SEC Form 4

FORM 4		UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940	OMB APPROVAL OMB Number: 3235-0287 Estimated average burden hours per response: 0.5
	Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).

1. Name and Address of Reporting Person* KINGSTOWN CAPITAL PARTNERS, LLC (Last) (First) (Middle) 11 EAST 44TH STREET, 7TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip)	2. Issuer Name and Ticker or Trading Symbol TIGRENT INC [ TIGE ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) Director X 10% Owner Officer (give title below) Other (specify below)
	3. Date of Earliest Transaction (Month/Day/Year) 07/01/2010
	4. If Amendment, Date of 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

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)								317,500	I	By Kingstown Capital Management L.P.(2)
Common Stock(1)	07/01/2010		J(3)		883,500	A	(3)	883,500	I	By Kingstown Partners Master Ltd.(4)
Common Stock(1)								2,450	I	By Guy Shanon(5)
Common Stock(1)	07/01/2010		J(3)		883,500	D	(3)	0	I	By Kingstown Partners L.P.

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 Securities Underlying Derivative Security (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: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
				Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

1. Name and Address of Reporting Person* KINGSTOWN CAPITAL PARTNERS, LLC (Last) (First) (Middle) 11 EAST 44TH STREET, 7TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* BLITZER MICHAEL (Last) (First) (Middle) 11 EAST 44TH STREET, 7TH FLOOR (Street) NEW YORK NY 10001 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* SHANON GUY (Last) (First) (Middle) 11 EAST 44TH STREET, 7TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* KINGSTOWN PARTNERS L.P. (Last) (First) (Middle) 11 EAST 44TH STREET, 7TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* KINGSTOWN CAPITAL MANAGEMENT L.P. (Last) (First) (Middle) 11 EAST 44TH STREET, 7TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* KINGSTOWN MANAGEMENT GP LLC (Last) (First) (Middle) 11 EAST 44TH STREET, 7TH FLOOR (Street) NEW YORK NY 10017 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

1. Name and Address of Reporting Person* Kingstown Partners Master Ltd. (Last) (First) (Middle) C/O MOURANT OZANNES CORPORATE SERVICES 42 NORTH CHURCH STREET, P.O. BOX 1348 (Street) GRAND CAYMAN E9 KY1-1108 (City) (State) (Zip) Relationship of Reporting Person(s) to Issuer Director X 10% Owner Officer (give title below) Other (specify below)

Explanation of Responses:

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"), Kingstown Partners Master Ltd. ("Master Fund"), Michael Blitzer and Guy Shanon (collectively the "Reporting Persons"). Each of the Reporting Persons is a member of a Section 13(d) group that beneficially owns in excess of 10% of the Issuer's outstanding Shares. As members of the group, each of the Reporting Persons may be deemed to beneficially own the securities of the Issuer beneficially owned by the other members of the group. Each of the Reporting Persons disclaims beneficial ownership of the securities of the Issuer beneficially owned by the other members of the group except to the extent of his or its pecuniary interest therein.

2. 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. As the general partner of Kingstown Capital, Kingstown Management may be deemed to beneficially own the Shares owned by Kingstown Capital. As the managing members of Kingstown Management, each of Mr. Blitzer and Mr. Shanon may be deemed to beneficially own the Shares owned by Kingstown Capital.

3. Transaction constitutes a contribution by Kingstown to Master Fund.

4. Shares owned directly by Master Fund. As the investment manager of Master Fund, Kingstown Capital may be deemed to beneficially own the Shares owned by Master Fund. As the general partner of Kingstown Capital, Kingstown Management may be deemed to beneficially own the Shares owned by Master Fund. As the managing members of Kingstown Management, each of Mr. Blitzer and Mr. Shanon may be deemed to beneficially own the Shares owned by Master Fund.

5. Shares owned directly by Mr. Shanon.

	Kingstown Capital Partners, LLC, By: /s/ Guy Shanon, Managing Member	07/06/2010
	/s/ Blitzer, Michael	07/06/2010
	/s/ Shanon, Guy	07/06/2010
	Kingstown Partners L.P., By: Kingstown Capital Partners LLC, its General Partner, By: /s/ Guy Shanon, Managing Member	07/06/2010
	Kingstown Capital Management L.P., By: Kingstown Management GP LLC, its General Partner, By: /s/ Guy Shanon, Managing Member	07/06/2010
	Kingstown Management GP LLC, By: /s/ Guy Shanon, Managing Member	07/06/2010
	Kingstown Partners Master Ltd., By: Kingstown Capital Management L.P., its Investment Manager, By: Kingstown Management GP LLC, its General Partner, By: /s/ Guy Shanon, Managing Member	07/06/2010
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* 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).
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