Hudson Global, Inc. (HSON): Sagard Capital’s Ownership Drops to 13.1%

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Page 4 of 11 SEC Filing

CUSIP No. 443787106

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1

NAME OF REPORTING PERSON: Sagard Capital Partners Management Corp.

I.R.S. Identification No. of Above Person (Entities Only):  20-2402055

2

CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP (See instructions)

(a) [

]

(b) [

]

3

SEC USE ONLY

4

SOURCE OF FUNDS

AF

5

CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT

TO ITEMS 2(D) OR 2(E)

[

]

6

CITIZENSHIP OR PLACE OF ORGANIZATION

Delaware

NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH

7

SOLE VOTING POWER:

0

8

SHARED VOTING POWER:

4,650,189

9

SOLE DISPOSITIVE POWER:

0

10

SHARED DISPOSITIVE POWER:

4,650,189

11

AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON:

4,650,189

12

CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN

SHARES      [  ]

13

PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11):

13.1%

14

TYPE OF REPORTING PERSON:

CO



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