOSITIVE POWER
       
     
0
     
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
   
0
     
12
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
   
o
     
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
   
0%
     
14
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
   
PN

 
 


CUSIP No.
629294109
 
           
           
1
 
NAME OF REPORTING PERSON:
 
Glenhill Capital Overseas GP, Ltd.
     
     
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
   
(a)    o
   
(b)    þ
     
3
 
SEC USE ONLY
     
     
4
 
SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
   
WC
     
5
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
     
   
o
     
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
     
   
Cayman Islands
       
 
7
 
SOLE VOTING POWER
       
NUMBER OF
   
0
       
SHARES
8
 
SHARED VOTING POWER
BENEFICIALLY
     
OWNED BY
   
0
       
EACH
9
 
SOLE DISPOSITIVE POWER
REPORTING
     
PERSON
   
0
       
WITH
10
 
SHARED DISPOSITIVE POWER
       
     
0
     
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
   
0
     
12
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
   
o
     
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
   
0%
     
14
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
   
IA, HC

 
 
 


CUSIP No.
629294109
           
           
1
 
NAME OF REPORTING PERSON:
 
Glenhill Capital Overseas Master Fund, LP
     
     
2
 
CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
 
   
(a)    o
   
(b)    þ
     
3
 
SEC USE ONLY
     
     
4
 
SOURCE OF FUNDS (SEE INSTRUCTIONS)
     
   
WC
     
5
 
CHECK IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEMS 2(d) OR 2(e)
     
   
o
     
6
 
CITIZENSHIP OR PLACE OF ORGANIZATION
     
   
Cayman Islands
       
 
7
 
SOLE VOTING POWER
       
NUMBER OF
   
0
       
SHARES
8
 
SHARED VOTING POWER
BENEFICIALLY
     
OWNED BY
   
0
       
EACH
9
 
SOLE DISPOSITIVE POWER
REPORTING
     
PERSON
   
0
       
WITH
10
 
SHARED DISPOSITIVE POWER
       
     
0
     
11
 
AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
     
   
0
     
12
 
CHECK IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
     
   
o
     
13
 
PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
     
   
0%
     
14
 
TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
     
   
PN
 
 
 

 
 
 

       
This Amendment No. 2 amends the Schedule 13D filed April 9, 2009 (the “Schedule 13D”), as amended by Amendment No. 1 filed February 22, 2010, and is filed by Glenhill Advisors, LLC, Glenn J. Krevlin, Glenhill Capital Management, LLC, Glenhill Capital LP, Glenhill Capital Overseas GP, Ltd. and Glenhill Capital Overseas Master Fund LP (the “Reporting Persons”), with respect to the Common Stock of the Issuer.  Capitalized terms used herein but not defined herein shall have the meanings attributed to them in the Schedule 13D.
 
Item 5.    
Interest in Securities of the Issuer
   
 
Item 5 of this Schedule 13D is amended and restated as follows:
   
         (a)  As of June 21, 2010, the Reporting Persons sold 2,609,358 shares of Common Stock of the Issuer.  As a result of such sale the Reporting Persons no longer own 5% or more of the Common Stock of the Issuer.
 
         (b)  The Reporting Persons no longer own any Common Stock of the Issuer.        
 
         (c)   Transactions in the Common Stock by the Reporting Persons effected in the last 60 days are as set forth in the table below.   All such trades were made in open market transactions.
 
 
Entity
Trade Date
Activity
Quantity
Price Per Share
 
Glenhill Capital, LP
 
 
 
 
June 18, 2010
Sold
239,940
 
191,900
 
115,200
 
479,700
 
164,138
$0.7646
 
$0.6794
 
$0.6500
 
$0.7126
 
$0.6930
 
Glenhill Concentrated Long Master Fund, LLC
June 18, 2010
Sold
47,300
 
37,900
 
22,700
 
94,700
 
32,400
$0.7646
 
$0.6794
 
$0.6500
 
$0.7126
 
$0.6930
 
Glenhill Capital Overseas Master Fund, LP
June 18, 2010
Sold
212,760
 
170,200
 
102,100
 
425,600
 
145,400
 
$0.7646
 
$0.6794
 
$0.6500
 
$0.7126
 
$0.6930
 
Glenn J. Krevlin
June 18, 2010
Sold
118,420
$0.7110
 
Glenn J. Krevlin
June 21, 2010
Sold
300
 
8,700
$0.8001
 
$0.8000
 
 
         (d)  The Reporting Persons no longer own any Common Stock of the Issuer.

 
 
 
 
 
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 23, 2010
       
         
 
GLENHILL ADVISORS, LLC
 
         
 
By:     /s/
GLENN J. KREVLIN
 
Name:     Glenn J. Krevlin
 
 
Title:       Managing Member
 
         
 
/s/ GLENN J. KREVLIN
 
         
 
Name:     Glenn J. Krevlin
 
         
 
GLENHILL CAPITAL MANAGEMENT, LLC
 
         
  By:     GLENHILL ADVISORS, LLC
                                                                                                                                              Managing Member  
         
 
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 OVERSEAS GP, LTD.
 
     
 
By:  GLENHILL CAPITAL MANAGEMENT, LLC
 
 
        Sole Shareholder
 
     
 
By:  GLENHILL ADIVSORS, LLC
 
 
        Managing Member
 
     
 
By: /s/GLENN J. KREVLIN
 
 
Name: Glenn J. Krevlin
 
 
Title:   Managing Member
 
     
 
GLENHILL CAPITAL OVERSEAS MASTER FUND, LP
 
     
 
By:  GLENHILL CAPITAL OVERSEAS GP, LTD.
 
 
        General Partner
 
     
 
By:  GLENHILL CAPITAL MANGEMENT, LLC
 
 
        Sole Shareholder
 
     
 
By:  GLENHILL ADVISORS, LLC
 
 
        Managing Member
 
     
 
By: /s/GLENN J. KREVLIN
 
 
Name: Glenn J. Krevlin
 
 
Title:   Managing Member