Edgar Filing: Hudson Global, Inc.

Ownership Submission

FORM 4

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

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940

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(Print or Type Responses)

1. Name and Address of Reporting Person ^*

VI Capital Fund, LP

2. Issuer Name and Ticker or Trading Symbol
Hudson Global, Inc. [HSON]

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

_____ Director	_____ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
Former member of 10% owner grp

(Last)

(First)

(Middle)

PO BOX 402

3. Date of Earliest Transaction (Month/Day/Year)
11/21/2013

(Street)

NEWMAN LAKE, WA 99025

4. If Amendment, Date Original Filed(Month/Day/Year)
10/21/2014

6. Individual or Joint/Group Filing(Check Applicable Line)
___ Form filed by One Reporting Person
_X_ Form filed by More than One Reporting Person

(City)

(State)

(Zip)

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)
			Code	V	Amount	(A) or (D)	Price
Common Stock ⁽¹⁾	11/21/2013		P		100	A	$ 3.36	100	D

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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 Underlying Securities
(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 of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)

11. Nature of Indirect Beneficial Ownership
(Instr. 4)

Code

(A)

(D)

Date Exercisable

Expiration Date

Title

Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
VI Capital Fund, LP PO BOX 402 NEWMAN LAKE, WA 99025				Former member of 10% owner grp
VI Capital Management, LLC PO BOX 402 NEWMAN LAKE, WA 99025				Former member of 10% owner grp
Pointer David PO BOX 402 NEWMAN LAKE, WA 99025				Former member of 10% owner grp

Signatures

/s/ VI Capital Fund, LP, by VI Capital Management, LLC as its general partner, by David Pointer as Managing Member		10/22/2014
^**Signature of Reporting Person		Date
/s/ VI Capital Management, LLC, by David Pointer as Managing Member		10/22/2014
^**Signature of Reporting Person		Date
/s/ David Pointer		10/22/2014
^**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 4(b)(v).
**	Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
(1)	The Reporting Person is the direct beneficial owner of the reported shares of Common Stock of the Issuer and might have been a member of a "group" for the purpose of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, owning more than 10% of the outstanding shares of common stock of Hudson Global, Inc., as described in a Schedule 13D filed with the Securities and Exchange Commission on December 2, 2013 (the "Original Schedule 13D Filing"). As described in Amendment No. 1 to the Original Schedule 13D Filing filed with the Securities and Exchange Commission on October 17, 2014, the Reporting Person has ceased to be a member of such group and therefore is no longer subject to Section 16 of the Securities Exchange Act of 1934 in connection with the securities identified on this Form 4. Each of the Reporting Persons disclaims beneficial ownership (as defined in Rule 16a-1(a)(2)) of any securities of the Issuer except to the extent of its pecuniary interest therein.
Remarks: On October 21, 2014, a Form 4 filing (SEC Accession No. 0001213900-14-007414) was made under the incorrect CIK codes for VI Capital Fund, LP and VI Capital Management, LLC. VI Capital Fund, LP and VI Capital Management, LLC (instead of Value Generation Capital Fund LP and Value Generation Capital LLC) should have been identified as among the registrants for the October 21, 2014 filing. This filing amends and replaces the October 21, 2014 filing (SEC Accession No. 0001213900-14-007414) in its entirety.

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