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 *
GREENHILL CAPITAL PARTNERS, LLC
  2. Issuer Name and Ticker or Trading Symbol
HEARTLAND PAYMENT SYSTEMS INC [HPY]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
_____ Director __X__ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last)
(First)
(Middle)
300 PARK AVENUE, 23RD FLOOR
3. Date of Earliest Transaction (Month/Day/Year)
08/16/2005
(Street)

NEW YORK, NY 10022
4. If Amendment, Date Original Filed(Month/Day/Year)
08/19/2005
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; par value $0.001 per share 08/16/2005   S(1)   300,000 D $ 18 6,332,084 I (2) (3) (4) (5) (6) Through limited partnerships (2) (3) (4) (5) (6)

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 V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Reporting Owners

Reporting Owner Name / Address Relationships
 Director  10% Owner  Officer  Other
GREENHILL CAPITAL PARTNERS, LLC
300 PARK AVENUE, 23RD FLOOR
NEW YORK, NY 10022
    X    
GCP MANAGING PARTNER, L.P.
300 PARK AVENUE, 23RD FLOOR
NEW YORK, NY 10022
    X    
GCP, L.P.
300 PARK AVENUE, 23RD FLOOR
NEW YORK, NY 10022
    X    
GREENHILL & CO INC
300 PARK AVENUE, 23RD FLOOR
NEW YORK, NY 10022
    X    
GCP 2000, LLC
300 PARK AVENUE, 23RD FLOOR
NEW YORK, NY 10022
    X    
GREENHILL ROBERT F
300 PARK AVENUE, 23RD FLOOR
NEW YORK, NY 10022
    X    
BOK SCOTT L
300 PARK AVENUE, 23RD FLOOR
NEW YORK, NY 10022
    X    
NIEHAUS ROBERT H
300 PARK AVENUE, 23RD FLOOR
NEW YORK, NY 10022
    X    
GREENHILL CAPITAL PARTNERS LP
300 PARK AVENUE, 23RD FLOOR
NEW YORK, NY 10022
    X    

Signatures

 Greenhill Capital Partners, LLC, By: /s/ Robert H. Niehaus, Robert H. Niehaus, Chairman   08/24/2005
**Signature of Reporting Person Date

 GCP 2000, LLC, By: /s/ Robert H. Niehaus, Robert H. Niehaus, Chairman   08/24/2005
**Signature of Reporting Person Date

 GCP Managing Partner, L.P., By: Greenhill Capital Partners, LLC, its general partner, By: /s/ Robert H. Niehaus, Robert H. Niehaus, Chairman   08/24/2005
**Signature of Reporting Person Date

 GCP, L.P., By: GCP 2000, LLC, its general partner, By: /s/ Robert H. Niehaus, Robert H. Niehaus, Chairman   08/24/2005
**Signature of Reporting Person Date

 GREENHILL CAPITAL PARTNERS, L.P., By: GCP, L.P., its general partner and GCP 2000, LLC, its general partner, By: /s/ Robert H. Niehaus, Robert H. Niehaus, Chairman   08/24/2005
**Signature of Reporting Person Date

 GREENHILL CAPITAL PARTNERS, L.P., By: GCP Managing Partner L.P., its managing general partner and Greenhill Capital Partners, LLC, its general partner, By: /s/ Robert H. Niehaus, Robert H. Niehaus, Chairman   08/24/2005
**Signature of Reporting Person Date

 GREENHILL & CO., INC., By: /s/ Ulrika Ekman, Ulrika Ekman, General Counsel and Secretary   08/24/2005
**Signature of Reporting Person Date

 Robert F. Greenhill, /s/ Ulrika Ekman, Attorney in Fact for Robert F. Greenhill   08/24/2005
**Signature of Reporting Person Date

 Scott L. Bok, /s/ Ulrika Ekman, Attorney in Fact for Scott L. Bok   08/24/2005
**Signature of Reporting Person Date

 /s/ Robert H. Niehaus, Robert H. Niehaus   08/24/2005
**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) Sale by reporting persons pursuant to the exercise of the over-allotment option by the underwriters granted to the underwriters in connection with the initial public offering of the Issuer.
(2) This Form 4 is being filed by more than one reporting person.
(3) Greenhill Capital Partners, LLC, whose sole member is Greenhill & Co., Inc., is the general partner of GCP Managing Partner, L.P. GCP Managing Partner, L.P. and GCP, L.P. are general partners of Greenhill Capital Partners, L.P., which sold 183,690 shares of Issuer's common stock ("Common Stock") in the transaction reported hereby and is now the record owner of 3,877,146 shares of Common Stock, Greenhill Capital Partners (Executives), L.P., which sold 29,653 shares of Common Stock in the transaction reported hereby and is now the record owner of 625,887 shares of Common Stock, Greenhill Capital, L.P., which sold 56,027 shares of Common Stock in the transaction reported hereby and is now the record owner of 1,182,545 shares of Common Stock, and Greenhill Capital Partners (Cayman), L.P., which sold 30,630 shares of Common Stock in the transaction reported hereby and is now the record owner of 646,506 shares of Common Stock.
(4) GCP 2000, LLC is the general partner of GCP, L.P. GCP 2000, LLC is in turn controlled by its Senior Members, Scott L. Bok, Robert F. Greenhill and Robert H. Niehaus. Messrs. Bok and Niehaus are also members of the Board of Directors of the Issuer.
(5) Each reporting person disclaims beneficial ownership of the reported securities except and to the extent of its or his pecuniary interest therein. Further, pursuant to an option agreement, dated July 31, 2003, Greenhill Capital Partners, L.P. and affiliated investment funds granted Robert O. Carr, Chief Executive Officer of the Issuer, the option to purchase an aggregate of 1,093,750 shares of Common Stock at a price of $7.143 per optioned share. Greenhill Capital Partners, L.P. granted 669,648 optioned shares of Common Stock, Greenhill Capital Partners (Executives), L.P. granted 108,136 optioned shares of Common Stock, Greenhill Capital, L.P. granted 204,181 optioned shares of Common Stock and Greenhill Capital Partners (Cayman), L.P. granted 111,785 optioned shares of Common Stock.
(6) The option agreement expires on July 31, 2006. Thus the 6,332,084 shares of Common Stock that will be beneficially owned by the above named persons (to the extent of their pecuniary interest therein) include 1,093,750 shares of Common Stock which are subject to the option granted to Robert O. Carr.

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