Edgar Filing: SHANON GUY

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 ^*

KINGSTOWN CAPITAL PARTNERS, LLC

2. Issuer Name and Ticker or Trading Symbol
TIGRENT INC [TIGE]

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

_____ Director	_____ 10% Owner
_____ Officer (give title below)	__X__ Other (specify below)
See Footnote 1.

(Last)

(First)

(Middle)

11 EAST 44TH STREET, 7TH FLOOR

3. Date of Earliest Transaction (Month/Day/Year)
11/02/2009

(Street)

NEW YORK, NY 10017

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

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)
1.Title of Security (Instr. 3)	2. Transaction Date (Month/Day/Year)	2A. Deemed Execution Date, if any (Month/Day/Year)	Code	V	Amount	(A) or (D)	Price		6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4)	7. Nature of Indirect Beneficial Ownership (Instr. 4)
Common Stock	11/02/2009		S		1,000	D	$ 1.25	13,900	I ⁽¹⁾	By Michael Blitzer ⁽²⁾
Common Stock	11/03/2009		S		500	D	$ 1.14	13,400	I ⁽¹⁾	By Michael Blitzer ⁽²⁾
Common Stock	11/03/2009		S		500	D	$ 1.13	12,900	I ⁽¹⁾	By Michael Blitzer ⁽²⁾
Common Stock	11/03/2009		S		500	D	$ 1.1	12,400	I ⁽¹⁾	By Michael Blitzer ⁽²⁾
Common Stock	11/03/2009		S		10,000	D	$ 1.1	2,400	I ⁽¹⁾	By Michael Blitzer ⁽²⁾
Common Stock	11/03/2009		S		875	D	$ 1.1	1,525	I ⁽¹⁾	By Michael Blitzer ⁽²⁾
Common Stock	11/03/2009		S		500	D	$ 1.15	1,025	I ⁽¹⁾	By Michael Blitzer ⁽²⁾
Common Stock	11/03/2009		S		1,025	D	$ 1.1	0	I ⁽¹⁾	By Michael Blitzer ⁽²⁾
Common Stock								2,450	I ⁽¹⁾	By Guy Shanon ⁽³⁾
Common Stock								317,500	I ⁽¹⁾	By Kingstown Capital Management L.P. ⁽⁴⁾
Common Stock								883,500	I ⁽¹⁾	By Kingstown Partners L.P. ⁽⁵⁾

Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
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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
KINGSTOWN CAPITAL PARTNERS, LLC 11 EAST 44TH STREET, 7TH FLOOR NEW YORK, NY 10017				See Footnote 1.
BLITZER MICHAEL 11 EAST 44TH STREET, 7TH FLOOR NEW YORK, NY 10017				See Footnote 1.
SHANON GUY 11 EAST 44TH STREET, 7TH FLOOR NEW YORK, NY 10017				See Footnote 1.
KINGSTOWN PARTNERS L.P. 11 EAST 44TH STREET, 7TH FLOOR NEW YORK, NY 10017				See Footnote 1.
KINGSTOWN CAPITAL MANAGEMENT L.P. 11 EAST 44TH STREET, 7TH FLOOR NEW YORK, NY 10017				See Footnote 1.
KINGSTOWN MANAGEMENT GP LLC 11 EAST 44TH STREET, 7TH FLOOR NEW YORK, NY 10017				See Footnote 1.

Signatures

By: By: Michael Blitzer, Managing Member		11/03/2009
^**Signature of Reporting Person		Date
/s/ Blitzer, Michael		11/03/2009
^**Signature of Reporting Person		Date
/s/ Shanon, Guy		11/03/2009
^**Signature of Reporting Person		Date
By: By: Kingstown Capital Partners LLC, its General Partner, By: Michael Blitzer, Managing Member		11/03/2009
^**Signature of Reporting Person		Date
By: By: Kingstown Management GP LLC, its General Partner, By: Michael Blitzer, Managing Member		11/03/2009
^**Signature of Reporting Person		Date
By: By: Michael Blitzer, Managing Member		11/03/2009
^**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)	This report is filed jointly by Kingstown Capital Partners LLC ("Kingstown GP"), Kingstown Partners L.P. ("Kingstown"), Kingstown Capital Management L.P. ("Kingstown Capital"), Kingstown Management GP LLC ("Kingstown Management"), Michael Blitzer and Guy Shanon. Kingstown GP is the general partner of Kingstown. Mr. Blitzer and Mr. Shanon are each managing members of Kingstown GP. Kingstown Management is the general partner of Kingstown Capital. Mr. Blitzer and Mr. Shanon are each managing members of Kingstown Management. By virtue of these relationships, each of the reporting persons may be deemed to be beneficial owners of more than 10% of the outstanding common stock of Whitney Information Network, Inc. (the "Issuer"). Each of the reporting persons disclaims beneficial ownership of shares of common stock of the Issuer not directly owned by it/him, except to the extent of its/his pecuniary interest therein.
(2)	Represents shares owned directly by Mr. Blitzer.
(3)	Represents shares owned directly by Mr. Shanon.
(4)	Represents shares beneficially owned by Kingstown Capital that were acquired for the account of Absolute Opportunities Fund, a mutual fund, for which Kingstown Capital is a subadviser.
(5)	Represents shares owned directly by Kingstown.

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