FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 INITIAL STATEMENT OF 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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1. Name and Address of Reporting Person *   Stone Lion Capital Partners L.P. 2. Date of Event Requiring Statement (Month/Day/Year) 06/05/2014 3. Issuer Name and Ticker or Trading Symbol GLEACHER & COMPANY, INC. [GLCH] (Last) (First) (Middle) 555 FIFTH AVENUE, 18TH FLOOR,  4. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director __X__ 10% Owner _____ Officer (give title below) _____ Other (specify below) 5. If Amendment, Date Original Filed(Month/Day/Year) (Street) NEW YORK, NY 10017 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 Beneficially Owned

1.Title of Security (Instr. 4) 2. Amount of Securities Beneficially Owned (Instr. 4) 3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5) 4. Nature of Indirect Beneficial Ownership (Instr. 5) Common Stock 372,308 I See footnotes (1) (5) (6) (7) Common Stock 1,611,120 I See footnotes (2) (5) (6) (7) Common Stock 197,951 I See footnotes (3) (5) (6) (7) Common Stock 171,524 I See footnotes (4) (5) (6) (7)

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.			SEC 1473 (7-02)
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Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)

1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address	Relationships
	Director	10% Owner	Officer	Other
Stone Lion Capital Partners L.P. 555 FIFTH AVENUE, 18TH FLOOR NEW YORK, NY 10017	Â	  X	Â	Â
SL Capital Partners LLC C/O STONE LION CAPITAL PARTNERS L.P. 555 FIFTH AVENUE, 18TH FLOOR NEW YORK, NY 10017	Â	  X	Â	Â
Stone Lion Capital LLC C/O STONE LION CAPITAL PARTNERS L.P. 555 FIFTH AVENUE, 18TH FLOOR NEW YORK, NY 10017	Â	  X	Â	Â
HHLF L.P. C/O STONE LION CAPITAL PARTNERS L.P. 555 FIFTH AVENUE, 18TH FLOOR NEW YORK, NY 10017	Â	  X	Â	Â
LLSM L.P. C/O STONE LION CAPITAL PARTNERS L.P. 555 FIFTH AVENUE, 18TH FLOOR NEW YORK, NY 10017	Â	  X	Â	Â
Permal Stone Lion Fund Ltd C/O STONE LION CAPITAL PARTNERS L.P. 555 FIFTH AVENUE, 18TH FLOOR NEW YORK, NY 10017	Â	  X	Â	Â
SL Liquidation Fund L.P. C/O STONE LION CAPITAL PARTNERS L.P. 555 FIFTH AVENUE, 18TH FLOOR NEW YORK, NY 10017	Â	  X	Â	Â
Hanley Gregory A. C/O STONE LION CAPITAL PARTNERS L.P. 555 FIFTH AVENUE, 18TH FLOOR NEW YORK, NY 10017	Â	  X	Â	Â
Mintz Alan J. C/O STONE LION CAPITAL PARTNERS L.P. 555 FIFTH AVENUE, 18TH FLOOR NEW YORK, NY 10017	Â	  X	Â	Â

Signatures

/s/ Claudia L. Borg, General Counsel and CCO		06/09/2014
**Signature of Reporting Person		Date
/s/ Alan J. Mintz, Manager		06/09/2014
**Signature of Reporting Person		Date
/s/ Alan J. Mintz, Manager		06/09/2014
**Signature of Reporting Person		Date
/s/ Claudia L. Borg, General Counsel of SLGP Partners L.P., the manager of HHLF LLC, the general partner of HHLF L.P.		06/09/2014
**Signature of Reporting Person		Date
/s/ Tammy Jennissen, Director of LLS General Partner Ltd., the general partner of LLS GP L.P., the general partner of LLSM L.P.		06/09/2014
**Signature of Reporting Person		Date
/s/ Javier Dyer and /s/ Christopher Zuehlsdorff, Authorized Persons of the Board of Directors		06/09/2014
**Signature of Reporting Person		Date
/s/ Claudia L. Borg, General Counsel of SLGP Partners L.P., the manager of SL Liquidation LLC, the general partner of SL Liquidation Fund L.P.		06/09/2014
**Signature of Reporting Person		Date
/s/ Gregory A. Robertson		06/09/2014
**Signature of Reporting Person		Date
/s/ Alan J. Mintz		06/09/2014
**Signature of Reporting Person		Date

Explanation of Responses:

*	If the form is filed by more than one reporting person, see Instruction 5(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)	Shares beneficially owned by HHLF L.P., a Delaware limited partnership ("HHLF").
(2)	Shares beneficially owned by LLSM L.P., a Cayman Islands exempted limited partnership ("LLSM").
(3)	Shares beneficially owned by Permal Stone Lion Fund Ltd., a British Virgin Islands limited company ("Permal Stone").
(4)	Shares beneficially owned by SL Liquidation Fund L.P., a Cayman Islands exempted limited partnership ("SL Fund").
(5)	This statement is being filed by Stone Lion Capital Partners L.P., a Delaware limited partnership ("Stone Lion"). SL Capital Partners LLC, a Delaware limited liability company ("SLCP"), Stone Lion Capital LLC ("SLC"), a Delaware limited liability company, HHLF, LLSM, Permal Stone, SL Fund, Gregory A. Hanley and Alan J. Mintz (collectively, the "Reporting Persons").
(6)	The securities reported herein are owned directly by HHLF, LLSM, Permal Stone and SL Fund. Stone Lion, SLCP, SLC and Messrs. Hanley and Mintz own directly no shares of Common Stock. Pursuant to an investment management agreement, Stone Lion maintains investment and voting power with respect to securities held by HHLF, LLSM, Permal Stone and SL Fund. SLCP is the general partner of Stone Lion. SLC is the managing member of SLCP. Messrs. Hanley and Mintz are the managing members of SLC.
(7)	The Reporting Persons, together with certain other persons, may be deemed to constitute a "group," within the meaning of Section 13(d)(3) of the Securities Exchange Act of 1934, as amended, that beneficially owns more than 10% of the outstanding shares of Common Stock. This Form 3 shall not be deemed an admission that any Reporting Person is a beneficial owner of any shares of Common Stock for any purpose, other than the securities reported in Table I of this Form 3. Each of the Reporting Persons disclaims membership in any "group" with any other person other than the Reporting Persons, and disclaims beneficial ownership of the securities reported in Table I except to the extent of its pecuniary interest therein, if any.
  Remarks: Exhibit List: Exhibit 99.1 - Joint Filer Information

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