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 *
Stedman Trent
   2. Issuer Name and Ticker or Trading Symbol
BITSTREAM INC [BITS] 		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)
799 CENTRAL AVENUE, SUITE 350		 3. Date of Earliest Transaction (Month/Day/Year)
04/09/2010
(Street)

HIGHLAND PARK,, IL 60035		 4. If Amendment, Date Original Filed(Month/Day/Year)
 6. Individual or Joint/Group Filing(Check Applicable Line)
_X_ Form filed by One Reporting Person
___ 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
Class A Common Stock, $0.01 par value per share 04/09/2010   J(1)   449,100 D $ 0 0 I see footnote (2)
Class A Common Stock, $0.01 par value per share 04/09/2010   J(1)   72,394 A $ 0 72,394 D  
Class A Common Stock, $0.01 par value per share               1,135,462 I See Footnote (3)

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
Stedman Trent
799 CENTRAL AVENUE, SUITE 350
HIGHLAND PARK,, IL 60035		     X    

Signatures

 /s/ Trent Stedman   09/02/2010
**Signature of Reporting Person Date
 /s/ New Vernon Investment Management LLC, by Trent Stedman, member   09/02/2010
**Signature of Reporting Person Date
 /s/ NV North American Opportunity Fund, by New Vernon Investment Management LLC, the investment manager, by Trent Stedman, member   09/02/2010
**Signature of Reporting Person Date
 /s/ Highland Park Partners Fund LP, by HPP GP LLC, general partner, by Trent Stedman, sole member   09/02/2010
**Signature of Reporting Person Date
 /s/ HPP GP LLC, by Trent Stedman, sole member   09/02/2010
**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) On April 9, 2010, Highland Park Partners Fund LP, as to which HPP GP LLC served as the general partner, distributed all of the 449,100 shares of Class A Common Stock, $0.01 par value per share ("Common Stock"), that it directly beneficially owned, pro rata, to its partners, including Mr. Stedman. Mr. Stedman disclaims beneficial ownership of all shares reported on this Form 4, except to the extent of his pecuniary interest therein.
(2) By Highland Park Partners Fund LP.
(3) By NV North American Opportunity Fund. Mr. Stedman is a member of New Vernon Investment Management LLC (into which Millennium Group LLC merged), which is the investment manager of NV North American Opportunity Fund. By virtue of his relationship to NV North American Opportunity Fund and New Vernon Investment Management LLC, Mr. Stedman may be deemed to indirectly beneficially own certain of the shares of Common Stock directly beneficially owned by NV North American Opportunity Fund. Each of NV North American Opportunity Fund, New Vernon Investment Management LLC, Highland Park Partners Fund LP, HPP GP LLC and Mr. Stedman disclaim beneficial ownership of all shares reported on this Form 4, except to the extent of any pecuniary interest therein.

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