UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
----------------------
SCHEDULE 13G/A
Under the Securities Exchange Act of 1934
(Amendment No. 4)*
Odyssey Marine Exploration, Inc.
(Name of Issuer)
Common Stock, $0.0001 par value
(Title of Class of Securities)
676118102
(CUSIP Number)
December 31, 2009
(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 purposes 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).
Page 1 of 7 Pages
CUSIP No. 676118102 13G/A Page 2 of 7 Pages
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(1) NAMES OF REPORTING PERSONS
GLG North American Opportunity Fund
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Cayman Islands
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES -------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
2,382,514 Shares
174,000 Preferred Shares, convertible into 174,000 Shares
OWNED BY -------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -------------------------------------------------------------
PERSON WITH (8) SHARED DISPOSITIVE POWER
2,382,514 Shares
174,000 Preferred Shares, convertible into 174,000 Shares
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(9) AGGREGATE AMOUNT BENEFICIALLY OWNED
BY EACH REPORTING PERSON
2,382,514 Shares
174,000 Preferred Shares, convertible into 174,000 Shares
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(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
4.30%
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(12) TYPE OF REPORTING PERSON
OO
CUSIP No. 676118102 13G/A Page 3 of 7 Pages
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(1) NAMES OF REPORTING PERSONS
GLG Partners LP
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES -------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,251,838 Shares
206,400 Preferred Shares, convertible into 206,400 Shares
OWNED BY -------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -------------------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER
3,251,838 Shares
206,400 Preferred Shares, convertible into 206,400 Shares
-----------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,251,838 Shares
206,400 Preferred Shares, convertible into 206,400 Shares
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.81%
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(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
PN
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CUSIP No. 676118102 13G/A Page 4 of 7 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
GLG Partners Limited
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
United Kingdom
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES -------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,251,838 Shares
206,400 Preferred Shares, convertible into 206,400 Shares
OWNED BY -------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -------------------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER
3,251,838 Shares
206,400 Preferred Shares, convertible into 206,400 Shares
-----------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,251,838 Shares
206,400 Preferred Shares, convertible into 206,400 Shares
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.81%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
IA, HC
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CUSIP No. 676118102 13G/A Page 5 of 7 Pages
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(1) NAMES OF REPORTING PERSONS
I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY)
GLG Partners, Inc.
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(2) CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
(a) [X]
(b) [ ]
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(3) SEC USE ONLY
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(4) CITIZENSHIP OR PLACE OF ORGANIZATION
Delaware
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NUMBER OF (5) SOLE VOTING POWER
0
SHARES -------------------------------------------------------------
BENEFICIALLY (6) SHARED VOTING POWER
3,251,838 Shares
206,400 Preferred Shares, convertible into 206,400 Shares
OWNED BY -------------------------------------------------------------
EACH (7) SOLE DISPOSITIVE POWER
0
REPORTING -------------------------------------------------------------
PERSON WITH: (8) SHARED DISPOSITIVE POWER
3,251,838 Shares
206,400 Preferred Shares, convertible into 206,400 Shares
-----------------------------------------------------------------------
(9) AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
3,251,838 Shares
206,400 Preferred Shares, convertible into 206,400 Shares
-----------------------------------------------------------------------
(10) CHECK BOX IF THE AGGREGATE AMOUNT
IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)
[ ]
-----------------------------------------------------------------------
(11) PERCENT OF CLASS REPRESENTED
BY AMOUNT IN ROW (9)
5.81%
-----------------------------------------------------------------------
(12) TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)
CO
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CUSIP No. 676118102 13G/A Page 6 of 7 Pages
This Amendment No. 4 (this "Amendment") amends the statement on Schedule 13G
filed on March 21, 2005 (the "Original Schedule 13G"), as amended by Amendment
No.1 filed on February 14, 2007, as further amended by Amendment No. 2 filed on
February 14, 2008, and Amendment No. 3 filed on February 6, 2009(the "Original
Schedule 13G" as amended, the "Schedule 13G") with respect to shares of Common
Stock, par value $0.0001 per share (the "Shares") of Odyssey Marine Exploration,
Inc., a Nevada corporation (the "Company"). Capitalized terms used herein and
not otherwise defined in this Amendment have the meanings set forth in the
Schedule 13G. This Amendment amends and restates Items 4 and 5 in their entirety
as set forth below.
Item 4. Ownership
Provide the following information regarding the aggregate number and
percentage of the class of securities of the issuer identified in Item 1.
The information required by Items 4(a) - (c) is set forth in Rows 5 -
11 of the cover page for each Reporting Person hereto and is
incorporated herein by reference for each such Reporting Person. Based
upon the Company's Quarterly Report filed on Form 10-Q on November 9,
2009, for the quarterly period ended September 30, 2009, the Company
had 59,326,194 Shares outstanding as of October 27, 2009. In
calculating the percentage of Shares held by the Reporting Persons, we
assumed the conversion of the reported convertible preferred stock.
The Investment Manager, which serves as the investment manager to each
of the GLG Funds, may be deemed to be the beneficial owner of all
Shares owned by the GLG Funds. The Investment Manager exercises its
investment authority directly or indirectly through various entities,
including, without limitation, GLG Inc. The General Partner, as general
partner to the Investment Manager, may be deemed to be the beneficial
owner of all Shares owned by the GLG Funds. Each of Emmanuel Roman,
Pierre Lagrange and Noam Gottesman are Managing Directors of the
General Partner. The Parent Company, which indirectly wholly owns the
General Partner, may be deemed to be the beneficial owner of all Shares
owned by the GLG Funds. Each of the Investment Manager, the General
Partner, the Parent Company, GLG Inc., Emmanuel Roman, Pierre Lagrange
and Noam Gottesman hereby disclaims any beneficial ownership of any
such Shares, except for their pecuniary interest therein.
Item 5. Ownership of Five Percent or Less of a Class
As of December 31, 2009, GLG North American Opportunity Fund had
ceased to be a Reporting Person with respect to the Shares.
CUSIP No. 676118102 13G/A Page 7 of 7 Pages
SIGNATURES
After reasonable inquiry and to the best of its knowledge and
belief, each of the undersigned certifies that the information with respect to
it set forth in this statement is true, complete, and correct.
Dated: February 11, 2010
GLG NORTH AMERICAN OPPORTUNITY FUND
By: GLG Partners LP, its Investment Manager
GLG PARTNERS LP
Individually and in its capacity as Investment Manager of North American
Opportunity Fund
By: /s/ Victoria Parry
--------------------------------
Name: Victoria Parry
Title: Senior Legal Counsel of GLG Partners LP
GLG PARTNERS LIMITED
Individually and in its capacity as General Partner of GLG Partners LP
By: /s/ Emmanuel Roman
--------------------------------
Name: Emmanuel Roman
Title: Managing Director
GLG PARTNERS, INC.
By: /s/ Alejandro R. San Miguel
--------------------------------
Name: Alejandro R. San Miguel
Title: General Counsel and Corporate Secretary