Statement of Changes of Beneficial Ownership

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	OMB APPROVAL OMB Number: 3235-0287 Expires: January 31, 2008 Estimated average burden hours per response... 0.5
	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(f) of the Investment Company Act of 1940

1. Name and Address of Reporting Person ^* CHRISTIE ANTHONY D	2. Issuer Name and Ticker or Trading Symbol GLOBAL CROSSING LTD [ GLBC ]	5. Relationship of Reporting Person(s) to Issuer (Check all applicable) _____ Director _____ 10% Owner __ X __ Officer (give title below) _____ Other (specify below) EVP & Chief Marketing Officer
(Last) (First) (Middle) GLOBAL CROSSING LIMITED, 200 PARK AVENUE	3. Date of Earliest Transaction (MM/DD/YYYY) 11/13/2006
(Street) FLORHAM PARK, NJ 07932 (City) (State) (Zip)	4. If Amendment, Date Original Filed (MM/DD/YYYY)	6. Individual or Joint/Group Filing (Check Applicable Line) _ X _ Form filed by One Reporting Person ___ 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. Trans. Date	2A. Deemed Execution Date, if any	3. Trans. 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. Trans. Date	2A. Deemed Execution Date, if any	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	11/13/2006		S ⁽¹⁾		1000	D	$25.05	37738	D
Common Stock	11/13/2006		S ⁽²⁾		1000	D	$25.1055	36738	D
Common Stock	11/13/2006		M ⁽⁴⁾		3000	A	$10.16	39738	D
Common Stock	11/13/2006		S ⁽⁶⁾		3000	D	$25.92	36738	D

*Table II - Derivative Securities Beneficially Owned ( e.g.* , puts, calls, warrants, options, convertible securities)**
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	4. Trans. 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		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 of Derivative Security: Direct (D) or Indirect (I) (Instr. 4)	11. Nature of Indirect Beneficial Ownership (Instr. 4)
1. Title of Derivate Security (Instr. 3)	2. Conversion or Exercise Price of Derivative Security	3. Trans. Date	3A. Deemed Execution Date, if any	Code	V	(A)	(D)	Date Exercisable	Expiration Date	Title	Amount or Number of Shares	8. Price of Derivative Security (Instr. 5)			11. Nature of Indirect Beneficial Ownership (Instr. 4)
Employee Stock Option (right to buy)	$10.16	11/13/2006		M ⁽⁵⁾			3000	12/9/2004	12/9/2013	Common Stock	3000	$0	47000 ⁽³⁾	D

Explanation of Responses:
( 1)	This sale was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2006.
( 2)	This sale was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2006.
( 3)	The first two vesting installments of these options occurred on December 9, 2004 and 2005. On December 9, 2006, the remaining 16,665 options will vest.
( 4)	This option exercise was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2006.
( 5)	This option exercise was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2006.
( 6)	This sale was effectuated pursuant to a Rule 10b5-1 trading plan adopted by the reporting person on June 12, 2006.

Reporting Owners
Reporting Owner Name / Address	Relationships
Reporting Owner Name / Address	Director	10% Owner	Officer	Other
CHRISTIE ANTHONY D GLOBAL CROSSING LIMITED 200 PARK AVENUE FLORHAM PARK, NJ 07932			EVP & Chief Marketing Officer

Signatures
Mitchell Sussis, attorney-in-fact		11/15/2006
^** 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).
Note:	File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
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